Some small IPOs are tentatively scheduled for the short holiday week ahead.
Dubai-based robotics developer Micropolis Holdings (MCRP) plans to raise $23 million at a $158 million market cap. Micropolis specializes in autonomous mobile robots that utilize wheeled electric vehicle platforms and are equipped with autonomous driving capabilities. The company has earned minimal revenues to date.
Inflammation biotech Apimeds Pharmaceuticals US (APUS) plans to raise $20 million at a $58 million market cap. The company is developing Apitox, an intradermally administered bee venom-based toxin, to treat inflammation and pain management symptoms associated with knee osteoarthritis.
Network software firm FatPipe (FATN) plans to raise $5 million at a $93 million market cap. FatPipe provides enterprise-class, application-aware, secure software-defined wide area network (SD-WAN) solutions for various organizations. The company primarily serves customers in the US and India.
| U.S. IPO Calendar | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | Price Range Shares Filed | Top Bookrunners |
| Apimeds Pharmaceuticals (APUS) Hopewell, NJ | $20M $58M | $4 - $5 4,500,000 | D. Boral Capital |
| Clinical stage biotech developing bee venom-based treatment for inflammation. | |||
| FatPipe (FATN) Salt Lake City, UT | $5M $93M | $5.75 - $7.75 740,740 | D. Boral Capital |
| Provides network software solutions for enterprises. | |||
| Micropolis Holding (MCRP) Dubai, United Arab Emirates | $23M $158M | $4 - $5 5,000,000 | Network 1 |
| Dubai-based developer of autonomous mobile robots and related software. | |||
Street research is expected for seven companies in the week ahead, and two lock-up periods will be expiring. For access to Street research and lock-up expiration dates, sign up for a free trial of IPO Pro.
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 2/13/2025, the Renaissance IPO Index was up 7.0% year-to-date, while the S&P 500 was up 4.1%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Arm Holdings (ARM) and Kenvue (KVUE). The Renaissance International IPO Index was up 5.8% year-to-date, while the ACWX was up 6.4%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and Porsche.
