Up to now this week, there are 5 companies that have released IPO listing news (some of which are expected to be postponed). They are all small and micro companies. The risk is high, so most friends are not recommended to participate. Here's a detailed introduction.
1. China Parallel Imported Automobile Supplier Cheetah Net Supply Chain Service (CTNT) - 7.31 (1)
Cheetah Net Supply Chain Service, Inc. (CTNT) was founded in 2016 and is headquartered in Charlotte, North Carolina, USA. It has 20 full-time employees and is a parallel import automobile supplier that purchases from the US and sells in the Chinese market.
Cheetah Net Supply Chain Service recently plans to issue 1.3 million shares at a price of $4 to $6 to raise $6 million. In terms of the mid-issue price, Cheetah Net Supply Chain Service will raise 38% less capital than previously anticipated.
II. Pixie Dust Technologies Inc. (PXDT), a manufacturer of consumer personal care equipment and space materials in Japan - 8.1 (2)
Pixie Dust Technologies, Inc. (NASDAQ: PXDT) was founded in 2017 and is headquartered in Tokyo, Japan, with 116 full-time employees. Pixie Dust Technologies aims to create and commercialize innovative personal care products and spatial materials by using mechanical biology and metamaterials combined with its core proprietary wave technology using sound waves and light waves.
Pixie Dust Technologies plans to raise up to $19 million through an initial public offering. The Tokyo-based company, Japan, plans to raise $19 million by issuing 2 million ADS shares at a price of $9 to $10. At the midpoint of the proposed range, Pixie Dust Technologies will reach $143 million in market capitalization. Pixie Dust plans to be listed on the NASDAQ under the ticker symbol PXDT. Boustead Securities is the sole bookkeeper for the deal.
III. Australian gym and fitness equipment retailer Fitell Corporation (FTEL) - 8.1 (2)
Fitell Corporation (NASDAQ: FTEL), founded in 2007 and headquartered in Taren Point, Australia, has 13 full-time employees, and is an online retailer of gyms and fitness equipment under its own brand and other brands.
Fitell recently plans to raise $15 million by issuing 3 million shares at a price of $4 to $6. Under the revised terms, Fitell will raise -25% less than previously anticipated, and the market capitalization will reach $56 million.
IV. SRM Entertainment (SRM), manufacturer of toys and souvenirs in theme parks and entertainment venues - 8.4 (5)
SRM Entertainment, Inc. (SRM) was founded in 1981 and is headquartered in Jupiter, Florida, USA, with 7 full-time employees. SRM is a trusted toy and souvenir designer and developer, and sells its products to the world's largest theme parks and entertainment venues.
SRM Entertainment recently plans to issue 1.3 million shares for $5 to raise $6 million. Under the revised terms, SRM Entertainment will raise 31% less than previously anticipated.
5. Agricultural technology and agricultural equipment manufacturers: Opti-Harvest, Inc. (OPHV) - 8.1 current week
Founded in 2016 and headquartered in Los Angeles, California, Opti-Harvest, Inc. (NASDAQ: OPHV) is an agricultural innovation company focused on using proprietary Opti-Filter ™️ light filtration and dispersion technology to accelerate the growth of high-value crops and maximize yield.
Opti-Harvest recently plans to issue 1.9 million shares at $4.15 to raise $8 million. Each share includes one common share and one warrants, which can be exercised at IPO prices.
These are the 5 companies that are about to IPO this week. I wish you all the best in your investments!
This article is not intended as a basis for investment or solicitation of any kind.