The IPO Week
Eleven IPOs
Nine of Week's Eleven New Issuers Are Blank Checks, Bringing SIC 6770's Year to Date Total to 36 Out of 109 IPOs Overall
Cohen & Company Closes Second Consecutive Week of IPO Pricing Activity, Brings Three New SPACs to Market
Berto Acquisition Prices $261 Million Listing On Nasdaq Global Market; Digital Asset Acquisition and Real Asset Acquisition Complete $150 Million Deals
NYC Is Headquarters for Newly Public Blank Checks Cantor Equity Partners II, Cartesian Growth III, Lakeshore Acq. III, and Republic Digital
Cantor Fitzgerald Leads Three SPACs to Market In Week After Two In Previous Week; A.G.P. Is Sole Book-Running Manager for Lakeshore III's IPO
Copley Acquisition and Gores Holdings X Are Publicly Traded
All Eleven of Week's New Issuers Are Incorporated In Caymen Islands; 73 U.S. IPO Companies So Far In 2025 Are Organized Under Cayman Islands Law
Yuanbao Prices $30 Million Listing On Nasdaq Global Market; Deal Is First IPO for Insurance Industry This Year and Fourteenth Since 2021
Beijing-Based Online Insurance Distribution Holding Company Operates Through PRC Subsidiaries, a Variable Interest Entity, and VIE Subsidiaries
Smart Digital Group Is Ninth 2025 IPO by a Singapore-Based Issuer; First Trade Day Closing Price of $6.11 Is 52.75% Higher Than $4 IPO Price
Co. Subsidiaries In Macau, Singapore, and Mainland China Derived Approximately 88% of Revenue In Most Recent Fiscal Year from Internet Media Services
Eleven Initial IPO Filings
Six of Week's Preliminary Registrations Are Filed by Blank Check Companies
BTIG Is Tapped to Lead Manage Planned IPOs by New York-Based Blank Checks Churchill Capital Corp X and ProCap Acquisition
Previous Blank Check In Churchill Series of Special Purpose Acquisition Corporations Went Public In 2024, Is Currently Searching for Combination Targets
Members of ProCap's Management Team Participated In Vesper Healthcare Acquisition's 2021 Combination with The Beauty Health Co. (Nasdaq: SKIN)
D. Boral ARC Acquisition I and Wintergreen Acquisition Register with D. Boral Capital as Lead Underwriter
D. Boral Arc's Sponsor Is Majority-Owned by ARC Group, a Global Investment Bank and Management Consultancy Firm
Wintergreen Seeks Prospective Targets In Technology, Media, and Telecommunications Industries with Operations In Asia Pacific or Greater China Region
MSM Frontier Capital Acquisition and Wen Acquisition Publicly Register
MSM Intends to Search Globally, with a Focus On Africa, for Target Companies In Infrastructure Sectors Including Power, Oil and Gas, and Cement
Wen Acquisition Seeks Financial Technology Companies That Incorporate and Integrate Blockchain Networks Into Traditional Financial Systems
MPJS Group Registers; Last IPO from SIC 5944 (Retail-Jewelry Stores) Was In 2005
MPJS Operates Five Retail Stores In Hong Kong Through Subsidiaries Man Pong Jewelry and Gosheng Jewelry International
Executive Director and CEO Sze Kam Fuk Will Beneficially Own Approximately 51.3% of Aggregate Voting Power Upon Completion of the IPO
J-Star Holding Files Second Attempt at IPO On Same Day It Withdraws First IPO Effort; Previous Form F-1 Was In Registration for Three Years
Company Develops and Manufactures Carbon Fiber Composite Products, with a Main Focus On Key Structural Bicycle Parts and Sports Accessories
J-Star Is Second Taiwan-Headquartered Preliminary Filer to Populate the IPO Queue for 2025; One Taiwanese Issuer Has Gone Public In U.S. This Year
THE GROWHUB and TV Channels Network File New Preliminary Registrations; TV Channels Files Form S-1 Two Weeks After Filing Form RW
Singapore's THE GROWHUB Operates a Public Blockchain System to Provide Product Traceability and Sustainability Across the Food Supply Chain
TV Channels Network, a Nevada-Based Music and Entertainment Technology Co., Raises Potential Deal Size from $8.625 Million to $17.25 Million
Japan's Center Holdings, Formerly Named Kabushiki Kaisha Center Mobile, Files New Registration 14 Weeks After Its Previous Form F-1
Company Provides Connectivity and Wireless Communications Services Using the Infrastructure and Communication System of NTT Docomo
Center Intends to Expand Into Water Dispenser Business with IoT Functions Capable of Recording and Collecting Data On User Lifestyle Habits
Five IPO Withdrawals
J-Star Holding Co. Withdraws 2022 Registration and THE GROWHUB Pulls October Preliminary Filing On Same Day They Reboot IPO Efforts
Both Original Forms F-1 Were Declared Effective In March, But No Securities Were Sold
St. Louis, MO Registrant Sequoia Vaccines, Which Filed Preliminary IPO Plans In 2023, Withdraws
Company Is First SIC 2836 (Biological Products) Filer to Post a Form RW Since 2022
Kabushiki Kaisha Center Mobile Withdraws Initial Form F-1, Files New Registration as Center Holdings
January Filing Was Amended Once In February
China's Shenni Holdings Decides Not to Proceed with IPO
Manufacturer of Urological, Cardiovascular, and Cerebrovascular Medical Devices Amended Its Form F-1 Once In March
| IPO Offerings | Form Type | 1st Lead Manager Listed |
Initial Filing Date | Offer Date |
|---|---|---|---|---|
| Digital Asset Acquisition Corp. | 424B4 | Cohen & Company Capital Markets | 2/7/25 | 4/28/25 |
| Real Asset Acquisition Corp. | 424B4 | Cohen & Company Capital Markets | 2/7/25 | 4/28/25 |
| Berto Acquisition Corp. | 424B4 | Cohen & Company Capital Markets | 3/21/25 | 4/29/25 |
| Lakeshore Acquisition III Corp. | 424B4 | A.G.P./Alliance Global Partners | 4/4/25 | 4/29/25 |
| Yuanbao Inc. | 424B4 | Goldman Sachs (Asia) L.L.C. | 9/16/24 | 4/29/25 |
| Copley Acquisition Corp | 424B4 | Clear Street LLC | 12/20/24 | 4/30/25 |
| Republic Digital Acquisition Company | 424B4 | Cantor Fitzgerald & Co. | 2/27/25 | 4/30/25 |
| Cantor Equity Partners II, Inc. | 424B4 | Cantor Fitzgerald & Co. | 3/10/25 | 5/1/25 |
| Cartesian Growth Corporation III | 424B4 | Cantor Fitzgerald & Co. | 1/28/25 | 5/1//25 |
| Gores Holdings X, Inc. | 424B4 | Santander US Capital Markets LLC | 4/11/25 | 5/1/25 |
| Smart Digital Group Limited | 424B4 | US Tiger Securities, Inc. | 11/12/24 | 5/1/25 |
| Initial IPO Filings | Form Type |
1st Lead Manager
Listed |
Initial Filing Date | |
|---|---|---|---|---|
| Churchill Capital Corp X | S-1 | BTIG, LLC | 4/28/25 | |
| D. Boral ARC Acquisition I Corp. | S-1 | D. Boral Capital LLC | 4/28/25 | |
| J-Star Holding Co., Ltd. | F-1 | Maxim Group LLC | 4/28/25 | |
| Wintergreen Acquisition Corp. | S-1 | D. Boral Capital LLC | 4/28/25 | |
| MPJS Group Limited | F-1 | Revere Securities LLC | 4/30/25 | |
| MSM Frontier Capital Acquisition Corp. | S-1 | Cohen & Company Capital Markets | 4/30/25 | |
| ProCap Acquisition Corp | S-1 | BTIG, LLC | 4/30/25 | |
| Wen Acquisition Corp | S-1 | Cantor Fitzgerald & Co. | 4/30/25 | |
| Center Holdings Inc. | F-1 | R.F. Lafferty & Co., Inc. | 5/2/25 | |
| THE GROWHUB LIMITED | F-1 | Alexander Capital, L.P. | 5/2/25 | |
| TV Channels Network Inc. | S-1 | Craft Capital Management, LLC | 5/2/25 |
| IPO Withdrawals | Form Type | 1st Lead Manager Listed |
Initial Filing Date | Withdrawal Date |
|---|---|---|---|---|
| J-Star Holding Co., Ltd. | RW | Maxim Group LLC | 3/21/22 | 4/28/25 |
| Sequoia Vaccines, Inc. | RW | ThinkEquity LLC | 11/6/23 | 5/1/25 |
| THE GROWHUB LIMITED | RW | Alexander Capital, L.P. | 10/31/24 | 5/2/25 |
| Kabushiki Kaisha Center Mobile | RW | R.F. Lafferty & Co., Inc. | 1/22/25 | 5/2/25 |
| Shenni Holdings Limited | RW | D. Boral Capital LLC | 3/14/25 | 5/2/25 |
The IPO Line-Up
IPO Line-Up Falls Seven to 122 Eight-Week Active Registrants
Lannister Mining Sets Price Range In First Amendment to Form F-1, Changes Lead Manager to Joseph Gunnar, Rejoins IPO Line-Up
Green Circle Decarbonize Technology Switches Lead Underwriter from Dominari Securities to RBW Capital, Returns to IPO Line-Up
AoChuang Holdings and Mega Fortune Company Amend Registrations for First Time, Are Back Among Eight-Week Active Registrants
COR3 & Co. (Holdings) Returns to Active Filers List with Amendment No. 7
Amendment No. 5 Places Elite Performance Holding Back On List of Active Registrants
Fifteen Price Ranges Filed
All Eleven of Week's Preliminary Registrations Have Price Ranges Established In the Initial Filing
American Integrity Insurance Group Amends Public Registration for First Time, Determines Price Range
Aspen Insurance Holdings Sets Price Range In Amendment No. 5
Amendment No. 2 by China's Julong Holding Includes Price Range
Eighteen Other Registrants File Amendments
Happy City Holdings Changes Lead Underwriter from Pacific Century to Dominari Securities In Amendment No. 2
Unitrend Entertainment Group Switches Lead Manager from Revere Securities to American Trust Investment Services In Latest Filing
Pelican Acquisition and Vistek File Two Amendments Each In Week
Dalu International Group and ENIGMATIG Have Been Active In Three Straight Weeks
Antalpha Platform Holding, Armada Acquisition II, Dreamland, and EGH Acquisition Amend Their Public Registrations for the First Time
IPO Line-Up
(Ranked by Initial Filing Date)
The IPO Line-Up contains IPO Registrants that have had filing activity in the last 8 weeks
and have not gone public or withdrawn from registration.
IPO Registrants that are red and bold indicate that a filing with the initial IPO price range has been filed with the SEC.
| IPO Registrant | Form Type | 1st Lead Mgr Listed | Initial Filing Date | Filing w/ Initial Price Range | 3/10 - 3/14 | 3/17 - 3/21 | 3/24 - 3/28 | 3/31 - 4/4 | 4/7 - 4/11 | 4/14 - 4/18 | 4/21 - 4/25 | 4/28 - 5/2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TV Channels Network Inc. | S-1 | Craft Capital | 5/2/25 | 5/2/25 | -- | -- | -- | -- | -- | -- | -- | S-1 |
| THE GROWHUB LIMITED | F-1 | Alexander Capital | 5/2/25 | 5/2/25 | -- | -- | -- | -- | -- | -- | -- | F-1 |
| Center Holdings Inc. | F-1 | R.F. Lafferty | 5/2/25 | 5/2/25 | -- | -- | -- | -- | -- | -- | -- | F-1 |
| Wen Acquisition Corp | S-1 | Cantor | 4/30/25 | 4/30/25 | -- | -- | -- | -- | -- | -- | -- | S-1 |
| ProCap Acquisition Corp | S-1 | BTIG | 4/30/25 | 4/30/25 | -- | -- | -- | -- | -- | -- | -- | S-1 |
| MSM Frontier Capital Acquisition Corp. | S-1 | Cohen & Co. | 4/30/25 | 4/30/25 | -- | -- | -- | -- | -- | -- | -- | S-1 |
| MPJS Group Limited | F-1 | Revere Securities | 4/30/25 | 4/30/25 | -- | -- | -- | -- | -- | -- | -- | F-1 |
| Wintergreen Acquisition Corp. | S-1 | D. Boral Capital | 4/28/25 | 4/28/25 | -- | -- | -- | -- | -- | -- | -- | S-1 |
| J-Star Holding Co., Ltd. | F-1 | Maxim Group | 4/28/25 | 4/28/25 | -- | -- | -- | -- | -- | -- | -- | F-1 |
| D. Boral ARC Acquisition I Corp. | S-1 | D. Boral Capital | 4/28/25 | 4/28/25 | -- | -- | -- | -- | -- | -- | -- | S-1 |
| Churchill Capital Corp X | S-1 | BTIG | 4/28/25 | 4/28/25 | -- | -- | -- | -- | -- | -- | -- | S-1 |
| Kochav Defense Acquisition Corp. | S-1 | SPAC Advisory | 4/25/25 | 4/25/25 | -- | -- | -- | -- | -- | -- | S-1 | -- |
| Columbus Circle Capital Corp I | S-1 | Cohen & Co. | 4/25/25 | 4/25/25 | -- | -- | -- | -- | -- | -- | S-1 | -- |
| Carbon Zero Technologies International Inc. | F-1 | Ninth Eternity | 4/23/25 | 4/23/25 | -- | -- | -- | -- | -- | -- | F-1 | -- |
| Antalpha Platform Holding Company | F-1 | Roth Capital | 4/18/25 | -- | -- | -- | -- | -- | -- | F-1 | -- | 4/29 |
| Yorkville Acquisition Corp. | S-1 | Clear Street | 4/16/25 | 4/16/25 | -- | -- | -- | -- | -- | S-1 | -- | -- |
| Globa Terra Acquisition Corporation | S-1 | D. Boral Capital | 4/16/25 | 4/16/25 | -- | -- | -- | -- | -- | S-1 | -- | -- |
| EGH Acquisition Corp. | S-1 | Cohen & Co. | 4/16/25 | 4/16/25 | -- | -- | -- | -- | -- | S-1 | -- | 5/1 |
| Vendome Acquisition Corporation I | S-1 | D. Boral Capital | 4/15/25 | 4/15/25 | -- | -- | -- | -- | -- | S-1 | -- | -- |
| Green Solar Energy Limited | F-1 | Joseph Stone | 4/15/25 | 4/15/25 | -- | -- | -- | -- | -- | F-1 | -- | -- |
| FAST TRACK GROUP | F-1 | Alexander Capital | 4/15/25 | 4/15/25 | -- | -- | -- | -- | -- | F-1 | -- | -- |
| American Integrity Insurance Group, Inc. | S-1 | Keefe Bruyette | 4/14/25 | 4/29/25 | -- | -- | -- | -- | -- | S-1 | -- | 4/29 |
| Timber Road Acquisition Corp. | S-1 | Roth Capital | 4/14/25 | 4/14/25 | -- | -- | -- | -- | -- | S-1 | -- | -- |
| Dreamland Limited | F-1 | Bancroft Capital | 4/10/25 | 4/10/25 | -- | -- | -- | -- | F-1 | -- | -- | 4/30 |
| Pelican Acquisition Corporation | S-1 | EarlyBirdCapital | 4/9/25 | 4/9/25 | -- | -- | -- | -- | S-1 | -- | -- | 4/30;5/2 |
| Twelve Seas Investment Company III | S-1 | Cohen & Co. | 4/4/25 | 4/4/25 | -- | -- | -- | S-1 | -- | -- | -- | -- |
| Vickers Vantage Corp. II | S-1 | Cohen & Co. | 4/3/25 | 4/3/25 | -- | -- | -- | S-1 | -- | -- | -- | -- |
| RUIGUANGHONGFENG INTERNATIONAL LTD | F-1 | [To be named] | 4/2/25 | -- | -- | -- | -- | F-1 | -- | -- | -- | -- |
| AIMEI HEALTH TECHNOLOGY LTD | F-1 | US Tiger | 4/2/25 | -- | -- | -- | -- | F-1 | -- | -- | -- | -- |
| Circle Internet Group, Inc. | S-1 | JPMorgan | 4/1/25 | -- | -- | -- | -- | S-1 | -- | 4/18 | -- | -- |
| Sea Forrest International Ltd. | F-1 | Maxim Group | 3/31/25 | -- | -- | -- | -- | F-1 | -- | -- | -- | -- |
| Picard Medical, Inc. | S-1 | Benchmark | 3/31/25 | -- | -- | -- | -- | S-1 | -- | -- | 4/24 | -- |
| ChowChow Cloud International Holdings Ltd. | F-1 | Maxim Group | 3/31/25 | 3/31/25 | -- | -- | -- | F-1 | -- | -- | -- | -- |
| Julong Holding Limited | F-1 | US Tiger | 3/28/25 | 4/30/25 | -- | -- | F-1 | -- | -- | -- | 4/22 | 4/30 |
| ENIGMATIG LIMITED | F-1 | Prime Number | 3/28/25 | 3/28/25 | -- | -- | F-1 | -- | -- | 4/15 | 4/21;4/24 | 4/30 |
| BUUU Group Limited | F-1 | Pacific Century | 3/28/25 | 3/28/25 | -- | -- | F-1 | -- | -- | -- | -- | -- |
| BEST SPAC I Acquisition Corp. | S-1 | Maxim Group | 3/28/25 | 3/28/25 | -- | -- | S-1 | -- | -- | -- | -- | -- |
| HengHong Technology Inc. | F-1 | Kingswood | 3/27/25 | 3/27/25 | -- | -- | F-1 | -- | -- | -- | -- | -- |
| Armada Acquisition Corp. II | S-1 | Cohen & Co. | 3/25/25 | 3/25/25 | -- | -- | S-1 | -- | -- | -- | -- | 4/30 |
| Gameverse Interactive Corp. | S-1 | R.F. Lafferty | 3/24/25 | 3/24/25 | -- | -- | S-1;3/28 | -- | -- | 4/17 | -- | -- |
| eToro Group Ltd. | F-1 | Goldman Sachs | 3/24/25 | -- | -- | -- | F-1 | 4/2 | -- | -- | -- | -- |
| Ategrity Specialty Holdings LLC | S-1 | JPMorgan | 3/24/25 | -- | -- | -- | S-1 | -- | -- | 4/15 | -- | -- |
| StubHub Holdings, Inc. | S-1 | JPMorgan | 3/21/25 | -- | -- | S-1 | -- | -- | -- | -- | -- | -- |
| NusaTrip Incorporated | S-1 | Cathay Securities | 3/21/25 | 3/21/25 | -- | S-1 | -- | -- | -- | 4/14 | -- | -- |
| Spectral IP, Inc. | S-1 | Dominari | 3/20/25 | -- | -- | S-1 | -- | -- | -- | -- | -- | -- |
| Perimeter Acquisition Corp. I | S-1 | Citigroup | 3/20/25 | 3/20/25 | -- | S-1 | -- | -- | -- | 4/18 | -- | -- |
| Xinzi | F-1 | Revere Securities | 3/19/25 | 3/19/25 | -- | F-1 | -- | -- | -- | -- | -- | -- |
| Jingrui Wang Pu Holdings Group Ltd. | F-1 | Eddid Securities | 3/17/25 | 3/17/25 | -- | F-1 | -- | -- | -- | -- | 4/21 | -- |
| Happy City Holdings Limited | F-1 | Dominari | 3/17/25 | 3/17/25 | -- | F-1 | -- | -- | -- | 4/14 | -- | 4/29 |
| Thayer Ventures Acquisition Corporation II | S-1 | Stifel | 3/14/25 | 3/14/25 | S-1 | -- | -- | 4/3 | -- | 4/15 | -- | -- |
| Renatus Tactical Acquisition Corp I | S-1 | Clear Street | 3/14/25 | 3/14/25 | S-1 | -- | -- | -- | -- | -- | 4/21 | -- |
| Klarna Group plc | F-1 | Goldman Sachs | 3/14/25 | -- | F-1 | -- | -- | -- | -- | -- | -- | -- |
| Bluemount Holdings Limited | F-1 | Pacific Century | 3/14/25 | 3/14/25 | F-1 | -- | -- | -- | 4/9 | -- | 4/24 | -- |
| POMDOCTOR LIMITED | F-1 | Revere Securities | 3/13/25 | -- | F-1 | -- | -- | 3/31 | -- | -- | -- | -- |
| Regentis Biomaterials Ltd. | F-1 | ThinkEquity | 3/10/25 | 3/10/25 | F-1 | -- | -- | -- | -- | -- | -- | -- |
| Hinge Health, Inc. | S-1 | Morgan Stanley | 3/10/25 | -- | S-1 | -- | -- | -- | 4/7 | -- | -- | -- |
| Dune Acquisition Corporation II | S-1 | Clear Street | 3/7/25 | 3/7/25 | -- | -- | 3/25 | -- | -- | -- | -- | 4/29 |
| ANEW Health Limited | F-1 | D. Boral Capital | 3/7/25 | 3/7/25 | -- | -- | -- | 3/31 | -- | 4/16 | -- | -- |
| Rich Sparkle Holdings Limited | F-1 | Eddid Securities | 3/6/25 | 3/6/25 | -- | -- | -- | -- | 4/11 | -- | -- | -- |
| Cal Redwood Acquisition Corp. | S-1 | Cohen & Co. | 3/3/25 | 3/3/25 | -- | -- | -- | 4/2 | 4/11 | -- | -- | -- |
| MNTN, Inc. | S-1 | Morgan Stanley | 2/28/25 | -- | 3/12 | -- | -- | -- | -- | -- | -- | 4/29 |
| Dalu International Group Limited | F-1 | American Trust | 2/25/25 | 2/25/25 | -- | -- | -- | -- | -- | 4/14 | 4/25 | 4/29 |
| Tong Ying Group | F-1 | Joseph Stone | 2/21/25 | -- | -- | -- | -- | -- | -- | -- | 4/23 | -- |
| DCR Tech Group Ltd | F-1 | D. Boral Capital | 2/21/25 | 2/21/25 | -- | 3/20 | -- | -- | -- | -- | -- | 4/29 |
| BGIN BLOCKCHAIN LIMITED | F-1 | Chardan | 2/21/25 | 3/20/25 | 3/10 | 3/20 | 3/25 | -- | -- | -- | -- | -- |
| AIRO Group Holdings, Inc. | S-1 | Cantor | 2/21/25 | 4/10/25 | -- | -- | -- | -- | 4/10 | -- | -- | -- |
| OFA Group | F-1 | R.F. Lafferty | 2/20/25 | 2/20/25 | -- | 3/20 | 3/26 | 4/2 | 4/11 | -- | -- | -- |
| Blue Water Acquisition Corp. III | S-1 | BTIG | 2/19/25 | 2/19/25 | -- | -- | 3/28 | -- | -- | -- | -- | -- |
| RanMarine Technology B.V. | F-1 | D. Boral Capital | 2/14/25 | 2/14/25 | -- | 3/19 | 3/28 | -- | -- | -- | -- | -- |
| Kabushiki Kaisha Robot Consulting | F-1 | D. Boral Capital | 2/12/25 | 2/12/25 | -- | 3/19 | 3/26;3/28 | 4/1 | -- | 4/14;4/18 | -- | -- |
| Qinhui Technology International Co., Ltd. | F-1 | Kingswood | 2/11/25 | 2/11/25 | 3/11 | 3/17 | -- | 4/2 | -- | -- | -- | -- |
| AMBITIONS ENTERPRISE MANAGEMENT CO. | F-1 | AC Sunshine | 2/7/25 | -- | -- | 3/18 | -- | -- | -- | -- | -- | -- |
| Vistek Limited | F-1 | Bancroft Capital | 1/28/25 | 1/28/25 | -- | 3/21 | -- | -- | -- | 4/15 | -- | 4/28;5/1 |
| QMSK Technology Co., Ltd | F-1 | D. Boral Capital | 1/28/25 | 1/28/25 | -- | -- | 3/24 | -- | -- | -- | -- | -- |
| Origin Investment Corp I | S-1 | ThinkEquity | 1/8/25 | 1/8/25 | -- | -- | -- | -- | 4/8 | -- | 4/25 | -- |
| Phaos Technology Holdings (Cayman) Ltd. | F-1 | Network 1 | 1/3/25 | 1/3/25 | -- | -- | 3/28 | -- | -- | -- | -- | -- |
| SFIDA X, Inc. | F-1 | ThinkEquity | 12/23/24 | -- | -- | -- | -- | -- | -- | -- | 4/25 | -- |
| LEIFRAS Co., Ltd. | F-1 | Kingswood | 12/10/24 | 12/10/24 | 3/11 | -- | -- | -- | -- | -- | -- | -- |
| Grande Group Limited | F-1 | Cathay Securities | 12/10/24 | 12/10/24 | 3/14 | -- | -- | -- | 4/9 | -- | -- | -- |
| ChampionsGate Acquisition Corporation | S-1 | Clear Street | 12/9/24 | 12/9/24 | -- | -- | 3/26 | -- | -- | -- | -- | -- |
| FG Holdings Limited | F-1 | American Trust | 11/18/24 | 11/18/24 | 3/11 | -- | -- | -- | -- | -- | 4/22 | -- |
| Delixy Holdings Limited | F-1 | Bancroft Capital | 11/15/24 | 11/15/24 | 3/10 | 3/19 | 3/26 | -- | -- | -- | -- | -- |
| GLAMOORE Capital Group Company Limited | F-1 | Eddid Securities | 11/12/24 | 11/12/24 | -- | -- | -- | 4/4 | -- | -- | 4/24 | -- |
| Flagfish Acquisition Corporation | S-1 | Lucid Capital | 11/8/24 | 11/8/24 | -- | -- | -- | -- | 4/10 | -- | -- | -- |
| Masonglory Limited | F-1 | D. Boral Capital | 11/6/24 | 11/6/24 | -- | 3/18 | -- | -- | -- | -- | -- | -- |
| OMS Energy Technologies Inc. | F-1 | Roth Capital | 11/4/24 | 11/22/24 | -- | 3/20 | 3/26 | 4/2 | -- | -- | -- | 4/28 |
| Mega Fortune Company Limited | F-1 | D. Boral Capital | 11/4/24 | 11/4/24 | -- | -- | -- | -- | -- | -- | -- | 5/2 |
| Elite Performance Holding Corp. | S-1 | D. Boral Capital | 10/18/21 | 10/18/24 | -- | -- | -- | -- | -- | -- | -- | 4/30 |
| Curanex Pharmaceuticals Inc | S-1 | Dominari | 10/16/24 | 10/16/24 | -- | 3/17 | -- | -- | -- | -- | -- | -- |
| Vantage Corp | F-1 | Network 1 | 10/9/24 | 11/20/24 | -- | 3/19 | -- | -- | -- | 4/17 | -- | -- |
| Majestic Ideal Holdings Ltd | F-1 | Craft Capital | 10/4/24 | 10/4/24 | -- | 3/17 | 3/25 | -- | -- | 4/14 | -- | -- |
| Apimeds Pharmaceuticals US, Inc. | S-1 | D. Boral Capital | 9/25/24 | 11/7/24 | -- | -- | -- | -- | -- | 4/16 | -- | 5/2 |
| Empro Group Inc. | F-1 | R.F. Lafferty | 9/16/24 | 1/22/25 | -- | -- | -- | 3/31 | -- | -- | -- | -- |
| Fitness Champs Holdings Limited | S-1 | Bancroft Capital | 9/9/24 | 10/3/24 | -- | -- | 3/24 | -- | -- | -- | -- | -- |
| AoChuang Holdings, Inc. | F-1 | D. Boral Capital | 9/6/24 | 9/6/24 | -- | -- | -- | -- | -- | -- | -- | 5/2 |
| 707 Cayman Holdings Limited | F-1 | Bancroft Capital | 9/5/24 | 9/5/24 | 3/10 | -- | 3/24 | -- | -- | -- | -- | -- |
| Thoughtful Media Group Inc. | S-1 | Cathay Securities | 8/15/24 | 8/15/24 | -- | -- | -- | 4/4 | -- | -- | -- | -- |
| Texxon Holding Limited | F-1 | D. Boral Capital | 8/13/24 | 3/31/25 | -- | -- | -- | 3/31 | -- | -- | -- | -- |
| HMH Holding Inc. | S-1 | JPMorgan | 8/12/24 | -- | -- | 3/17 | -- | -- | -- | -- | -- | -- |
| Megan Holdings Limited | F-1 | D. Boral Capital | 8/8/24 | 8/8/24 | 3/11;3/12 | -- | -- | -- | -- | -- | -- | -- |
| rYojbaba Co., Ltd. | F-1 | D. Boral Capital | 8/2/24 | 8/2/24 | -- | -- | -- | -- | -- | -- | 4/22 | -- |
| Lannister Mining Corp. | F-1 | Joseph Gunnar | 7/31/24 | 5/2/25 | -- | -- | -- | -- | -- | -- | -- | 5/2 |
| Expectation Acquisition Corporation | S-1 | Lucid Capital | 7/16/24 | 7/16/24 | 3/14 | -- | -- | -- | -- | -- | -- | -- |
| Linkhome Holdings Inc. | S-1 | R.F. Lafferty | 6/21/24 | 10/1/24 | -- | -- | 3/24 | 4/2 | -- | -- | -- | -- |
| Unitrend Entertainment Group Limited | F-1 | American Trust | 6/14/24 | 6/14/24 | -- | -- | -- | 3/31 | -- | -- | -- | 4/29 |
| Rise Smart Group Holdings Limited | F-1 | American Trust | 5/13/24 | 5/13/24 | -- | -- | -- | -- | -- | -- | -- | 4/30 |
| Libera Gaming Operations, Inc. | F-1 | Craft Capital | 3/15/24 | 3/15/24 | -- | -- | -- | -- | 4/7 | -- | -- | -- |
| Jyong Biotech Ltd. | F-1 | Joseph Stone | 3/7/24 | 2/6/25 | 3/11 | -- | -- | -- | -- | -- | 4/23 | -- |
| Green Circle Decarbonize Technology Ltd. | F-1 | RBW Capital | 2/8/24 | 2/8/24 | -- | -- | -- | -- | -- | -- | -- | 4/28 |
| QQJ Inc. | F-1 | Network 1 | 2/7/24 | 6/28/24 | -- | -- | -- | -- | -- | 4/15 | -- | -- |
| Semidux (Cayman) Holding Limited | F-1 | D. Boral Capital | 1/26/24 | -- | -- | -- | -- | -- | 4/7 | -- | -- | -- |
| Love & Health Limited | S-1 | Waton Securities | 1/8/24 | 1/8/24 | -- | -- | -- | 4/3 | -- | -- | -- | -- |
| Lafayette Energy Corp | S-1 | Waton Securities | 12/29/23 | 12/29/23 | -- | 3/19 | -- | -- | -- | -- | -- | -- |
| Aspen Insurance Holdings Limited | F-1 | Goldman Sachs | 12/20/23 | 4/29/25 | -- | 3/20 | -- | -- | -- | -- | -- | 4/29 |
| COR3 & Co. (Holdings) Limited | F-1 | Bancroft Capital | 11/20/23 | 11/20/23 | -- | -- | -- | -- | -- | -- | -- | 4/28 |
| Ten-League International Holdings Limited | F-1 | Bancroft Capital | 10/31/23 | 2/23/24 | 3/14 | -- | 3/27 | -- | -- | -- | -- | 5/2 |
| Vittoria Limited | F-1 | Eddid Securities | 8/2/23 | 9/28/23 | -- | -- | 3/24 | -- | -- | -- | -- | -- |
| Blue-Touch Holdings Group Co., Ltd | S-1 | AC Sunshine | 9/30/22 | 3/22/24 | -- | -- | -- | 4/4 | -- | 4/17 | 4/25 | -- |
| J-Star Holding Co., Ltd. | F-1 | Maxim Group | 3/21/22 | 7/13/22 | 3/12 | -- | -- | -- | -- | -- | -- | 4/28 |
| Giant Oak Acquisition Corporation | S-1 | Lucid Capital | 2/22/22 | 2/22/22 | -- | 3/19 | -- | -- | 4/8 | -- | -- | -- |
| Kepuni Holdings Inc. | F-1 | Boustead | 8/31/21 | 8/23/22 | -- | -- | 3/27 | -- | -- | -- | -- | -- |
| ALE Group Holding Limited | F-1 | D. Boral Capital | 7/28/21 | 7/28/21 | -- | 3/17 | -- | -- | 4/7 | -- | -- | -- |
IPO Line-Up includes all IPO registrants that have filed to go public in the U.S., have neither gone public nor formally withdrawn their offering by filing a Form RW with the SEC, and have had filing activity in the most recent eight week period. IPO Line-Up includes all SEC registered IPOs, including REITs and those non-U.S. IPO filers seeking to list in the U.S. markets, except for 1) closed-end funds; 2) best-efforts, self-underwritten, and direct offerings; and 3) small business IPOs with an offering amount of less than $5 million. IPO Line-Up: Recent SEC IPO Filing Activity is based on information provided from the IPO Vital Signs System located at www.rbsourcefilings.com