Tag

Underwriters

All articles tagged with #underwriters

finance1 year ago•9 min saved

"From Wolves to Winners: The IPO Journey of 2023"

Small companies like Jin Medical are increasingly choosing initial public offerings over reverse mergers, egged on by a growing group of penny-stock underwriters, brokers, and day traders. The number of penny-stock IPOs has skyrocketed since 2021, with 47 such IPOs in 2023 and a total of 120 from 2021 through 2023. Webull, a diy investor-friendly brokerage, is actively promoting penny stock IPOs, many of which are operating in Asia. However, the risks of manipulation and extreme volatility in thinly-traded microcaps are high, and retail investors' history of investing in penny stock IPOs has not been good.

via Forbes|

#china #finance #ipos

business2 years ago•0 min saved

"Nikola's Stock Plunges 16% as Company Announces Equity and Debt Raises"

Nikola Corp's stock dropped over 16% after the electric vehicle company announced plans to raise $100 million through a stock offering and $200 million through convertible notes. The proceeds will be used for working capital, general corporate purposes, and financing or investing in its projects.

via MarketWatch|

#business #convertible-notes #ev-company

finance2 years ago•4 min saved

Meta Materials' Recovery Prospects Boosted by Underwritten Public Offering Pricing.

Meta Materials has priced an underwritten public offering of 83,333,334 shares of its common stock and warrants to purchase up to an aggregate of 83,333,334 shares of common stock at a combined public offering price of $0.30 per share and accompanying warrant. The gross proceeds of the offering are expected to be approximately $25 million before deducting the underwriting discount and estimated offering expenses payable by META, assuming no exercise of the underwriters' overallotment option. META intends to use the net proceeds from the offering for working capital and general corporate purposes.

via Yahoo Finance|

#common-stock #finance #meta-materials