Late Stage Mature Pre IPO Unicorns -

Chinese steel manufacturing holding company Hongli Group sets terms for $25 million US IPO

By Renaissance Capital, Hongli Group, a cold roll formed steel profile manufacturer in China, announced terms for its IPO on Thursday. The Shandong, China-based company plans to raise $25 million by offering 5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Hongli Group would command a[…]

Chinese IoT solutions provider Wuxin Technology files for US IPO

By Val Kennedy,   Wuxin Technology Holdings (WXT), a provider of Internet of Things connectivity solutions in China, has filed to hold an initial public offering in the US. Wuxin plans to list its shares on Nasdaq under the symbol WXT. The size and pricing of the deal were not disclosed. Prime Number Capital is[…]

Digital healthcare company Citiustech confidentially files for US IPO

By Val Kennedy,     Digital healthcare company Citiustech has reportedly confidentially filed to hold a US initial public offering as early as this year. Citiustech, which provides technology and consulting services to healthcare and life sciences companies, is also considering a sale if it is unable to conduct an IPO due to market conditions.[…]

Tech-focused SPAC Aimfinity Investment I files for a $70 million IPO

By Renaissance Capital, Aimfinity Investment I, a blank check company targeting the technology sector, filed on Friday with the SEC to raise up to $70 million in an initial public offering. The New York, NY-based company plans to raise $70 million by offering 70 million units at a price of $10. Each unit consists of[…]

Taiwanese EV battery maker Prologium eyeing US IPO later this year

By Val Kennedy,     Taiwanese EV battery-maker ProLogium, which is backed by Mercedes-Benz, is reportedly considering an initial public offering in either the US or Europe as early as this year. The company is debating whether to hold the IPO in 2022 or 2023. It may also conduct another fundraising round before going public, Prologium[…]

RF Acquisition prices $10M IPO, trading starts today

By Khyathi Dalal, RF Acquisition (RFACU) priced its 10M units IPO at $10/unit; units will be listed on Nasdaq under the symbol, “RFACU” commencing today. Each unit consists of one share, par value $0.0001 per share, one redeemable warrant wherein each warrant holder is entitled to purchase one share at $11.5/share. EarlyBirdCapital, underwriters representative, granted 45-day option to purchase[…]

Low-sugar sports drink maker SOS Hydration files for $7.5M IPO

By Val Kennedy,      SOS Hydration (SOSH), a marketer of low-sugar sports drinks, is seeking to raise around $7.5M through an initial public offering. The hydration beverage company filed an amended S-1 to offer 1.4M units priced in the range of $4.50 to $6.50. If priced at the range midpoint of $5.50, the company would raise[…]

Forge Global stock rockets 164% in market debut

By Val Kennedy,     Newly public Forge Global (FRGE), which recently merged with SPAC Motive Capital (MOTV), saw its stock rocket 164% during its market debut on Tuesday. Shares of the private securities marketplace recently changed hands at $19.45, up 92%, at approximately 11:50 a.m. ET. The stock opened at $11.06, hitting a high of[…]

Taiwan cryptocurrency platform MaiCoin Group reportedly mulling US IPO

By Val Kennedy,     Taiwanese cryptocurrency platform MaiCoin Group is reportedly mulling holding an initial public offering on Nasdaq within two years. MaiCoin, which operates Taiwan’s largest cryptocurrency exchange, plans to use proceeds from the deal to expand into Southeast Asia. The company has not yet made a decision about the IPO, according to a[…]

UK-based diagnostics maker Virax Biolabs files for US IPO

By Val Kennedy,     UK-based diagnostics marketer Virax Biolabs (VRAX) has filed to hold a US initial public offering. The company didn’t specify the size and pricing of the proposed IPO. It hopes to list its shares on Nasdaq under the symbol VRAX. Boustead Securities is serving as lead bookrunner, according to its filing. Virax is[…]