The microcap flow continues steadily into November, with five companies on the calendar this week.
The businesses include a physician-dispensed skincare company, a public water infrastructure company, a student sports recruiting platform, a food product and recipe-sharing platform in China, and a company that provides electric vehicles on demand to commercial buildings, luxury hotels, and apartments.
Stem Cell Skin Care
Elevai Labs (ELAB) has an estimated IPO date of Nov. 14, intending to raise $7.5 million at about an $87 million market cap. Founded in 2020 and based in the United States, the company is a physician-dispensed skincare business using patent-pending stem cell processing technology for products targeting the neck, face, and upper chest.
Elevai Labs booked $1 million in revenue for the year ended June 30. The sole bookrunner on this deal is Univest Securities.
Food Products and Recipe Sharing in China
DDC Enterprise (DDC) has an estimated IPO date of Nov. 17, intending to raise about $45 million at around a $203 million market cap. Founded in 2012 and based in Hong Kong, the company, also known as DayDayCook, operates a recipe-sharing platform and sells food products in China.
DDC Enterprise booked $28 million in revenue for the year ended June 30. The joint bookrunners on this deal are CMB International Capital, The Benchmark Company, and Maxim Group LLC.
Updated IPOs
Signing Day Sports (SDA) filed for an IPO on May 15, aiming to raise almost $19 million at an $81 million market cap. Now, the company has an estimated IPO date of Nov. 14, seeking to raise $7.5 million at about a $70 million market cap.
Shimmick Corporation (SHIM) had estimated IPO dates of Nov. 3 and 8, seeking to raise about $50 million at a $291 million market cap. Now, the company has an estimated IPO date of Nov. 15, still intending to raise around $50 million at around a $291 million market cap.
EV Mobility (EVMO) had an estimated IPO date of Nov. 10, intending to raise almost $9 million at a nearly $59 million market cap. Now, the company has an estimated IPO date of Nov. 17 and is still seeking to raise about $9 million at around a $59 million market cap.
