Image Source: www.gotcredit.com via FlickrShares of Hong Kong interior design company Mint and business solutions provider 3 E Network Technology started trading on the Nasdaq earlier this week.
Latest IPOs and Direct Listings
Mint (MIMI) opened on Jan. 10 at $4.40. The company had priced 1.75 million shares at $4.00. The deal was priced at the low end of its $4.00-$5.00 range. Mint Incorporation Limited is a Hong Kong-based interior design and fit-out works provider.3 E Network Technology (MASK) opened on Jan. 8 at $3.85. The business-to-business information technology business solutions provider had priced its initial public offering of 1.25 million Class A ordinary shares at a public offering price of $4.00 per share.Zhengye Biotechnology (ZYBT) opened on Jan. 7 at $3.77. The veterinary vaccine manufacturer that encompasses research, development, manufacturing, and sales of veterinary vaccines, with a focus on livestock vaccine in China, had priced its initial public offering of 1.5 million shares at a public offering price of $4.00.
End-of-the-Week Performance
Recent IPOs to Watch
New Century Logistics (NCEW) and YSX Tech (YSXT) are among stocks that could see new coverage roll out this upcoming week as the quiet periods for banks that underwrote the companies’ IPOs expire.
Upcoming IPOs
Upcoming IPO and direct listings expected include the likes of JAJI Global, Infinity Natural Resources, Basel Medical Group, EPWK Holdings, Fast Track Group, and ShipBob.CLPS (CLPS) announced that its majority-owned subsidiary, JAJI Global, has filed a registration statement on Form F-1 with the U.S. SEC relating to a proposed initial public offering of JAJI Global’s ordinary shares. Following the offering, CLPS expects to hold a significant voting interest in JAJI Global along with a corresponding economic interest in its subsidiaries.The number of shares to be offered and the price range for the offering have not yet been determined. JAJI Global intends to list its common stock on The Nasdaq Capital Market. According to the F-1, JAJI Global currently has a total share capital of 10 million shares, of which CLPS holds 60%. The funds raised from this IPO will primarily be used for product development, mergers and acquisitions, global expansion, and company operations to drive JAJI Global’s sustained growth.Infinity Natural Resources filed for an initial public offering of its Class A common stock. The company intends to list its stock on the NYSE under the symbol “INR.” Infinity Natural Resources is an independent exploration & production company that is “dedicated to the Appalachian region.”Basel Medical Group filed for an initial public offering on the Nasdaq under the symbol “BMGL.” Cathay Securities is serving as the underwriter on the deal. Basel is a healthcare provider across Singapore and Southeast Asia.EPWK Holdings filed an initial public offering of 2.75 million Class A ordinary shares. The company expects the initial public offering price will be between $4.00-$6.00 per Class A ordinary share, and has applied to list the shares on the Nasdaq Global Market under the symbol “EPWK.”Fast Track Group filed for an initial public offering of 3 million ordinary shares. It is estimated that the initial public offering price per share will be between $4.00-$5.00. The company has applied to list its shares on the Nasdaq Capital Market under the symbol “FTRK.”ShipBob has selected JPMorgan (JPM) to lead its planned listing, Bloomberg’s Amy Or, Gillian Tan, and Ryan Gould reported last year, citing people familiar with the situation. The Chicago-based e-commerce fulfillment service provider has also chosen Citigroup (C) as part of the syndicate, the authors said. An initial public offering could occur as soon as later this year and could value the company at $4 billion, the authors noted.More By This Author:Wall Street’s Top 10 Stock Calls This Week – Saturday, Jan. 11INLIF, OneConstruction Group Make Public DebutWall Street’s Top 10 Stock Calls This Week – Saturday, Jan. 4
