Core Insights - Despite the government shutdown, IPO activity remained robust with six companies going public last week, including two direct listings [1][8] - The IPOs included companies from various sectors, such as technology, logistics, and professional services, with varying market capitalizations and performance on their first trading days [4][5] Group 1: IPO Activity - TechCreate Group (TCGL) priced its IPO at the lower end of the range, raising $10 million with a market cap of $80 million, focusing on real-time payment systems in Southeast Asia [1] - Republic Power Group (RPGL) also priced at the bottom of its range, raising $8 million with a market cap of $69 million, providing custom software development services [1] - Acco Group Holdings (ACCL) raised $6 million with a market cap of $56 million, primarily offering corporate secretarial and accounting services in Hong Kong and Singapore [2] - Smart Logistics Global (SLGB) raised $5 million with a market cap of $205 million, focusing on B2B logistics solutions in China [2] - Aptera Motors (SEV) completed a direct listing, focusing on solar electric vehicles, but saw a significant drop of 86% from its reference price [3] - OBOOK Holdings (OWLS) also completed a direct listing, focusing on blockchain solutions, and experienced a 295% increase from its reference price [3] Group 2: Upcoming Filings - Two companies submitted initial filings: Cardinal Infrastructure Group (CDNL) seeking $100 million and Gloo Holdings (GLOO) also seeking $100 million [5] - Nine SPACs filed for initial public offerings, with notable targets including technology, financial services, and sports sectors, seeking amounts ranging from $50 million to $260 million [6][7] Group 3: Market Trends - The SEC's new guidelines are expected to encourage more IPOs, with companies like Navan, Exzeo, and BETA Technologies planning to list in late October or early November [8]

Core Insights - Acco Group Holdings Ltd (卓远) successfully listed on NASDAQ under the ticker symbol ACCL on October 17, 2025, raising $5.6 million by issuing 1.4 million shares at an initial price of $4 per share [2][8] Group 1: Company Overview - Acco Group is a multi-sector enterprise service provider driven by information technology, focusing on company secretarial services and accounting services in Hong Kong, as well as intellectual property (IP) registration services in Singapore [6] - The service portfolio includes: 1. **Company Secretarial Services**: Ensures compliance with local laws and regulations, covering company registration, statutory record maintenance, and annual compliance [6] 2. **Accounting Services**: Tailored to meet the needs of Hong Kong enterprises, ensuring compliance with local accounting standards, including financial report preparation and tax calculations [7] 3. **Intellectual Property (IP) Registration Services**: Assists clients in enhancing and protecting their intellectual property, including trademark searches, applications, and renewals [8] Group 2: Market Performance - On the first trading day, Acco Group's stock closed at $4.05, a slight increase of 1.25%, with a market capitalization of approximately $56.295 million [8] - Key trading statistics include: - Opening price: $4.05 - Highest price: $4.45 - Lowest price: $4.00 - Trading volume: 2.5817 million shares - Price-to-earnings ratio (TTM): 48.19 - Price-to-book ratio: 32.95 - Earnings per share: $0.08 [9]

Group 1 - Acco Group Holdings Limited (卓远) has filed for an IPO with the SEC, aiming to list on NASDAQ under the ticker symbol ACCL, with a potential listing date of December 5, 2024 [1][3] - The company plans to issue 1.4 million shares at a price range of $4 to $6 per share, targeting to raise between $5.6 million and $8.4 million [3][4] - 卓远 is headquartered in Hong Kong and primarily provides corporate services, including company secretarial, accounting, and intellectual property registration services, with a significant portion of revenue expected from secretarial services in the second half of 2024 [3][4] Group 2 - For the six months ended December 31, 2024, 卓远 reported revenues of $2.612 million, a 24% increase from $2.107 million in the previous year, with a net income of $561,317, up 45.4% from $385,943 [4] - The company's gross profit for the same period was $1.127 million, reflecting a 19.5% increase compared to the previous year [4] - Operating income increased by 45.8% to $579,977, indicating strong operational performance [4] Group 3 - Caedryn Acquisition Corporation I has also filed for an IPO with the SEC, seeking to list on NASDAQ under the ticker symbol CAEAU [8] - The company plans to issue 6 million units at $10 each, aiming to raise $60 million, with each unit consisting of one share of common stock and a right to receive one-seventh of a share upon completion of a business combination [9] - Caedryn Acquisition I is a special purpose acquisition company (SPAC) based in Hong Kong, focusing on opportunities in artificial intelligence and fintech [9]

Core Viewpoint - Acco Group Holdings, a Hong Kong-based company, has filed for an IPO aiming to raise up to $7 million, with plans to list on NASDAQ under the ticker symbol ACCL [1][2]. Group 1: IPO Details - The company plans to issue 1.4 million shares at a price range of $4 to $6 per share, targeting a total fundraising of $7 million [2]. - Based on the midpoint of the proposed price range, Acco Group Holdings would have a fully diluted market capitalization of approximately $69.5 million [2]. Group 2: Business Operations - Acco Group Holdings provides corporate secretarial and accounting services in Hong Kong and intellectual property registration services in Singapore [2]. - As of December 31, 2024, the company has 2,902 active clients in Hong Kong and 210 active clients in Singapore, with the majority of its revenue coming from corporate secretarial services [2]. Group 3: Company Background - Founded in 2009, Acco Group Holdings is preparing for its public offering [2].