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LQR House, which provides digital marketing and branding services to the alcohol industry, went public on Thursday, raising $5 million million in its IPO. Meanwhile, the maker of a non-surgical neuromodulation device for children with IBS-related pain, NeurAxis, raised $7 million in its initial public offering.

Latest IPOs and Direct Listings

LQR House (LQR) opened on Aug. 10 at $5. The company had priced its initial public offering of 1 million shares of common stock at a public offering price of $5.00 per share. LQR said it "intends to become the full-service digital marketing and brand development face of the alcoholic beverage space."

NeurAxis (NRXS) opened on Aug. 9 at $6.30. The medical technology company, commercializing neuromodulation therapies that address chronic conditions in children and adults, had priced its initial public offering of 1,098,667 shares of common stock at an initial public offering price of $6.00 per share.

Fitell (FTEL) opened on Aug. 8 at $5. The online retailer of gym and fitness equipment in Australia had priced its initial public offering of 3 million shares at a public offering price of $5.00 per share.

Performance

• LQR House ended the week at $3.
• NeurAxis finished Friday at $6.15.
• Fitell ended the week at $2.52.

Recent IPOs to Watch 

Oddity (ODD), BioNexus Gene Lab (BGLC), and Turnstone Biologics (TSBX) are among stocks that could see new coverage roll out this upcoming week as the quiet periods for banks that underwrote the companies' IPOs expire.

Upcoming IPOs

Upcoming IPO and direct listings expected include VS Media, Hand in Hand Metaverse Marriage, Northann, Simpple, SoftBank's Arm, and Alibaba's Freshippo.

VS Media has applied for an initial public offering listing up to 2 million shares on the Nasdaq under the symbol "VSME," and the company expects the offering price will be $5.00 per share. Founded in 2013, the company, incorporated in the British Virgin Islands, manages a network of digital creators who create and publish content to social media platforms.

Hand in Hand Metaverse Marriage Technnology Co. has filed with the SEC for an initial public offering of ordinary shares. The company has applied to list its ordinary shares on the Nasdaq Capital Market under the symbol "HAND." In its prospectus in the filing, the company states: 

"Hand in Hand Metaverse Marriage Technology Co., Ltd is a brand company focusing on providing high-quality dating and dating services for the new generation and middle-aged and elderly single groups with clear marriage and dating plans, and accurately matching individual needs with a powerful digital system.

"The company focuses on service innovation in the marriage and love market, and uses standardized, standardized, technological and large-scale landing operations to help offline stores quickly enhance brand power and influence. At the same time, the online platform creates a personalized 'meta-universe Al matchmaker' to analyze user data preferences; Use powerful web3 environment big data to match accurate and suitable potential objects for users."

Northann has filed with the SEC for an initial public offering of 3 million shares of common stock on a firm commitment basis. "We expect that the initial public offering price will be between $3.00 and $5.00 per share. Prior to this offering, there has been no public market for our common stock. We intend to list our common stock on the NYSE American under the symbol 'NCL,'" the filing stated.

Simpple filed an initial public offering of 1.625 million ordinary shares. The estimated initial public offering price is expected to be between $4.00-$5.00 per share. The company has applied to list its shares on the Nasdaq Capital Market under the symbol "SPPL."

SoftBank Group (SFTBY), which said in March it planned to list chip maker Arm Ltd in the U.S. stock market, has filed with regulators confidentially for a U.S. stock market listing, people familiar with the matter told Reuters' Anirban Sen and Echo Wang earlier this year. Arm plans to sell its shares on Nasdaq later this year, seeking to raise between $8 billion and $10 billion, setting the stage for this year's largest initial public offering, the sources said.

SoftBank has been targeting a listing for Arm, which competes with Intel and others, since its deal to sell the semi chip designer to Nvidia for $40 billion collapsed last year because of objections from antitrust regulators, the report noted.

Freshippo, the Alibaba (BABA) grocery chain known for selling cooked lobsters and grouper freshly chosen from fish-tanks in the store, started preparations for a Hong Kong initial public offering, Bloomberg's Pei Li and Manuel Baigorri reported earlier, citing people familiar with the matter.

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