Upcoming IPOs
Dynamic Map Platform Co., Ltd. (Ticker: 336A JP), a Japanese company specializing in high-precision 3D map data (HD maps) for autonomous driving and related location solutions, plans to list on the Tokyo Stock Exchange Growth Market on March 27, 2025. The IPO offering is for 6.16 million shares (4.81 million primary and 1.35 million secondary) with an indicative price range of ¥1,130-¥1,200 (USD 7.63 - 8.10). The upsized IPO aims to raise up to ¥7.4 billion (USD 50.3 million). An overallotment option of up to 924,000 primary shares exists. The company was incorporated in 2016. Key shareholders include INCJ and GeoTechnologies, which are the sellers in this offering, proceeds reportedly go to them. SMBC Nikko is the bookrunner. The Market Cap is USD 148.45 million.
Asker Healthcare Group AB (Ticker: ASKER SS), a Swedish company operating in the medical labs and testing services industry, plans to list on the Stockholm Stock Exchange on March 27, 2025. The IPO offering consists of 126.95 million shares (21.43 million primary and 105.52 million secondary) at a fixed price of SEK 70 (USD 6.85), aiming to raise SEK 8.89 billion (USD 869.14 million). An overallotment option of 19.04 million shares also exists. The IPO could give the company an implied market valuation of SEK 26.8 billion (approximately USD 2.6 billion). Cornerstone investors have committed to acquiring shares worth SEK 5.8 billion. Majority owner Nalka Invest AB intends to retain a majority stake. The company intends to use about SEK 1.2 from IPO proceeds billion to refinance existing credit facilities. BNP Paribas, Carnegie, Citi, Danske Bank and Nordea are managing the offering.
Process Technologies Group, Inc. (Ticker: 339A JP), a Japanese company providing digital solutions and digital engineering services for major manufacturers, plans to list on the Tokyo Stock Exchange Growth Market on March 28, 2025. The IPO offering consists of 3,807,200 shares (707,200 primary and 3,100,000 secondary) with an indicative price range of ¥1,890 - ¥1,950 (USD 12.76 - 13.17). The offering aims to raise approximately USD 49.51 million. An overallotment option of 571,000 shares is available. The company was established in 2020. The lead underwriter is Nomura. Major shareholders, predominantly venture capital funds managed by JAFCO (JAFCO SV6), are the sellers in this offering. Proceeds from sale of new shares will go to company.
CoreWeave, Inc. (Ticker: CRWV US), a company specializing in cloud computing infrastructure and services for AI, plans to list on NASDAQ on March 28, 2025. Describing itself as "The AI Hyperscaler," CoreWeave offers a proprietary cloud platform optimized for AI workloads. The IPO consists of 49 million shares (47.18 million offered by the company and 1.82 million by selling stockholders) with a price range of $47.00 to $55.00, aiming to raise approximately $2.5 billion. Its market cap is estimated at $24.15 billion. The company was founded in 2017. CoreWeave's platform is used by major AI companies, including Cohere, IBM, Meta, Microsoft, Mistral, and NVIDIA. The lead underwriters are Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays, Citigroup, MUFG, Deutsche Bank Securities, Jefferies, Mizuho, Wells Fargo Securities and BofA Securities.
Bgin Blockchain Ltd. (Ticker: BGIN US), a Cayman Islands-incorporated company with operations in Singapore, Hong Kong, and the U.S., designs and sells cryptocurrency mining equipment, focusing on alternative currencies. The company plans to list on NASDAQ on April 1, 2025. The IPO consists of 6.3 million shares with a price range of $7.00-$9.00, aiming to raise $50.0 million. Bgin's subsidiaries design and sell mining machines with proprietary ASIC chips for mining cryptocurrencies. They also offer miner hosting services. The underwriters are Chardan and The Benchmark Company. For the fiscal year ended December 31, 2023, and the six months ended June 30, 2024, the company sold 67,998 and 47,252 mining machines, respectively. The company reported revenue of $392.23 million and net income of $201.94 million for the last 12 months, with operations heavily dependent on KAS coins. Market cap is $652 million.
OMS Energy Technologies, Inc. (Ticker: OMSE US), a Cayman Islands-incorporated company with headquarters in Singapore, is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. The company plans to list on NASDAQ on April 2, 2025. OMS Energy Technologies is offering 5.6 million ordinary shares at a price range of $8.00-$10.00, aiming to raise $50.0 million. The company serves onshore and offshore exploration and production activities, primarily in the Asia Pacific and MENA regions. Roth Capital Partners is the manager for the offering.
SmartStop Self Storage REIT, Inc. (Ticker: SMST US), a US-based internally managed Real Estate Investment Trust, specializes in owning and operating self-storage facilities across the United States and Canada. SmartStop plans to list on the NYSE on April 2, 2025. The IPO consists of 27.0 million shares offered within a price range of $28.00 to $36.00, aiming to raise approximately $864.0 million. As the 11th largest self-storage owner/operator in the U.S., its portfolio includes 159 properties. The estimated market capitalization is $1.64 billion. The offering is managed by Citigroup, Wells Fargo Securities, KeyBanc Capital Markets, and BMO Capital Markets.
Past IPOs
Disclaimer
The IPOX Deal Calendar may not provide a complete list of all global initial public offerings (IPOs). Deals presented are subject to minimum market capitalization requirement (around $100 million) or minimum deal size requirement (around $25 million). Informations about the companies may contain errors. Images are for illustrative purposes only. Companies pursing an IPO on Over-The-Counter (OTC) markets, best efforts offerings, closed-end fund (CEF), REITs, mainland China stock (A share) are not included. Please refer to the Legal Disclaimer.