In a slow week for IPOs, Megan Holdings opened for trading on Friday at $4, the low end of its initial public offering price range.

LATEST IPOS AND DIRECT LISTINGS:

Megan Holdings (MGN) opened on September 26 at $4. The Malaysia-based company principally engaged in the development, construction, and maintenance of aquaculture farms and related works priced 1.25M shares at $4.00. The IPO priced at the low end of its $4.00-$6.00 range. The company expects proceeds from the offering will be used for sales and marketing; expansion opportunities through merger and acquisition activities; development of its "Smart Farming System" and general working capital and corporate purposes.

RECENT SPAC IPOS:

FutureCrest Acquisition (FCRS) opened on September 26 at $10.35. The blank check company may pursue an acquisition opportunity in any business or industry but expects to focus on a target in the AI, digital assets, fintech, infrastructure, robotics and communications industries.
Emmis Acquisition (EMIS) opened on September 25 at $9.99. The blank check company will focus on industrial and business services, manufacturing, transportation, and/or distribution and/or technology sectors.
Drugs Made In America Acquisition II (DMII) opened on September 25 at $9.98. The blank check company intends to focus its search for businesses in the pharmaceutical industry.

PERFORMANCE: Prices as of 11.45 am ET on Monday, September 29

Megan Holdings – down over 27% at $3.50.

RECENT IPOS TO WATCH: Fitness Champs (FCHL) is among stocks that could see new coverage this week as the quiet periods for banks that underwrote the companies' IPOs expire.

UPCOMING IPOS: Upcoming IPO and direct listings expected include Ethos (LIFE), Lendbuzz (LBZZ), Alliance Laundry Systems (ALH), and Sea Forres (SFTI).

Click here to see upcoming IPO calendar on TipRanks.

Opening Day" is The Fly's recurring series of stories on the latest initial public offerings, their performance, and upcoming IPOs.

Company News

Charts

Company News

Charts