The microcap IPO flow continues strong into September, with eight companies on this week’s calendar.
Investors are expecting rates to remain unchanged and are watching for policymakers’ economic predictions at the Federal Open Market Committee on Wednesday.
The eight companies on the calendar include a Hong Kong organic food retailer, a Singapore agricultural commodity trading company, a digital marketer and content producer, a Pakistan esports gaming platform, a Tokyo luxury home developer, a Los Angeles Asian grocery retailer, a 3D printer manufacturer and retailer, and a cardiovascular health device developer.
Hong Kong Organic Food Retailer
Healthy Green Group Holding (GDD) has an estimated IPO date of Sept. 22 and is seeking to raise $13 million at about a $74 million market cap. Founded in 1999 and based in Hong Kong, the company operates a chain of organic food retail stores in Hong Kong under the Greendotdot brand, all located in areas with high pedestrian traffic.
Healthy Green Group opened its first store in 1999 and now has 22 stores offering over 600 products sourced from a network of 134 suppliers. The company booked $21 million in sales for the year ended Dec. 31, 2022. The sole bookrunner on this deal is EF Hutton.
Updated IPOs
Davis Commodities (DTCK) had an estimated IPO date of Sept. 13, intending to raise $4.6 million at an around $103 million market cap. Now, the company has an estimated IPO date of Sept. 19 and is still seeking to raise $4.6 million at about a $103 million market cap.
Global Mofy Metaverse (GMM) had an estimated IPO date of April 5, intending to raise $6 million with a $135 million market cap. The company now has an estimated IPO date of Sept. 21, still aiming to raise $6 million at about a $135 million market cap.
Gamer Pakistan (GPAK) had estimated IPO dates of Aug. 10, Aug. 23, Sept. 6, Sept. 8, and Sept. 14, seeking to raise almost $8 million at about a $115 million market cap. Now, the company has an estimated IPO date of Sept. 21, still aiming to raise nearly $8 million at around a $115 million market cap.
Lead Real Estate (LRE) had estimated IPO dates of Sept. 8 and Sept. 15, seeking to raise about $9 million at around a $109 million market cap. Now, the company has an estimated IPO date of Sept. 22 and still aims to raise around $9 million at about a $109 million market cap.
Maison Solutions (MSS) had estimated IPO dates of June 14, July 14, Aug. 15, Aug. 24, Aug. 21, Sept. 8, and Sept. 15, intending to raise $15 million at a $79 million market cap. Now, the company has an estimated IPO date of Sept. 22 and still seeks to raise $15 million at a $79 million market cap.
XJet (XJET) had an estimated IPO date of June 28, looking to raise $10 million at almost a $99 million market cap. Now, the company has an estimated IPO date of Sept. 22 and seeks to raise nearly $6.5 million at an almost $77 million market cap.
CardieX (CDEX) had an estimated IPO date of Sept. 14 and is looking to raise about $10 million at about a $28 million market cap. Now, the company has an estimated IPO date of Sept. 22 and is still seeking to raise around $10 million at a nearly $28 million market cap.
