MOBVU News

Two deals priced this week, but only one met the criteria to be included in our 2022 IPO stats. Four new filings, including two offering units, also trickled into the pipeline.  Hong Kong-based Magic Empire Global (MEGL) completed a US offering at its proposed price of $4 to raise $20 million at an $80 million market cap. Doing business as Giraffe Capital,...read more

Mobiv Acquisition, a blank check company targeting the electric vehicle industry in Asia and Europe, raised $87 million by offering 8.7 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50.  Mobiv Acquisition is led by CEO and Director Peter Bilitsch, who previously served as a Director in...read more

Mobiv Acquisition, a blank check company targeting the electric vehicle industry in Asia and Europe, lowered the proposed deal size for its upcoming IPO on Tuesday. The Newark, DE-based company now plans to raise $87 million by offering 8.7 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50. The company had previously filed...read more

After a week of no IPOs or SPACs, May closed out with one small deal. Three IPOs and one SPAC submitted initial filings. Zhong Yang Financial Group (TOP) priced at the low end to raise $25 million at a $175 million market cap. The Hong Kong-based online brokerage specializes in the trading of equities, futures, and options, and generates most revenues from...read more