WLGS News

Six small deals began trading this past week, five of which met the criteria for our IPO stats. They were joined by one blank check IPO. U Power (UCAR) downsized and priced at the low end to raise $15 million at a $315 million market cap. U Power started as a vehicle sourcing service provider in China, and in 2020, it also began developing automated...read more

WANG & LEE GROUP, which provides design and contracting services to the construction industry in China, raised $8 million by offering 1.6 million shares at $5, as expected. Operating as a construction prime and subcontractor, WANG & LEE provides a wide range of large sitework construction services to private construction customers, such as commercial and residential...read more

Four small deals are currently scheduled to price in the week ahead, three of which are eligible for inclusion in our stats, though other issuers may join the IPO calendar late. Holdover 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, it also began developing...read more

WANG & LEE GROUP, which provides design and contracting services to the construction industry in China, lowered the proposed deal size for its upcoming IPO on Tuesday. The Hong Kong, China-based company now plans to raise $8 million by offering 1.6 million shares at a price of $5. The company had previously filed to offer 4 million shares at $4. At the revised price, WANG &...read more