NA News

IPO Market Misfires in the Slowest 3Q in Over a Decade It was the worst third quarter for new issuers in over a decade, with 25 IPOs raising $2.4 billion as the 2022 US IPO market remains on track to raise the lowest proceeds of any year in our firm's 30+ year history. While issuance did pick up slightly from the...read more

Seven IPOs raised a combined $228 million in the slowest July in what’s shaping up to be the slowest year for the IPO market in over a decade. Five of the seven offerings came from foreign issuers, led by Chinese fintech AMTD Digital....read more

Three Chinese issuers and a nano-cap began trading this past week. Fintech spin-off AMTD Digital (HKD) led the group with its $125 million deal, a rare feat in a year that has only produced a dozen $100+ million IPOs. In the pipeline, four small IPOs and one SPAC submitted initial filings. The most notable news came from thrift store chain ...read more

Nano Labs, a fabless chip designer in China focused on cryptocurrency mining, raised $20 million by offering 1.8 million ADSs at $11.50, near the top of the revised range of $11.35 to $11.51. The company originally planned to offer 3.5 million ADSs at a range of $9.50 to $11.50, before revising the terms last week. Nano Labs develops high throughput computing (HTC) chips, high...read more