The strong microcap flow should continue through the end of the month into September.
Eight companies are on the calendar, including forestry, video games, robotic cleaning, esporting events, specialty groceries, a holding company, veterinary hospitals, and oil and gas exploration.
Forestry and Lumber Products
Nature Wood Group (NWGL) had an estimated IPO date of Aug. 18, aiming to raise about $9 million at a nearly $167 million market cap. Now the company has an estimated IPO date of Founded in 2008 and based in Macau, Nature Wood Group is a vertically-integrated forestry company with FSC business operations such as upstream forest management and harvesting and downstream wood processing and distribution.
The company offers logs, flooring, decking, sawn lumbers, charcoal products, and essential oils in North America, South America, Europe, South Asia, and China. Nature Wood Group also owns cutting rights for timber and forest concessions in Peru and works with local forest owners to hold timber auctions in France. The company booked $55 million in revenue for the year ended Dec. 31. Prime Number Capital and Orientiert XYZ are the joint bookrunners on this deal.
A Royal Video Game in Development
The RoyaLand Company has an estimated IPO date of Aug. 21 and intends to raise almost $7 million at a nearly $82 million market cap. Founded in 2022 and based in Bermuda, The RoyaLand Company is a video game creator developing a royalty-themed video game involving interactive role-playing.
The cost to ready the video game is around $3 to $5 million for a beta version release. The sole bookrunner on this deal is Revere Securities.
Keeping Robotics Simpple
Simpple (SPPL) had an estimated IPO date of Aug. 18 and intended to raise almost $9 million at about an $89 million market cap. Now Simpple has an estimated IPO date of Aug. 22 and seeks to raise just over $9 million at about a $92 million market cap. Founded in 2016 and based in Singapore, the company provides an ecosystem solution for Singapore facilities management using software and robotic cleaning equipment.
By 2021, the ecosystem had been adopted by 7 of 29 hospitals, 209 of 432 schools, and 4 of 6 autonomous Singapore universities. Simpple booked $5 million in sales for the year ended Dec. 21, 2022. The sole bookrunner on this deal is Maxim Group.
Esporting Events in Pakistan
Gamer Pakistan (GPAK) had an estimated IPO date of Aug. 10, and now Aug. 23, seeking to raise almost $8 million at about a $115 million market cap. Founded in 2021 and based in the United States, Gamer Pakistan is a development-stage interactive esports event promotion and product marketing company creating professional, college, and inter-university esports events for Pakistan teams.
The company offers men’s and women’s team events and has not generated any revenues to date. The sole bookrunner on this deal is WestPark Capital.
Asian Offerings in Los Angeles
Maison Solutions (MSS) had original estimated IPO dates of June 14, July 14, and Aug. 15, seeking to raise $15 million at a $79 million market cap. The company now has an estimated IPO date of Aug. 24 and still intends to raise $15 million at a $79 million market cap. Founded in 2019 and based in the United States, Maison Solutions is a specialty grocery retailer in California providing traditional Asian food and merchandise.
The company has four Los Angeles locations and plans for satellite stores, including an Alhambra location. The company booked $52 million in sales for the year ended Jan. 31. The sole bookrunner on this deal is Joseph Stone Capital.
Hong Kong Brokerage
Solowin Holdings (SWIN) had an estimated IPO date of Aug. 11, then Aug. 16, aiming to raise almost $13 million at a nearly $73 million market cap. Now the company has an estimated IPO date of Aug. 24 and still intends to raise close to $13 million at about a $73 million market cap. Founded in 2018 and based in Hong Kong, Solowin Holdings is a holding company. It operates primarily through its wholly-owned subsidiary, Solomon JFZ, a Hong Kong securities brokerage offering products and services via an electronic platform with over 20,000 users.
Most of the company’s clients are institutions in Hong Kong and Chinese investors residing in Asia. Solowin Holdings booked $4 million in revenue for the year ended March 31. EF Hutton is the sole bookrunner on this deal.
Inspired Veterinary Partners Slates Float and Expansion
Inspire Veterinary Partners has an estimated IPO date of Sept. 1 and seeks to raise $8 million at a nearly $31 million market cap. Founded in 2020 and based in the United States, the company owns and operates veterinary hospitals nationwide.
Inspire Veterinary Partners has thirteen veterinary hospitals located in nine states. The company has an emphasis on dogs and cats and is starting to offer additional services with expansion, including critical care and mixed animal facilities. Inspire Veterinary Partners booked $13 million in revenue for the year ended March 31. Spartan Capital Securities and Titan Partners are the joint bookrunners on this deal.
Oil Exploration in Africa
Elephant Oil (ELEP) had an estimated IPO date of Aug. 15, seeking to raise $7.5 million at about a $66 million market cap. Now the company has an estimated IPO date of Sept. 6 and still aims to raise about $7.5 million at about a $66 million market cap. Founded in 2013 and based in the United States, the company is an independent oil and gas exploration stage enterprise focused on under-explored African regions.
Elephant Oil has exploration licenses in Namibia and the Republic of Benin. The company has not drilled any wells or generated revenue. Spartan Capital Securities is the sole bookrunner on this deal.
