Three Small IPOs Set to Raise $46 Million Next Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
0mins
Source: renaissancecapital
- IPO Plans: Three small IPOs, including Apimeds Pharmaceuticals, Baiya International, and FatPipe, are set to raise $20 million, $13 million, and $5 million respectively, totaling $46 million, indicating sustained market interest in emerging companies.
- Market Positioning: Apimeds focuses on developing a bee venom therapy for knee osteoarthritis, Baiya International provides recruitment services, and FatPipe offers enterprise-grade network solutions, all seeking to expand their market share in their respective fields.
- Market Dynamics: With seven companies expected to release street research reports and six lock-up periods expiring, market activity is anticipated to increase, potentially attracting more investor attention to newly listed companies.
- IPO Market Performance: As of March 6, 2025, the Renaissance IPO Index is down 10.3% year-to-date, while the International IPO Index is up 8.1%, reflecting a divergence in market performance that may influence investor decisions.
Get Free Real-Time Notifications for Any Stock
Monitor tickers like APUS with instant alerts to capture every critical market movement.
Sign up for free to build your custom watchlist and receive professional-grade stock notifications.
Analyst Views on APUS
About APUS
Apimeds Pharmaceuticals US, Inc., is a clinical-stage biopharmaceutical company. The Company is engaged in developing Apitox, an intradermally administered bee venom-based toxin. It is focused on developing Apitox in the treatment of inflammatory conditions in the United States, specifically osteoarthritis and multiple sclerosis. Its subsidiary, MindWave Innovations Inc, is a provider of institutional digital asset treasury (DAT) solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Three Small IPOs Set to Raise $46 Million Next Week
- IPO Plans: Three small IPOs, including Apimeds Pharmaceuticals, Baiya International, and FatPipe, are set to raise $20 million, $13 million, and $5 million respectively, totaling $46 million, indicating sustained market interest in emerging companies.
- Market Positioning: Apimeds focuses on developing a bee venom therapy for knee osteoarthritis, Baiya International provides recruitment services, and FatPipe offers enterprise-grade network solutions, all seeking to expand their market share in their respective fields.
- Market Dynamics: With seven companies expected to release street research reports and six lock-up periods expiring, market activity is anticipated to increase, potentially attracting more investor attention to newly listed companies.
- IPO Market Performance: As of March 6, 2025, the Renaissance IPO Index is down 10.3% year-to-date, while the International IPO Index is up 8.1%, reflecting a divergence in market performance that may influence investor decisions.
Continue Reading
E.F. Hutton Facilitates APUS and Mindwave Merger with $100 Million PIPE Financing
- Strategic Merger: E.F. Hutton served as the exclusive M&A advisor in the successful merger between Apimeds Pharmaceuticals and Mindwave Innovations, integrating a biotech development platform with AI-driven digital asset management infrastructure, which is expected to drive strategic growth in the biotech sector.
- Financing Support: The merger is backed by a $100 million PIPE commitment, providing a significant financing pathway for the combined entity while integrating Mindwave's AI financial optimization technology to enhance capital management efficiency.
- Market Outlook: The merged company will leverage Apimeds' non-opioid pain management biologics portfolio alongside Mindwave's digital asset yield generation capabilities to establish a scalable platform designed to meet growing market demands.
- Advisory Role: E.F. Hutton played a crucial role in shaping the transaction framework, coordinating investor participation, and guiding the complex diligence process, further solidifying its position in structuring complex capital solutions and cross-sector mergers.
Continue Reading