Golf Putter Maker Soars In Debut, Becomes Best IPO Of 2023

TM Editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Image Source: via Flickr

Shares of Sacks Parente Golf soared in their first trading day, skyrocketing more than 600% after opening at $4. The company, which makes golf equipment, closed above $28 on Tuesday before falling the following trading days.

Latest IPOs and Direct Listings

Sacks Parente Golf (SPGC) opened on Aug. 15 at $4.40. The company had priced its initial public offering of its 3.2 million shares at a price of $4.00 per shares. Sacks has a portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products.

SRM Entertainment (SRM) opened on Aug. 15 at $4. The company had priced its initial public offering of 1.25 million shares at $5.00 per share. SRM is a toy and souvenir designer and developer, selling at theme parks and entertainment venues.

Recent SPAC IPOs

99 Acquisition Group (NNAG) opened on August 18 at $10.14. The blank check company intends to focus its search for a target business in the real estate industry with an aggregate combined enterprise value of approximately $75 million to $150 million.


  • Sacks Parente Golf ended the week at $2.51.
  • SRM Entertainment finished Friday at $2.10.

Recent IPOs to Watch

ParaZero (PRZO), Surf Air Mobility (SRFM), Warrantee (WRNT), Earlyworks (ELWS), and Janover (JNVR) 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 Instacart, VS Media, Simpple, and SoftBank's Arm.

Instacart is planning an initial public offering as soon as September, Bloomberg's Katie Roof and Jackie Davalos reported earlier, citing people familiar with the matter. The largest US online grocery-delivery company could publicly file its plans for an IPO with the US Securities and Exchange Commission as soon as next week, said those cited.

VS Media has applied for an initial public offering listing up to 2 million shares on the Nasdaq under the symbol "VSME" and 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.

Simpple filed an initial public offering of 1.625 million ordinary shares earlier this year. 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's (SFTBY) Arm Ltd. has filled out the roster of underwriters for its initial public offering, with 28 banks in all on the deal, Bloomberg's Amy Or and Liana Baker reported earlier, citing people familiar with the matter. In addition to four lead banks — Barclays, Goldman Sachs, JPMorgan, and Mizuho Financial Group — the offering will have 10 second-tier underwriters, including Bank of America, Citigroup, Deutsche Bank and Jefferies Financial, those cited added.

More By This Author:

Here Is What Wall St. Experts Are Saying About Walmart Ahead Of Earnings
Here Is What Wall Street Experts Are Saying About Target Ahead Of Earnings
Here's What Wall Street Is Saying About Home Depot, Lowe's Ahead Of Earnings
How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.