STBX News

While August is typically a slow month for capital markets, monthly issuance reached double digits for the first time this year as 12 small IPOs raised a combined $196 million. The largest deal raised just $36 million, and the median deal size remained low at $15 million. August IPOs averaged a return of over 1,000% from offer due to a volatile uplisting that began trading on the...read more

Six small deals priced this past week, though only three met the criteria for our 2022 IPO stats. Pipeline activity picked up with three new IPO filings, including a biotech that plans to raise $150 million, as well as amendments from some notable issuers on file. Beijing-based ...read more

Starbox Group Holdings, which provides a payments app in Malaysia that offers cash rebates, raised $20 million by offering 5 million shares at $4, the low end of the range of $4 to $5. Starbox is building a business ecosystem for micro, small, and medium enterprises in Malaysia, with cash rebates at its foundation. Retail merchants can register on the company's GETBATS website and...read more

Two small deals are scheduled to price in the week ahead, only one of which is large enough to be included in our IPO stats. More small issuers may join the calendar during the week. Starbox Group Holdings (STBX) plans to raise $23 million at a $203 million market cap. The company is building a fintech ecosystem targeting micro, small, and medium enterprises in...read more