As work resumes after a long Thanksgiving weekend, the microcap IPO flow strengthens and gains momentum into the beginning of December with six companies on the calendar.
The new floats include a Hong Kong holding company for operating subsidiaries that produce primarily electrical hair styling appliances, a building technology company and manufacturer of cold-formed steel, a financial and advertising software company that uses blockchain technology for companies to sell, buy, and list campaigns and advertising, a mobility app providing on-demand and scheduled carpooling and ride-hailing services and quick commerce with parcel delivery, a company that offers electric vehicles on-demand to apartments, luxury hotels, and commercial buildings via an app, and a cross-border retail and e-commerce services provider.
Cross-Border E-Commerce Retail and Services
Linkage Global (LGCB) has an estimated IPO date of Dec. 8, intending to raise $7.5 million at a $107.5 million market cap. Founded in 2011 and based in Japan, the company is an online retailer and provides cross-border e-commerce services, including digital marketing, software support services, and e-commerce operation training.
Linkage Global booked $23 million in sales for the year ended March 31. The sole bookrunner on this deal is EF Hutton.
Updated IPOs
Fenbo Holdings (FEBO) had estimated IPO dates of Nov. 17 and Nov. 21, seeking to raise $5 million at a $55 million market cap. Now, the company has an estimated IPO date of Nov. 28, still aiming to raise $5 million at a $55 million market cap.
Inno Holdings (INHD) had an estimated IPO date of Nov. 1, seeking to raise about $11 million at around a $93 million market cap. Now, the company has an estimated IPO date of Nov. 29, still intending to raise around $11 million at about a $93 million market cap.
NYIAX (NYX) had an estimated IPO date of March 8, seeking to raise $9 million at an estimated market cap of $78 million, then an estimated IPO date of Nov. 3, aiming to raise $7.5 million at about a $74 million market cap. Now, the company has an estimated IPO date of Nov. 30, still intending to raise $7.5 million at around a $74 million market cap.
Ryde Group (RYDE) had an estimated IPO date of Nov. 18, aiming to raise about $10 million at a nearly $67 million market cap. Now, the company has an estimated IPO date of Dec. 1, still intending to raise just over $10 million at about a $67 million market cap.
EV Mobility (EVMO) had estimated IPO dates of Nov. 10 and Nov. 17, intending to raise about $9 million at a nearly $59 million market cap. Now, the company has an estimated IPO date of Dec. 1, still seeking to raise nearly $9 million at around a $59 million market cap.
