---
title: "US IPO Weekly Recap: 2 nano-caps list as more small names join the pipeline"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/218624477.md"
description: "This week saw two nano-cap IPOs debut, but they were too small to meet market cap requirements. Two SPACs also listed, with Bleichroeder Acquisition I and Newbury Street Acquisition II raising funds for TMT and entertainment sectors, respectively. Thumzup Media's Nasdaq uplisting raised $ million, finishing up 17%, while Gelteq's IPO fell 38%. Five IPOs and three SPACs from the Asia Pacific region submitted initial filings, targeting various sectors including marine fuel and blockchain."
datetime: "2024-11-01T21:58:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/218624477.md)
  - [en](https://longbridge.com/en/news/218624477.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/218624477.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/218624477.md) | [繁體中文](https://longbridge.com/zh-HK/news/218624477.md)


# US IPO Weekly Recap: 2 nano-caps list as more small names join the pipeline

Two nano-cap IPOs debuted this past week, but were both too small at pricing to make our market cap cut-off. Two SPACs also listed. Meanwhile, five small IPOs and three SPAC submitted initial filings.

Two blank check companies priced this week. **Bleichroeder Acquisition I** (BACQU) raised $250 million to target the TMT sector. **Newbury Street Acquisition II** (NTWOU), the second SPAC led by the former COO of Turner Sports, raised $150 million.

Social media branding app **Thumzup Media** (TZUP) priced its Nasdaq uplisting at the low end to raise $7 million at a $46 million market cap. The company's app is designed to connect advertisers with individuals who are willing to tell their friends about the advertisers' products. Thumzup Media finished the week up 17%.

**Gelteq** (GELS), an Australian developer of gel-based formulations of drugs, nutrients, and pet care products, priced its Nasdaq IPO below its proposed target to raise $5 million at a $38 million market cap. It finished the week down -38%.

Five IPOs submitted initial filings this past week, all hailing from the Asia Pacific region. Singapore-based marine fuel provider **Uni-Fuels** (UFG) filed to raise $14 million at a $149 million market cap. Singapore-based blockchain provider **GrowHub** (TGHL) filed to raise $12 million at a $109 million market cap. Japanese wi-fi device maker **PicoCELA** (PCLA) filed to raise $10 million at a $125 million market cap. China-based cross-border supply chain services provider **Transten Global** (TTG) filed to raise $10 million. Hong Kong-based cross-border supply chain services provider **Hong Kong Pharma** (HKPD) filed to raise $8 million at a $55 million market cap.

Three SPAC also submitted initial filings. **K&F Growth Acquisition II** (KFIIU) filed to raise $250 million to target entertainment. **Archimedes Tech SPAC II** (ATIIU) filed to raise $200 million to target AI, cloud services, and automotive tech. **Cantor Equity Partners I** (CEPO), the tenth blank check company formed by Cantor Fitzgerald, filed to raise $200 million.

### Related Stocks

- [Newbury Street Acquisition Corporation (NBST.US)](https://longbridge.com/en/quote/NBST.US.md)
- [Thumzup Media Corporation (TZUP.US)](https://longbridge.com/en/quote/TZUP.US.md)

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