ICG News

Two small issuers began trading this past week, one of which is eligible for inclusion in our IPO stats, joined by one blank check IPO. Three small IPOs and one SPAC submitted initial filings. Though there were no large launches or pricings, three issuers on file to raise $100+ million disclosed updated financials: Chinese pet hospital company New Ruipeng Pet Group...read more

Intchains Group, a China-based fabless designer of ASIC chips for blockchain applications, raised $8 million by offering 1 million ADSs at $8, within the range of $7 to $9. The company offered 0.3 million fewer ADSs than anticipated. It originally planned to offer 3.6 million ADSs before lowering the terms in February. The IPO float is just 1.7% of basic shares outstanding. ...read more

With no large post-Presidents’ Day launches this past week, six small companies are scheduled to list in the week ahead. Micro-caps have remained fairly active so far this year despite increased scrutiny from regulators, and should continue to boost deal flow due in part to ...read more

Intchains Group, a China-based fabless designer of ASIC chips for blockchain applications, lowered the proposed deal size for its upcoming IPO on Wednesday. The Shanghai, China-based company now plans to raise $10 million by offering 1.3 million ADSs at a price range of $7 to $9. The company had previously filed to offer 3.6 million ADSs at the same range. At the midpoint,...read more