IPO Activity - JBDI Holdings (JBDI) raised $11 million at a $99 million market cap, pricing at the high end of its $4 to $5 range, with a first-day stock increase of 102% and a weekly gain of 147% [3] - Safe Pro Group (SPAI) completed a downsized IPO, raising $5 million at a $72 million market cap, but the stock ended the week down 15% [3] - Autozi Internet Tech (AZI) priced its $10 million IPO at the low end of its $4 range, debuting with a $420 million market cap, and the stock ended the week down 25% [4] - Two SPACs, GigCapital7 (GIGGU) and Black Spade Acquisition II (BSIIU), raised $200 million and $150 million, respectively [4] Upcoming IPOs - Cuprina Holdings (CUPR) is set to raise $15 million at an $87 million market cap, focusing on chronic wound management products [6] - Trident Digital Tech (TDTH) plans to raise $11 million at a $387 million market cap, providing business consulting and IT solutions to SMEs in Singapore [6] - Powell Max (PMAX) is scheduled to raise $8 million at a $74 million market cap, offering financial communication services in Hong Kong [6] Market Performance - As of August 29, 2024, the Renaissance IPO Index was up 10.1% year-to-date, while the S&P 500 was up 18.3% [7] - The Renaissance International IPO Index was down 3.3% year-to-date [7]
U.S. IPO Weekly Recap: Small Issuers Close Out August IPO Market