151457805 wrote a post · Oct 22, 2024 23:36

This week's US stocks IPO preview: 11 companies will be listed, focusing on Ingram Micro(INGM).

At the time of writing this week, a total of 7 companies have announced the IPO listing time (which may still be postponed or terminated), in addition, there are 6 companies expected to go public this week, but the specific dates are not yet confirmed, with a lot of uncertainties. Among the companies going public this week, most are still small companies, except for Ingram Micro Holdings Inc.(NYSE:INGM). $Ingram Micro (INGM.US)$ The editor believes it is worth paying attention to, as it is a leading provider of solutions in the global IT ecosystem revenue.

For more details on new stocks, you can follow US Stock Home (https://www.mg21.com/ipos) for information, and for new stock updates, you can follow the WeChat Official Account: US Hong Kong Stock Encyclopedia (mggbkqs).

The following provides an introduction one by one.

I. Companies listed on 10/22/2024 (Tuesday)

Chinese factory system supplier: HUHUTECH (HUHU)

This week's US stocks IPO preview: 11 companies will be listed, focusing on Ingram Micro(INGM).

Huhu Technology International Group (NASDAQ: HUHU) $HUHUTECH International (HUHU.US)$ Founded in 2015, headquartered in Wuxi, China, with a total of 74 full-time employees, the company designs and provides customized high-purity gas and chemicals production systems and equipment through its subsidiaries HUHU China and HUHU Japan.

HUHU Technology company plans to issue 1.3 million shares of stock in a price range of 4 US dollars per share, raising 5.2 million US dollars. At the midpoint of the proposed range, HUHUTECH International Group's market cap will reach 0.106 billion US dollars. HUHUTECH Technology company plans to list on the NASDAQ with stock symbol HUHU. Craft Capital Management is the sole bookrunner for this transaction.

2. On 23/10/2024 (Wednesday), the listed company

1. USA Online Gambling Platform: High Roller Technologies, Inc. (ROLR)

High Roller Technologies, Inc. (AMEX: ROLR) $High Roller Technologies (ROLR.US)$ Founded in 2021, headquartered in Las Vegas, Nevada, USA, with 62 full-time employees, High Roller Technologies is a continuously growing, growth-oriented global online gambling (online Casino platform) operator.

High Roller Technologies plans to issue 1.3 million shares of stock at a proposed price of $8 per share, raising $10 million, 26% less than previously expected, with a market cap of $68 million. The company plans to list on AMEX with the stock code ROLR. ThinkEquity is the sole underwriter for this transaction.

2. Singapore Auto Parts Distributor: SAG Holdings Ltd. (SAG)

SAG Holdings Limited (NASDAQ:SAG) $SAG Holdings (SAG.US)$ Founded in 1975, headquartered in Singapore, with 116 full-time employees, SAG Holdings is engaged in the distribution business of automotive and industrial components, with its main operations in Singapore and global sales primarily coming from the Middle East and Malaysia. SAG Holdings' business includes servicing both on-road and off-road sectors of the automotive industry (primarily serving marine, energy, mining, construction, agriculture, as well as oil & gas industries).

SAG Holdings Ltd's latest plan is to issue 1 million shares of stocks at a price of $8 per share, raising $8 million, exceeding the previous expectations by 14%, and the market cap will reach $80 million. Wilson-Davis & Co. and Dominari Securities are the joint book managers for this transaction.

3. Consumer Health Care, Beauty, and Lifestyle Products Company: Synergy CHC (SNYR)

Synergy CHC Corp (NASDAQ:SNYR) $Synergy CHC (SNYR.US)$ Founded in 2010, headquartered in Westbrook, Maine, USA, with 39 full-time employees, is a supplier of consumer healthcare, beauty, and lifestyle products.

Synergy CHC Company plans to issue 1 million shares of stocks in the price range of $9 to $11, raising $10 million. At the midpoint of the proposed range, Synergy CHC's fully diluted market cap will reach $86 million. The company plans to list on Nasdaq with the stock code SNYR. Roth Capital is the sole underwriter for this transaction.

4. Chinese Commercial Kitchen Equipment Design Manufacturer: Wuxi Libang Kitchenware Li Bang International (LBGJ)

Li Bang International Corporation, Inc. (NASDAQ: LBGJ) $Li Bang International (LBGJ.US)$ Founded in 1992, headquartered in Jiangyin, Jiangsu Province, China, with 139 full-time employees, Li Bang International Corporation is engaged in the design, research and development, production, installation, and maintenance of commercial kitchen equipment through its Chinese operating entity Wuxi Libang Kitchenware Co., Ltd.

Chinese commercial kitchen equipment manufacturer Li Bang International has reduced the proposed deal size for its upcoming initial public offering. This company, based in Jiangyin, China, now plans to issue 1.6 million shares of stocks in the price range of $5 to $6, raising $9 million, 65% less than previously expected. The company plans to list on Nasdaq with the stock code LBGJ. WestPark Capital is the sole underwriter for this transaction.

5. China's Largest Digital Textbook Platform: Jinxin Technology (NAMI)

Jinxin Technology Holding (NASDAQ: NAMI) was founded in June 2014, headquartered in Shanghai, China, with 112 full-time employees. It is a company that provides digital textbooks and educational content platform for K-9 students in China. Nano Box has digitized 383 textbooks from 21 publishers.

Jinxin Technology Holding announced plans to raise $8 million by issuing 1.9 million American Depositary Shares (ADS) with a price range of $4 to $5. Based on the midpoint of the proposed range, Jinxin Technology's market cap will reach $0.291 billion. The IPO float will only account for 2.9% of the issued basic shares. EF Hutton is the exclusive underwriter.

6. Malaysian cable manufacturer: Linkers Industries (LNKS)

Linkers Industries (NASDAQ: LNKS) $Linkers Industries (LNKS.US)$ Founded in 1995, headquartered in Sungai Petani, Malaysia, with 222 full-time employees, Linkers Industries is a manufacturer and supplier of wires/cable harnesses. Through its subsidiary operations, the company's manufacturing business is located in Malaysia and has over 20 years of experience in the wires/cable harness industry.

Linkers Industries plans to issue 2.2 million shares at a price range of $4 to $6, raising $11 million. Based on the midpoint of the proposed range, Linkers Industries' market cap will be $67 million. Revere Securities and R.F. Lafferty & Co. are joint underwriters.

7. Australian oral drug delivery system developer: Gelteq (GELS)

Gelteq Pty Ltd (NASDAQ: GELS) was founded in 2018, headquartered in Melbourne, Australia, is a clinically and scientifically established company registered in Australia. It focuses on developing and commercializing white-label gel delivery solutions for prescription drugs, health foods, pet care, and other products.

Gelteq Pty Ltd announced plans to go public at an IPO price of $5, issuing 1.3 million shares to raise $6.5 million. Gelteq plans to be listed on Nasdaq under the stock code GELS. The Benchmark Company is the exclusive underwriter.

III. Listed Companies on October 24, 2024 (Thursday)

The world's largest IT distributor: Ingram Micro Holdings (INGM)

Ingram Micro Holdings Inc. (NYSE: INGM) was founded in 1979, headquartered in Santa Ana, California, USA, with 26,150 full-time employees. Ingram is the leading provider of revenue in the global IT ecosystem, dedicated to supporting leading technology brands worldwide.

Ingram Micro Holdings announced plans to raise $0.4 billion by issuing 18.6 million shares of stock, with a price range of $20 to $23 per share. Capital World Investors has expressed interest in subscribing to $70 million of the IPO (18% of the offering). Based on the proposed price range midpoint, Ingram Micro Holding's fully diluted market cap will reach $5.1 billion. Morgan Stanley, Goldman Sachs, JP Morgan Chase, Bank of America Securities, Deutsche Bank, Evercore ISI, Jefferies, and RBC Capital Markets are the joint underwriters for this transaction.

IV. Listed Companies on October 25, 2024 (Friday)

1. Peak Resources LP (PRB), a US oil and gas producer

Peak Resources LP(AMEX:PRB) $Peak Resources (PRB.US)$ Established in 2011, headquartered in Durango, Colorado, USA, with 26 full-time employees, Peak Resources LP is an independent limited partnership corporation recently established to hold investments in oil & gas businesses and assets owned by certain investment partnerships, management, and other investors unrelated to Yorktown or management.

Peak Resources announced plans to issue 4.7 million shares at a price range of $13 to $15 per share, raising $66 million. Based on the midpoint of the proposed range, Peak Resources LP's fully diluted market cap will reach $0.2086 billion. Janney Montgomery Scott, Roth Capital, and TCBI Securities are the joint underwriters.

2. Hong Kong accounting and corporate consulting services company: ALE Group (ALEH)

ALE Group Holding Limited (NASDAQ: ALEH) was founded in 2014, headquartered in Tsim Sha Tsui, Hong Kong, with 7 full-time employees. It is a holding company registered in the British Virgin Islands, where all business operations are conducted by its wholly-owned subsidiary ALE Corporate Services Ltd (ALECS) in Hong Kong. $ALE Group Holding (ALEH.US)$ Founded in 2014, headquartered in Tsim Sha Tsui, Hong Kong, with 7 full-time employees, ALE Group Holding Limited is a holding company registered in the British Virgin Islands. All of the company's business is carried out in Hong Kong by its wholly-owned subsidiary, ALE Corporate Services Ltd (ALECS).

On May 5, 2023, ALE Group Holding Limited plans to IPO on NASDAQ on 5/11/2023, with an issuance price of $4.00 - $6.00, issuing 1.3 million shares, raising $6.3 million, exclusively underwritten by Prime Number Capital.

This article is not intended as investment advice. Best wishes for successful investments!

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