ISPR News

Eleven very small IPOs raised a combined $111 million in April, well below the 10-year average (16 IPOs, $4.0B). The month’s largest deal raised just $19 million as issuance from larger names continued to stall in the wake of March’s banking crisis. Nearly all of the month’s issuers were based in Asia, except for fitness equipment brand ...read more

Four small issuers began trading this past week, three of which are eligible for inclusion in our IPO stats. One small deal postponed (VCIG), and a few others delayed (UCAR, GDHG, GMM). Ispire Technology (ISPR) downsized and priced at the midpoint to raise $19 million at a $369 million market cap. Formed to acquire certain businesses of Chinese vaping...read more

Ispire Technology, which sells branded tobacco and cannabis vape devices primarily in the US and Europe, raised $19 million by offering 2.7 million shares at $7, within the range of $6 to $8. The company offered 0.3 million fewer shares than anticipated. It originally planned to offer 6 million shares before lowering the offering in March. An executive had indicated on $1...read more

Ispire Technology, which sells branded tobacco and cannabis vape devices primarily in the US and Europe, lowered the proposed deal size for its upcoming IPO on Friday. In its latest filing, the company also removed SPDB International as an underwriter. The Los Angeles, CA-based company now plans to raise $21 million by offering 3 million shares at a price range of $6 to $8. An...read more