MGIH News

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

Millennium Group International Holdings, a Hong Kong-based producer of paper packaging, raised $5 million by offering 1.3 million shares at $4, as expected. The company has a market cap of less than $50 million at pricing. As a result, Millennium Group International Holdings will be excluded from Renaissance Capital's 2023 IPO stats. Founded in 1978,...read more

Five small Asian issuers are currently on the calendar for the week ahead, four of which qualify for inclusion in our IPO stats. Others may join throughout the week//late. Chinese battery-swapping station developer U Power (UCAR) plans to raise $18 million at a $368 million market cap. U Power started as a vehicle sourcing service provider in China, and in 2020,...read more

Updated Monday, 3/27. Five small Asian companies are currently scheduled to list in the week ahead, four of which are eligible for inclusion in our IPO stats. Other small deals may also join the calendar to slip through before the end of the quarter. Japan-based SYLA Technologies (SYT) plans to raise $15 million at a $243 million market cap. Through its...read more