Microcap IPOs remain slow in October, with no new companies and three updated floats on the calendar for the next two weeks.
The slowdown occurs as investors watch national events warily, with another potential US government shutdown coming up in November amid dysfunction in Congress.
The companies on the calendar this week include an e-commerce logistics provider in Australia, New Zealand, and Hong Kong, a community-based e-commerce platform for travel and grocery in Indonesia and Singapore, and a technology company and mortgage company providing services to brokers, mortgage agents, brokerages, sub-brokers, and consumers.
Updated IPOs
Globavend Holdings (GVH) had an estimated IPO date of Oct. 4, aiming to raise around $8 million at a $68 million market cap. Now, the company has an estimated IPO date of Oct. 19 and still intends to raise about $8 million at a $68 million market cap.
WeBuy Global (WBUY) had an estimated IPO date of Sept. 29, intending to raise nearly $15 million at an almost $219 million market cap. Now, the company has an estimated IPO date of Oct. 13 and still aims to raise nearly $15 million at around a $219 million market cap.
Pineapple Foundation (PAPL) had an estimated IPO date of July 14, seeking to raise about $6 million at a nearly $38 million market cap. Now, the company has an estimated IPO date of Oct. 20 and still aims to raise about $4 million at about a $36 million market cap.
