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Mira Pharmaceuticals made its public debut on the Nasdaq this week. The company raised $8.9 million in its IPO, which it intends to use towards accelerating toxicology and clinical research of its synthetic marijuana analog.

Latest IPOs and Direct Listings

Mira Pharmaceuticals (MIRA) opened on Aug. 3 at $7.00 per share. The company had priced 1.275 million shares at $7.00. Mira is a pre-clinical-stage pharmaceutical company focused on the development and commercialization of a new unscheduled synthetic THC analog, MIRA1a, that is currently under investigation for treating adult patients suffering from anxiety and cognitive decline, often associated with early-stage dementia.

Hanryu Holdings (HRYU) opened on Aug. 1 at $9.50. The company had priced 877,328 shares at $10.00. Hanryu is a media-tech company and creator of FANTOO, which it calls "an all-in-one social media experience connecting k-culture fans globally."

Cheetah Net Supply Chain Service (CTNT) opened on Aug. 1 at $3.75. The company had priced 1.25 million shares at $4.00. The deal was priced at the low end of the $4.00-$6.00 target range. Cheetah Net is a supplier of parallel-import vehicles sourced in the U.S. to be sold in the PRC market.

BV Financial (BVFL) opened on Aug. 1 at $10.50 after listing on Nasdaq. The holding company for BayVanguard Bank announced that Bay-Vanguard, M.H.C. has completed its conversion from the mutual holding company to the stock holding company form of organization, and the company has completed its related stock offering.

As a result of the closing of the conversion, the MHC ceased to exist effective upon the closing of the conversion. After the sale of 9,798,980 shares in the recently completed offering and the exchange of the minority shares, approximately 11,374,706 shares of company common stock are outstanding as a result of the conversion, before taking into account adjustments for fractional shares.

Pixie Dust (PXDT) opened on Aug. 1 at $9.90. The company had priced 1.667 million American Depositary Shares at $9.00 per ADS. The deal size was reduced from 2 million shares of common stock and the price range was $9.00-$10.00. Pixie Dust is a Japanese technology company that says it is "focused on commercializing innovative products and materials utilizing proprietary wave technology."

Performance

• Mira Pharmaceuticals ended the week at $6.01.
• Hanryu Holdings finished Friday at $6.
• Cheetah Net Supply Chain Service ended the week at $2.66.
• BV Financial finished Friday at $9.94.
• Pixie Dust ended the week at $8.95.

Upcoming IPOs

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

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. The offline layout of thousands of cities and thousands of stores, providing marriage consultation, dating advice, etc., to meet personalized needs, create a real, safe and efficient global marriage industry, set social, marriage, travel, education in one of the happy ecology."

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, has started preparations for a Hong Kong initial public offering, Bloomberg's Pei Li and Manuel Baigorri reported earlier, citing people familiar with the matter.

Other IPO-Related News

A listing of Jack Ma-backed Ant Group is unlikely in the short-term, state media reported, citing people close to regulation, according to Reuters.

L Catterton is set to launch an initial public offering of Birkenstock as soon as September that may value the iconic footwear maker at more than $8 billion, Bloomberg's Swetha Gopinath, Eyk Henning, and Ruth David reported, citing people familiar with the matter.

The private equity company backed by luxury French fashion house LVMH (LVMHF) is working with Goldman Sachs and JPMorgan on a potential listing of Birkenstock in the U.S., Bloomberg News reported earlier this month.

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