Flowco Holdings Inc. (Ticker: FLOC) is an oil and gas field machinery equipment company providing production optimization, artificial lift, and methane abatement solutions. The company was formed in 2024 through the merger of Flowco Production Solutions, Estis Compression, and Flogistix, offering technologies such as high-pressure gas lift (HPGL), conventional gas lift, plunger lift, and vapor recovery units (VRU) with integrated digital solutions for real-time remote monitoring.

Flowco Holdings will list on January 16, 2025, on the New York Stock Exchange (NYSE). The company is offering 17.8 million shares at a price range of $21.00 to $23.00. The estimated offering size is $409.4 million, with an expected market capitalization of $1.93 billion. The offering is led by J.P. Morgan, Jefferies, and Piper Sandler, alongside Evercore ISI, BMO Capital Markets, and others.

Beijing Saimo Technology Co., Ltd. (Ticker: 2571 HK) is a Chinese technology company specializing in intelligent connected vehicle (ICV) simulation testing solutions. The company develops ICV simulation testing products and provides testing, validation, and evaluation services. In 2023, Saimo Tech was the largest market participant in China's ICV testing, validation, and evaluation solutions industry, with a 5.3% market share. It also led the ICV simulation testing software and platform market in China with a 5.9% share, according to Frost & Sullivan.

The company will list on the Main Board of the Hong Kong Stock Exchange on January 15, 2025. The IPO involves a global offering of 33,333,400 shares at an indicative price range of HKD 12.00 to 18.00 per share, with the subscription period running from December 31, 2024, to January 10, 2025. Based on a median offer price of HKD 15.00, Saimo Tech expects to raise approximately HKD 428 million (USD 64.27 million) in net proceeds. The company has secured China Mobile International as a cornerstone investor, with a subscription of HKD 148.5 million.

New Gonow Recreational Vehicles Inc. (Ticker: 805 HK) is a China-based manufacturer specializing in towable recreational vehicles (RVs). Headquartered in Tongxiang, Zhejiang Province, the company operates a 47,567-square-meter facility equipped with advanced manufacturing technology. New Gonow's product portfolio includes three brands: Snowy River (mid-range), Regent (luxury), and NEWGEN (semi-off-road). By 2023, the company had launched 39 RV models, including electric RVs with intelligent and autonomous driving systems.

The company will list on the Main Board of the Hong Kong Stock Exchange on January 13, 2025. The IPO involves a global offering of 240 million shares, with an expected price range of HKD 1.24 to 1.44 per share, aiming to raise up to HKD 345.6 million (USD 44.49 million). The offering is managed by BOCI Asia Ltd, CLSA Ltd, CMB International Capital Corp Ltd, First Shanghai Securities Ltd, Fosun International Securities Ltd, and Huatai International.

Yibin City Commercial Bank Co., Ltd. (Ticker: 2596 HK) is a city commercial bank headquartered in Yibin, Sichuan Province, China. Established in 2006, the bank provides a broad range of financial services, including deposits, loans, domestic settlements, bill discounting, government bond underwriting, insurance agency, and wealth management for both individuals and enterprises. As of December 31, 2023, it was the largest bank in Yibin by total assets and the second-largest city commercial bank in Sichuan by registered capital.

The bank will list on the Main Board of the Hong Kong Stock Exchange on January 13, 2025. The IPO involves a global offering of 688.4 million shares, with an expected price range of HKD 2.59 to 2.72 per share, aiming to raise up to HKD 1.87 billion (USD 241.17 million). A 15% greenshoe option of 103.26 million shares is included. The offering is managed by BOCI Asia Ltd, CCB International Capital Ltd, CLSA Ltd, CMBC Securities Co. Ltd, ICBC International Securities Ltd, Maxa Capital Ltd, and Shenwan Hongyuan.

Numans Health Food Holdings Co., Ltd. (Ticker: 2530 HK) is a China-based company specializing in the marketing, sales, and distribution of nutritional products. Established in 2019 and headquartered in Shanghai, the company's product portfolio includes algal oil DHA, probiotics, vitamins, multivitamins, and algal calcium, sold under proprietary brands. In 2022, Numans was the leading domestic brand in China’s algal oil DHA market, with a 22.5% market share by retail value, according to Frost & Sullivan.

The company will list on the Main Board of the Hong Kong Stock Exchange on January 10, 2025. Numans plans to offer 250 million shares globally, with an expected price range of HKD 0.80 to 1.09 per share, aiming to raise up to HKD 272.5 million (USD 35.1 million). A 15% greenshoe option equivalent to 37.5 million shares is included. The offering is managed by Caitong International Securities Co. Ltd., China Everbright Securities (HK), First Fidelity Capital International Ltd., and Futu Securities.

The proceeds from the IPO will be used to support product development, strengthen distribution networks, and enhance brand awareness within China's nutritional products market.

Bloks Group Ltd (Ticker: 325 HK) is a China-based toy manufacturer specializing in assembly character toys. Founded in 2014 and headquartered in Shanghai, the company offers a diverse portfolio of character and assembly toys, including licensed products from popular franchises such as Marvel, Ultraman and Transformers. As of June 30, 2024, the company had 431 SKUs and maintained partnerships with around 50 intellectual property franchises.

Bloks Group Ltd will list on the Main Board of the Hong Kong Stock Exchange on January 10, 2025. The company plans to offer 24.12 million shares globally, with an expected price range of HKD 55.65 to 60.35 per share, aiming to raise HKD 1.4557 billion (USD 187.4 million). The offering is managed by Goldman Sachs (Asia) and Huatai Financial Holdings Hong Kong Ltd.

The proceeds are earmarked for expanding product development, increasing production capacity, and strengthening the company's market presence in the toy industry.

ContiOcean Environment Tech Group Co., Ltd. (Ticker: 2613 HK) is a China-based provider of maritime environmental protection equipment and systems, offering solutions to help shipowners reduce sulfur and greenhouse gas emissions. The company also supplies interior design services and equipment aimed at improving onboard living conditions and enhancing maritime operations. Its product suite includes marine exhaust gas cleaning systems, energy-saving devices, clean-energy supply systems, and related services. In 2023, ContiOcean ranked third among Chinese ship exhaust gas cleaning system providers and fourth globally in terms of completed and cumulative orders, according to Frost & Sullivan.

The company will list on the Main Board of the Hong Kong Stock Exchange on January 9, 2025. The IPO comprises 10 million shares, priced between HKD 31.80 and 39.80 per share, with the subscription period running from December 31, 2024, to January 6, 2025. The expected net proceeds, based on an offer price of HKD 35.80 per share, are approximately HKD 312 million (USD 46.02 million). The offering is managed by CITIC Securities and China Galaxy International, with Harvest as a cornerstone investor subscribing to shares worth USD 10 million.

Anhui Conch Material Technology Co., Ltd. (Ticker: 2560 HK) is a China-based chemicals company specializing in cement and concrete admixtures and their upstream raw materials. The company operates 11 production facilities across multiple provinces in China. Anhui Conch Material Technology Co., Ltd. is a subsidiary of Anhui Conch Group Co., Ltd., a state-owned enterprise with diversified operations in construction materials and related sectors.

The company will list on the Hong Kong Stock Exchange's Main Board on January 9, 2025. The offering aims to raise HKD 478.41 million (USD 61.59 million), selling 144.97 million primary shares at an expected price range of HKD 3.00 to 3.30. The offering is managed by ABCI Capital Ltd, BOCI Asia Ltd, BOCOM International Securities Ltd, CCB International Capital Ltd, and China Galaxy International Securities. A 15% greenshoe option equivalent to 21.75 million shares is included in the offering.

The proceeds are earmarked for expanding production capacity, market growth initiatives, research and development, debt repayment, potential acquisitions or joint ventures, and working capital.

BrainAurora Medical Technology Co., Ltd. (Ticker: 6681 HK) is a Chinese biotechnology company specializing in digital therapeutics for cognitive impairments. Founded in 2012, the company integrates neuroscience with artificial intelligence to develop products for diagnosing and treating cognitive disorders related to vascular diseases, neurodegenerative conditions, mental illnesses, and developmental defects. Its flagship product, "66nao," supports clinical assessment, treatment, and outcome management and is used in over 120 cognitive centers across China.

The company will list on the Hong Kong Stock Exchange on January 8, 2025, offering 181.11 million shares at HKD 3.22 per share, aiming to raise HKD 583.2 million (USD 74.97 million). The net proceeds will be used to enhance research and development, fund clinical trials, assist hospitals in setting up cognitive centers, and strengthen AI capabilities. Joint sponsors include SPDB International Capital and China International Capital Corporation. Despite reporting losses in recent years, BrainAurora aims to leverage its IPO proceeds to expand its market presence and further develop its cognitive health solutions.

Nice One Beauty Digital Marketing Co (Ticker: NICEONE AB) is an e-commerce company in Saudi Arabia specializing in beauty and personal care products. Founded in 2017, the company offers over 28,000 products from 1,200 global and local brands. Nice One’s primary sales channel is its mobile app, which accounted for 95% of its sales in Q1 2024.

The company will list on the Saudi Exchange (Tadawul) on January 8, 2025. The IPO, managed by EFG-Hermes and SNB Capital Co, includes 34.65 million shares, priced at SAR 35 per share, raising SAR 1.21 billion (USD 323.08 million). The offering consists of 15.87% primary shares (5.5 million) and 84.13% secondary shares (29.15 million).

During the retail subscription period, 418,120 investors subscribed at the final offer price, resulting in an oversubscription rate of 7.9 times.

Almoosa Health Co (Ticker: ALMOOSA AB) is a healthcare services provider in Saudi Arabia specializing in primary, critical, and rehabilitative care. The company is set to list on January 7, 2025, on the Saudi Exchange (Tadawul). Almoosa Health offered 13.29 million shares at SAR 127 per share, raising SAR 1.69 billion (USD 449.51 million). The offering included 70% primary shares (9.3 million) and 30% secondary shares (3.99 million).

The company's expected market capitalization at the offer was between SAR 5.45 billion and SAR 5.62 billion. The offering was managed by Saudi Fransi Capital Ltd and EFG-Hermes, acting as financial advisors, underwriters, and bookrunners. Notably, cornerstone investors Tawuniya and Alfozan Holding Company subscribed to 22% of the shares offered.

InnoScience Suzhou Technology Holding Co Ltd (Ticker: 2577 HK) is a semiconductor company specializing in Gallium Nitride (GaN) technology. GaN is a wide-bandgap semiconductor material known for its high efficiency, fast switching speeds, and ability to operate at higher voltages and temperatures compared to traditional silicon. It is widely used in power electronics, enabling compact, energy-efficient solutions for consumer electronics, renewable energy systems, automotive electronics, and data centers. As the world's largest Integrated Device Manufacturer (IDM) fully focused on 8-inch GaN-on-Si processes, InnoScience designs and manufactures advanced GaN devices to meet diverse application needs.

InnoScience Suzhou Technology will list on the Hong Kong Stock Exchange on December 30, 2024. The IPO includes 45.36 million shares with an expected price range of HKD 30.86 to HKD 33.66, aiming to raise approximately HKD 1.53 billion (USD 196.50 million). The offering is managed by ABCI Capital Ltd, BOCI Asia Ltd, CLSA Ltd, CMB International Capital Corp Ltd, and China International Capital Corp HK Securities.

HealthyWay Inc (Ticker: 2587 HK) is an internet-based health and wellness service provider operating one of the largest digital health platforms in China. Established in 2001 and headquartered in the Cayman Islands, the company offers a wide range of services, including health membership schemes, remote medical consultations, pharmaceutical sales, and digital marketing solutions for corporations and institutions in the healthcare sector. HealthyWay leverages its platform to connect individual users, healthcare providers, and corporate clients, enabling accessible health management and efficient healthcare operations.

HealthyWay will list on the Hong Kong Stock Exchange on December 30, 2024. The IPO includes 25 million shares with an expected price range of HKD 7.80 to HKD 8.80, aiming to raise approximately HKD 220 million (USD 28.31 million). The offering is managed by BOCI Asia Ltd, China Everbright Securities (HK), Fosun International Securities Ltd, Futu Securities International Hong Kong Ltd, Livermore Holdings Ltd, and Ruibang Securities Ltd.

Xunfei Healthcare Technology Co Ltd (Ticker: 2506 HK) is a healthcare technology company and a subsidiary of iFLYTEK, specializing in artificial intelligence (AI) applications for the medical sector. Founded in 2016, the company integrates AI technologies such as speech and image recognition, natural language understanding, and large language models to enhance medical diagnosis, chronic disease management, and hospital information systems. Xunfei Healthcare aims to improve access to quality care, empower community-level medical services, and support national healthcare reform policies.

Xunfei Healthcare will list on the Hong Kong Stock Exchange on December 30, 2024. The IPO includes 7.04 million shares priced at HKD 82.80 each, targeting proceeds of HKD 582.54 million (USD 74.97 million). The offering is managed by ABCI Capital Ltd, Advent Securities Hong Kong Ltd, CCB International Capital Ltd, CMBC Securities Co Ltd, and China Galaxy International Securities.

Minieye Technology Co Ltd (Ticker: 2431 HK) is a China-based company specializing in automotive and truck parts and equipment, with a focus on intelligent driving solutions, smart cockpits, and vehicle-to-road collaboration systems. Minieye develops full-stack, self-developed autonomous driving solutions supporting levels L0 to L4, enhancing safety and comfort in driving experiences. The company also provides advanced solutions for connected vehicles and smart cities.

Minieye Technology will list on the Hong Kong Stock Exchange on December 27, 2024. The IPO includes 39.19 million shares with an expected price range of HKD 17.00 to HKD 20.20, aiming to raise approximately HKD 791.64 million (USD 101.89 million). The offering is managed by ABCI Capital Ltd, BOCI Asia Ltd, CLSA Ltd, CMBC Securities Co. Ltd, China International Capital Corp HK Securities, and Fosun International Securities Ltd.

A greenshoe option of 15% (5.88 million shares) is available, though no details on its exercise have been disclosed. The expected market capitalization at the offer has not been announced.

Shenzhen Dobot Corp Ltd (Ticker: 2432 HK) is a robotics company specializing in industrial automation and the development of collaborative robots (cobots) for human-machine collaboration. The company offers eight main product lines, covering payloads from 0.25 kg to 20 kg, and serves over 15 industries, including consumer electronics, automotive, metal processing, semiconductor, and healthcare. Since its founding in 2015, Dobot has sold over 72,000 robots to customers in 80 countries and regions, ranking first in Chinese robot exports by volume for five consecutive years.

Shenzhen Dobot Corp Ltd will list on the Hong Kong Stock Exchange on December 23, 2024. The IPO includes 40 million shares with an expected price range of HKD 18.80 to HKD 20.80, aiming to raise approximately HKD 832 million (USD 107 million). The offering is managed by ABCI Capital Ltd, China PA Securities Hong Kong Co. Ltd, Guotai Junan Securities (Hong Kong) Ltd, Shenwan Hongyuan Securities HK Ltd, and TradeGo Markets.

Xiaocaiyuan International Holding Ltd (Ticker: 999 HK) is a retail company operating in the restaurant industry, specializing in Hui cuisine and Chinese catering. The company, whose name means “Little Vegetable Garden”, has over 661 directly operated stores across major regions in China and provides cold-chain logistics services to its locations.

Xiaocaiyuan is listing on the Hong Kong Stock Exchange on December 20, 2024. The IPO included 101.18 million shares priced at HKD 8.50 each, raising HKD 860.04 million (USD 110.63 million). The market capitalization at the offer is HKD 10 billion (USD 1.29 billion). The offering was managed by ABCI Securities Co. Ltd., CMB International Capital Corp. Ltd., Guoyuan Securities Brokerage Hong Kong Ltd., Huatai Financial Holdings Hong Kong Ltd., and ICBC International Securities Ltd.

dely inc. (Ticker: 299A JP) is a Japanese company that operates multiple smartphone applications and web media platforms, including "Kurashiru," a leading recipe video service with over 44 million downloads, and "Kurashiru Reward," a shopping support app. The company also manages "TRILL," a lifestyle media platform, and "LIVEwith," a live-streaming talent management service.

dely inc. is scheduled to list on December 19, 2024, on the Growth Market of the Tokyo Stock Exchange. The firm plans to raise approximately USD 100 million through its initial public offering, with an expected market capitalization of about USD 330 million. The offering is managed by Daiwa Securities, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., and other underwriters.

Synspective Inc. (Ticker: 290A) is a space technology company specializing in the development and operation of small synthetic aperture radar (SAR) satellites. The company also provides SAR data and related solutions for advanced earth imaging.

Synspective will list on December 19 on the Tokyo Stock Exchange Growth Market. The firm is offering shares with a total offer size of approximately USD 66.97 million. The expected market capitalization at the offering is approximately USD 273.32 million. The offering is managed by Nomura.

Kioxia Holdings Corporation (Ticker: 285A JP) is a technology company specializing in NAND flash memory and solid-state storage solutions for consumer electronics, data centers, and industrial applications. Kioxia will list on December 18 on the Tokyo Stock Exchange Prime Market.

The firm is offering shares with a total offer size of approximately USD 700 million. The expected market capitalization at the offering is approximately USD 5.04 billion. The offering is managed by Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and Nomura.

Kuroda Group Co., Ltd. (Ticker: 287A JP) is a manufacturing and trading company specializing in electric materials, electronic components, LCD printing plates, and automation equipment for the electronics and automotive industries. Founded in 1945, the company operates across four main business areas: manufacturing (direct materials and production goods) and trading (domestic and overseas). Kuroda Group will list on December 17, 2024, on the Standard Market. The company is offering shares to raise $54.44 million, with an expected market capitalization of $208.69 million. The offering is managed by SMBC Nikko and Nomura.

M&C Solution (Ticker: 484870 KS) is a hydraulic equipment manufacturing company that focuses on advanced hydraulic systems and defense technology. Originally part of South Korean industrial conglomerate Doosan, the company was spun off in December 2020 as part of a business realignment strategy. M&C Solution will list on the KOSPI market on December 16, 2024. The firm is offering shares with a total offer size of USD 171.98 million. The offering is managed by KB Securities, Samsung Securities, and Kiwoom Securities.

ServiceTitan (Ticker: TTAN) is a software company specializing in end-to-end, cloud-based solutions for trades businesses. Its platform supports workflows like advertising, scheduling, dispatching, invoicing, and payment processing. ServiceTitan will list on December 12, 2024, on NASDAQ.

The company is offering 8.8 million shares at a revised price range of $65.00 to $67.00, aiming to raise approximately $589.6 million at the midpoint. The expected market capitalization at the offer is $5.95 billion. The offering is managed by Goldman Sachs, Morgan Stanley, Wells Fargo Securities, and Citigroup, with additional co-managers.

Intea Fastigheter AB (Ticker: INTEAB SS) is a real estate company specializing in the operating and development of properties. The company will list its Class B shares on December 12, 2024, on the Stockholm Stock Exchange in Sweden.

The firm is offering 63.63 million shares, with 52.63 million primary shares and 11 million secondary shares, at an expected price range of SEK 38.00 to SEK 40.00. The total offer size is expected to be SEK 2.55 billion (USD 232.99 million). The offering is managed by ABG Sundal Collier AB, Carnegie Investment Bank AB, and Svenska Handelsbanken.

Eucalia Inc. (Ticker: 286A.TK) is a healthcare services company based in Tokyo, Japan. Founded in 2005, the company focuses on transforming healthcare through a range of businesses, including management support for medical institutions and the operation and introduction of senior care facilities. Eucalia’s mission is to improve the quality of life for patients, caregivers, and healthcare professionals while stabilizing medical and nursing facility operations and advancing digital transformation in healthcare.

The company will list on December 12, 2024, on the Growth Market in Tokyo. The offering consists of 3,942,900 new shares and 6,368,000 existing shares, with an over-allotment option of 1,546,600 shares. The expected price range for the offering is ¥1,020–¥1,060 per share.

The anticipated market capitalization at the offer price is ¥34.02 billion (USD ~229.66 million), with a total offer size of ¥10.32 billion (USD ~69.57 million). SBI Securities Co., Ltd. is the lead underwriter for the IPO.

Talabat is a food and grocery delivery platform operating in the Middle East, with a presence in Kuwait, UAE, Oman, Qatar, Bahrain, Jordan, Iraq, and Egypt. The company, founded in 2004, serves over six million active customers.

Talabat will list approximately 4.65 billion shares, representing a 20% stake, on the Dubai Financial Market, following an increase in the offer size from 15% due to significant international and regional investor demand. The IPO subscription period is set for November 19-28, with trading expected to begin on or around December 10. Shares are priced between 1.5 and 1.6 dirhams ($0.41–$0.44) each, with the offering projected to raise up to $2 billion if priced at the top of the range. Proceeds from the IPO will be directed to Talabat’s parent company, Delivery Hero, for general corporate purposes.

The IPO is managed by Emirates NBD, JP Morgan, and Morgan Stanley, who serve as joint global coordinators and book-runners.

Mao Geping Cosmetics Co. Ltd. (Ticker: 1318.HK) is a Chinese cosmetics company specializing in premium beauty products. The company plans to list on December 10, 2024, on the Hong Kong Stock Exchange. Mao Geping Cosmetics is offering 70.59 million shares at an expected price range of HKD 26.30–29.80, aiming to raise HKD 2.10 billion (USD 270.3 million).

The total offer includes a 15% greenshoe option. The offering is managed by ABCI Capital Ltd, CCB International Capital Ltd, CMBC Securities Co Ltd, China Galaxy International Securities (Hong Kong), Guotai Junan Securities (Hong Kong), and Huatai Financial. Proceeds will be used for expanding the company's sales network and enhancing its online presence.

Apotea Sverige AB (Ticker: APOTEA SS) is one of Sweden's largest online pharmacies, providing over-the-counter products, prescription drugs for humans and animals, and medical advice via email, online chat, and telephone. The company plans to raise approximately SEK 1.64 billion (USD 148 million) through its initial public offering by offering shares at an IPO price of SEK 58 per share. Apotea Sverige AB is scheduled to list on December 6, 2024, on the Nasdaq Stockholm exchange.

The offering is supported by cornerstone investors, including Capital Group, Nordea Asset Management, and Ramsbury Invest. Carnegie Investment Bank AB and Skandinaviska Enskilda Banken AB are managing the share sale.

PT Adaro Andalan Indonesia (Ticker: AADI IJ) is a mining company specializing in coal production as a fuel for domestic use, serving customers worldwide. The company plans to raise IDR 4.32 trillion (USD 273.75 million) through its initial public offering by offering 778.69 million common shares at IDR 5,550 per share.

PT Adaro Andalan Indonesia is scheduled to list on December 5, 2024, on the Indonesia Stock Exchange. The offering is managed by Trimegah Securities, with an expected market capitalization at offer of IDR 43.22 trillion (USD 2.74 billion).

United International Holding Company (Ticker: UIHC AB) is a Saudi Arabian financial services firm specializing in Shariah-compliant consumer finance through its units, Tas’heel Finance and Procco Financial Services. The company plans to raise SAR 990 million (USD 264 million) in its initial public offering by selling a 30% stake at an offer price of SAR 132 per share, which is at the top end of the marketed price range. United International is scheduled to list on December 3, 2024, on the Saudi Stock Exchange (Tadawul).

The IPO, managed by HSBC Saudi Arabia as financial adviser, lead manager, and bookrunner, with EFG Hermes KSA as joint bookrunner, attracted strong demand, being oversubscribed 132 times with orders exceeding SAR 131 billion (USD 34.9 billion). The expected market capitalization at the offer price is approximately SAR 4.3 billion (USD 1.15 billion).