U.S. IPO Weekly Recap: Microcap Makes Volatile Debut To Close Out February

   2024-03-02 06:03

Large yellow signboard on metal frame with the word IPO


Only one small IPO debuted this past week.

Solar energy company SolarMax Technology (SMXT) raised $18 million at a $178 million market cap. It primarily sells and installs LED lighting and retrofitting services, as well as integrated photovoltaic systems in the

U.S. IPO Calendar
Issuer Business Deal Size Market Cap Price Range Shares Filed Top Bookrunners

Amphitrite Digital (AMDI)

St. Thomas, U.S. Virgin Islands



$3.50 – $4.50


Kingswood Cap. Mkts.

Provides maritime tours and activities in the continental US and US Virgin Islands.

Intelligent Group (INTJ)

Hong Kong, China



$4 – $5


WestPark Capital
Provides financial public relations consulting in Hong Kong.

CDT Environmental (CDTG)

Shenzhen, China



$4 – $5


WestPark Capital
Provides sewage treatment systems and services in China.


New York, NY





WestPark Capital EF Hutton
Provides an advertising marketplace and contract management platform.

Ryde (RYDE)



$4 – $5


Operates a ride-hailing app in Singapore.

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