Group 1 - The U.S. IPO market saw two small IPOs and three SPACs listed last week, with five IPOs and four SPACs filing initial applications [1][2] - Off The Hook YS (OTH) priced its reduced IPO at the lower end of the range, raising $15 million with a market cap of $95 million, but its stock fell by 8% [1] - Phaos Technology (POAS) also priced its IPO at the lower end, raising $14 million with a market cap of $114 million, and its stock remained flat [1] Group 2 - Three SPACs completed pricing last week: Alussa Energy Acquisition II (ALUB.U) raised $250 million targeting energy and power infrastructure, Evolution Global Acquisition (EVOXU) raised $210 million focusing on critical minerals, and Blueport Acquisition (BPACU) raised $50 million [2] - Five companies filed for IPOs last week, including Klook (KLK) seeking $400 million, Grayscale (GRAY) aiming for $100 million, and Reed's (REED) targeting $10 million [2][4] Group 3 - Upcoming IPOs include Central Bancompany (CBC) planning to raise $400 million with a market cap of $5.365 billion, and Gloo Holdings (GLOO) aiming for $100 million with a market cap of $801 million [5][7] - Regentis Biomaterials (RGNT) plans to raise $11 million with a market cap of $62 million, focusing on a hydrogel implant for knee cartilage pain [6][7]

Core Insights - The tourism market during the "May Day" holiday in 2025 is experiencing a significant increase in activity, with the National Railway Group expecting to transport 144 million passengers over the 8-day period, representing a year-on-year growth of 4.9% [1] - To accommodate the peak travel demand, the National Railway Group plans to operate an average of over 12,000 passenger trains daily, utilizing measures such as train doubling and night high-speed trains to enhance capacity [1] - Data from Ctrip indicates that the distance of travel for tourists has notably extended, with over 80% of accommodation bookings being for intercity stays during the "May Day" period [1] - Tuniu's data shows a remarkable increase in group booking numbers, with a 220% week-on-week growth in reservations for the "May Day" holiday [1]