Weekly watch on US stocks IPO+Listings this week

IPO in last week:

• Asset Entities Inc. (Asset Entities Inc.$(ASST)$) (first day-29%) 
• Structure Therapeutics (STRUCTURE THERAPEU SPON ADS EACH REP 3 ORD$(GPCR)$) (first day +73%)
• Atlas Lithium (Atlas Lithium Corporation$(ATLX)$) (first day-12.35%)
• TXO Energy Partners (Morningstar Partners LP$(TXO)$) (first day +10%)
• Genelux Corp. (Genelux Corporation$(GNLX)$) (first day +1%)

Listing this week:

• Conglian Group $聪链(ICG)$
• The NFT Gaming Company Inc (The NFT Gaming Company, Inc.$(NFTG)$)
• La Rosa Holding Corp (La Rosa Holdings Corp$(LRHC)$)
• Neuraxis Inc (Neuraxis, Inc.$(NRXS)$)
• Ultimax Digital Inc (ULTIMAX DIGITAL, INC.$(NFTU)$)
• Curative Biotechnology Inc (CURATIVE BIOTECHNOLOGY INC.$(CUBT)$)
• Elephant Oil Corp (Elephant Oil Corp.$(ELEP)$)

Other presentation companies:

• American e-cigarette and marijuana e-cigarette product brand company Ispire Technology (ISPR)
• Singapore interior design and decoration service provider FSB Global (FBGL)
• Atlas Energy Solutions, a provider of oil and gas fracturing sand ($(AESI)$)

In addition:

• Geely's Lutes Technology Lotus plans to backdoor SPAC is listed on $NASDAQ(.IXIC)$ in the United States

SPAC:

Cheche Technology, China's leading independent technology platform for auto insurance, plans to pass with$Prime Impact Acquisition I(PIAI)$Merger and listing

Lotus Technology, an electric vehicle manufacturer owned by Geely Holdings, will pass the$L Catterton Asia Acquisition Corp(LCAA)$Business merger and listing on NASDAD.

Special Focus

I. Ispire Technology

Ispire Technology$(ISPR)$It filed with the SEC on Jan. 31, and plans to raise up to $42 million in an initial public offering and issue 6 million shares at a price of $6 to $8.

The company is engaged in the research and development, design, commercialization, sales, marketing and distribution of branded electronic cigarettes and hemp atomization products. The company sells tobacco products all over the world except China and Russia.

The company's tobacco products are sold under the Aspire brand, mainly through its distribution network. Ispire Technology was established on June 13, 2022 to acquire the business of Chinese e-cigarette brand Aspire Global (ASPG) and its subsidiaries.

As a vertically integrated enterprise, the company is mainly engaged in the research and development, design, commercialization, manufacturing, sales, marketing and distribution of branded electronic cigarettes. The company's global distributor network consists of more than 150 distributors, and sells tobacco evaporator technology products to 30 countries and regions around the world under Aspire brand. In December 2020, ISPIRE marijuana e-cigarette products were also sold in the United States.

2. Hesai Technology submitted a prospectus

Hesai Technology officially submitted the F-1 document to the US Securities and Exchange Commission (SEC) on January 17, EST, and plans to list on $NASDAQ(.IXIC)$ under the stock code "HSAI", with Goldman Sachs, Morgan Stanley, Credit Suisse and Huatai International as joint lead underwriters.

Founded in 2014, the company is a global head lidar enterprise. From 2017 to December 31, 2022, more than 103,000 lidars have been sold, of which more than 80,400 have been sold in 2022. The lidar products of Hesai Technology can be mainly used in three scenarios: First, passenger cars or commercial vehicles with Advanced Driving Assistance System (ADAS); Second, the fleet that provides passenger and freight mobile services; Third, last mile delivery robots, street cleaning robots and logistics robots in restricted areas, or robots, etc.

On the shareholder side,. Before the IPO, Lightspeed held 17.5% of Hesai Technology and was the largest institutional investor; Baidu, Bosch Venture Capital, Xiaomi and Yuanzhan Capital hold 6.8%, 6.6%, 6.3% and 5.9% respectively. In addition, Meituan, Gaochun, Qiming Venture Capital, CPE Yuanfeng and Detong Capital are all investors of Hesai Technology.

In terms of performance, the company's revenue from 2019 to 2021 was 348 million yuan, 416 million yuan and 721 million yuan respectively.

3. FBS Global Submits Prospectus

FBS Global$(FBGL)$On January 31st, the company plans to issue 3.8 million shares at a price of $4, raising $15 million. Underwritten by Pacific Century Securities.

Founded in March 1996 and headquartered in Singapore with 18 full-time employees, FBS SG operates mainly through its operating company Finebuild Systems Pte Ltd. Since its establishment in 1996, FBS SG has been a construction company and has developed into a first-class integrated engineering company providing a full range of construction and engineering services.

The company is a well-known expert in interior design and architecture (also known as "decoration") in Singapore, with a track record of over 20 years in institutional, residential, commercial and industrial construction projects. FBS Global's business scope includes the design, supply and installation of ceilings, partitions, wooden decks, carpets, lead linings, soundproof panels, built-in furniture, carpentry and electrical and mechanical services for buildings. FBS Global also undertakes major construction projects.

In terms of performance, in the past fiscal years 2021 and 2022 (to June 30), the revenue was 6.9 million Singapore dollars and 8.99 million Singapore dollars respectively, and the net profit for the same period was-230,000 Singapore dollars and 680,000 Singapore dollars respectively.