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PicoCELA Priced, Nasdaq: PCLA

Japanese maker of mesh Wi-Fi access point devices.

Industry: Technology

Latest Trade: $8.60 0.00 (0.0%)

First Day Return: -29.0%

Return from IPO: +115.0%

We are engaged in the manufacturing, installation, and services for enterprise wireless mesh solutions. We derive our revenues mainly from two sources: (1) sales of product equipment, and (2) SaaS, maintenance and others. Under the first revenue source, we develop mesh Wi-Fi access point devices, PCWL series, adopting our proprietary patented wireless mesh communication technology software PicoCELA Backhaul Engine (“PBE”), which enables wireless Wi-Fi and mesh communication by linking a chain of multiple wireless Wi-Fi access points by radio communication not by cabling. We outsource the manufacturing of PCWL series, our mesh Wi-Fi access point devices incorporating the technology, and sell PCWL series both through distributors and to end customers directly. Under the second revenue source, we provide a cloud portal service in a SaaS model, which enables users to monitor connectivity and communication traffic at each of our mesh Wi-Fi access points. Our cloud portal service also serves as a platform for customers to install their proprietary edge-computing software into our mesh Wi-Fi access point devices. We also license our patented wireless mesh technology to third-party manufacturers which utilize our wireless mesh technology. Please see further details in Business starting at page 47 of this prospectus.
IPO Data
IPO Date 01/15/2025
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 1.8
Deal Size ($mm) $7
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Benjamin Securities
Prime Number Capital
Company Data
Headquarters Tokyo, Japan
Founded 2008
Employees at IPO 59
Website picocela.com/en

PicoCELA (PCLA) Performance

Created with Highcharts 10.3.2Chart context menuPCLA vs. IPO Index (IPOUSA)16. Jan20. Jan22. Jan26. Jan28. Jan30. Jan3. Feb5. Feb9. Feb11. Feb13. Feb17. Feb19. Feb21. Feb0%+ 100%-100%+ 200%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexPCLAOur ETF tracks the IPO Index