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ICG News

US IPO Weekly Recap: Two small deals begin trading as big IPOs wait in the wings

RPET

Two small issuers began trading this past week, one of which is eligible for inclusion in our IPO stats, joined by one blank check IPO. Three small IPOs and one SPAC submitted initial filings. Though there were no large launches or pricings, three issuers on...read more

Chinese chip designer Intchains Group prices downsized US IPO at $8 midpoint

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Intchains Group, a China-based fabless designer of ASIC chips for blockchain applications, raised $8 million by offering 1 million ADSs at $8, within the range of $7 to $9. The company offered 0.3 million fewer ADSs than anticipated. It originally planned to...read more

US IPO Week Ahead: March IPO market set to kick off with micro-cap madness

SJA

With no large post-Presidents’ Day launches this past week, six small companies are scheduled to list in the week ahead. Micro-caps have remained fairly active so far this year despite increased scrutiny from regulators, and should continue to boost deal...read more

Chinese chip designer Intchains Group cuts ADS offering by 65% ahead of $10 million US IPO

Intchains Group logo

Intchains Group, a China-based fabless designer of ASIC chips for blockchain applications, lowered the proposed deal size for its upcoming IPO on Wednesday. The Shanghai, China-based company now plans to raise $10 million by offering 1.3 million ADSs at a price...read more