This week's US stock IPO preview: 11 companies to go public, focus on Ingram Micro (INGM)

As of the time of writing this week, a total of 7 companies have announced confirmed IPO listing dates (subject to possible delays or cancellations), with an additional 6 companies expected to list this week but without fixed dates, leaving more uncertainty. Among this week's upcoming IPOs, most are still micro-cap companies, with the exception of Ingram Micro Holdings Inc. $Ingram Micro(INGM.US) $Ingram Micro(INGM.US), which we believe is worth watching as a leading global IT ecosystem revenue solutions provider.

Detailed information on new listings can be found at US Stock Home (https://www.mg21.com/ipos), and updates can be followed via the WeChat public account: Encyclopedia of US & HK Stocks (mggbkqs).

Below is a detailed introduction.

1. Listings on 10/22/2024 (Tuesday)

Chinese Factory Systems Provider: Huhu Tech HUHUTECH (HUHU)

Huhu Tech International Group $Huhutech(HUHU.US), founded in 2015 and headquartered in Wuxi, China, employs 74 full-time staff. Through its subsidiaries HUHU China and HUHU Japan, the company designs and provides customized high-purity gas and chemical production systems and equipment.

Huhu Tech plans to issue 1.3 million shares at a price range of $4, raising $5.2 million. At the midpoint of the proposed range, Huhu Tech International Group's market cap would reach $106 million. The company plans to list on Nasdaq under the ticker HUHU. Craft Capital Management is the sole bookrunner for the deal.

2. Listings on 10/23/2024 (Wednesday)

1. US Online Casino Platform: High Roller Technologies, Inc. (ROLR)

High Roller Technologies, Inc. (AMEX:ROLR), founded in 2021 and headquartered in Las Vegas, Nevada, employs 62 full-time staff. The company is a rapidly growing, growth-oriented global online gambling (online casino platform) operator.

High Roller Technologies recently revised its plan to issue 1.3 million shares at $8 per share, raising $10 million (26% less than previously expected), with a market cap of $68 million. The company plans to list on the NYSE American under ticker ROLR. ThinkEquity is the sole underwriter.

2. Singapore Auto Parts Distributor: SAG Holdings Ltd. (SAG)

SAG Holdings Limited $SAG(SAG.US), founded in 1975 and headquartered in Singapore, employs 116 full-time staff. The company distributes automotive and industrial parts, primarily in Singapore, with global sales focused on the Middle East and Malaysia. Its business covers both automotive (road) and non-road sectors (serving marine, energy, mining, construction, agriculture, and oil & gas industries).

SAG Holdings Ltd. plans to issue 1 million shares at $8 per share, raising $8 million (14% higher than previously expected), with a market cap of $80 million. Wilson-Davis & Co. and Dominari Securities are joint bookrunners.

3. Consumer Health, Beauty & Lifestyle Products Co.: Synergy CHC (SNYR)

Synergy CHC Corp $Synergy CHC(SNYR.US), founded in 2010 and headquartered in Westbrook, Maine, employs 39 full-time staff. The company supplies consumer health, beauty, and lifestyle products.

Synergy CHC plans to issue 1 million shares at $9–$11 per share, raising $10 million. At the midpoint, its fully diluted market cap would be $86 million. The company plans to list on Nasdaq under ticker SNYR. Roth Capital is the sole underwriter.

4. Chinese Commercial Kitchen Equipment Designer/Manufacturer: Wuxi Libang Kitchenware Li Bang International (LBGJ)

Li Bang International Corporation, Inc. $Li Bang(LBGJ.US), founded in 1992 and headquartered in Jiangyin, Jiangsu, China, employs 139 full-time staff. Through its Chinese operating entity Wuxi Libang Kitchenware Co., Ltd., it designs, develops, manufactures, installs, and maintains commercial kitchen equipment.

On Tuesday, Li Bang International reduced the proposed size of its upcoming IPO. The Jiangyin-based company now plans to issue 1.6 million shares at $5–$6 per share, raising $9 million (65% less than previously expected). It plans to list on Nasdaq under ticker LBGJ. WestPark Capital is the sole underwriter.

5. China’s Largest Digital Textbook Platform: Jinxin Technology (NAMI)

Jinxin Technology Holding $Jinxin Tech(NAMI.US), founded in June 2014 and headquartered in Shanghai, employs 112 full-time staff. The company operates a digital textbook and educational content platform for K-9 students in China, having digitized 383 textbooks from 21 publishers.

Jinxin Technology Holding plans to raise $8 million by issuing 1.9 million ADS at $4–$5 per share. At the midpoint, its market cap would be $291 million, with IPO float at just 2.9% of outstanding shares. EF Hutton is the sole underwriter.

6. Malaysian Cable Manufacturer: Linkers Industries (LNKS)

Linkers Industries $LINKERS INDUSTRIES LIMITED(LNKS.US), founded in 1995 and headquartered in Sungai Petani, Malaysia, employs 222 full-time staff. Through subsidiaries, it manufactures and supplies wire/cable harnesses, with over 20 years of industry experience.

Linkers Industries plans to issue 2.2 million shares at $4–$6 per share, raising $11 million. At the midpoint, its market cap would be $67 million. Revere Securities and R.F. Lafferty & Co. are joint underwriters.

7. Australian Oral Drug Delivery System Developer: Gelteq (GELS)

Gelteq Pty Ltd $Gelteq(GELS.US), founded in 2018 and headquartered in Melbourne, Australia, is a clinical/science company focused on developing and commercializing white-label gel delivery solutions for prescription drugs, nutraceuticals, pet care, and other products.

Gelteq Pty Ltd plans to raise $6.5 million by issuing 1.3 million shares at $5 per share. It will list on Nasdaq under ticker GELS, with The Benchmark Company as sole underwriter.

3. Listings on 10/24/2024 (Thursday)

World’s Largest IT Distributor: Ingram Micro Holdings (INGM)

Ingram Micro Holdings Inc. $Ingram Micro(INGM.US), founded in 1979 and headquartered in Santa Ana, California, employs 26,150 full-time staff. As the global IT ecosystem’s revenue-leading solutions provider, it supports top technology brands worldwide.

Ingram Micro Holdings plans to raise $400 million by issuing 18.6 million shares at $20–$23 per share. Capital World Investors has committed to purchasing $70 million (18% of the deal). At the midpoint, its fully diluted market cap would be $5.1 billion. Morgan Stanley, Goldman Sachs, J.P. Morgan, BofA Securities, Deutsche Bank, Evercore ISI, Jefferies, and RBC Capital Markets are joint underwriters.

4. Listings on 10/25/2024 (Friday)

1. US Oil & Gas Producer: Peak Resources LP (PRB)

Peak Resources LP (AMEX:PRB), founded in 2011 and headquartered in Durango, Colorado, employs 26 full-time staff. This independent limited partnership was recently formed to hold oil & gas assets from Yorktown-managed investment partnerships.

Peak Resources plans to raise $66 million by issuing 4.7 million shares at $13–$15 per share. At the midpoint, its fully diluted market cap would be $208.6 million. Janney Montgomery Scott, Roth Capital, and TCBI Securities are joint underwriters.

2. Hong Kong Accounting & Corporate Services Firm: ALE Group (ALEH)

ALE Group Holding Limited $ALE Group Holding Limited(ALEH.US), founded in 2014 and headquartered in Tsim Sha Tsui, Hong Kong, employs 7 full-time staff. This BVI-registered holding company operates through its Hong Kong subsidiary ALE Corporate Services Ltd (ALECS).

On 5/5/2023, ALE Group Holding Limited planned to list on Nasdaq on 5/11/2023, issuing 1.3 million shares at $4–$6 per share to raise $6.3 million. Prime Number Capital was the sole underwriter.

Other potential listings this week include Gelteq Pty Ltd (GELS), Peak Resources (PRB), NetClass Technology (NTCL), FBS Global (FBGL), Cuprina Holdings (CUPR), and Aduro Clean Tech (ADUR).

This article is not investment advice. Wishing you successful investing!