The microcap IPO flow is more of a trickle in the first week of 2024 with just two companies on the calendar.
However, recent reports reveal an optimistic outlook for 2024, with predictions that the S&P 500 would jump by nearly 25% to reach between 4,750 and 4,800 by year-end.
This week the floats include a holding company incorporated in the Cayman Islands with operations in China for an automotive mold developer and supplier, and a social good organization providing a free care communication platform offering low-cost patient education resources from nonprofit, government, and commercial organizations.
Mingteng International (MTEN) has an estimated IPO date of Dec. 29, intending to raise around $11 million at a $35 million market cap. Now, the company has an estimated IPO date of Jan. 2 and is still seeking to raise $11 million at the $35 million cap.
Docola (DOCO) had estimated IPO dates of Nov. 21, Dec. 5, Dec. 20, and Dec. 27, aiming to raise nearly $7 million at about a $31 million market cap. Now, the company has an estimated IPO date of Jan. 5 and still intends to raise almost $7 million at the same market cap.
