2025 IPO Pricing and Performance

IPO - Pricing (16)
Revere Securities

Date	Company Name	Sector	Price ($)	Size (M)	1	2	3	Turnover	Gain
						UnderWriters*
Dec 19	Leishen Energy	Energy	4	1	DS	RS		147%	8.7%
Dec 13	NetClass Techno	Technology	5	1	NWBR	RS		132.7%	0%
Dec 3	Jupiter Neurosc	Health Care	4	2	DS	RS		80.6%	37.3%
Nov 22	Ming Shing Grou	Basic Industries	5.5	1	AXND	RS		43.9%	1.6%
Oct 16	PTL Limited	Energy	4	1	DS	RS		207.3%	1.8%
Oct 15	Samfine Creatio	Consumer Services	4	2	Cathay	RS		95.4%	32.5%
Oct 2	Wellchange Hold	Technology	4	2	DS	RS		116.4%	2.8%
Sep 30	ZJK Industrial	Basic Industries	5	1	Cathay	DS	RS	83.9%	0%
Sep 16	Impact Biomedic	Health Care	3	1	RS			13.6%	-10.7%
Jul 19	QMMM Holdings L	Technology	4	2	WLBT	RS		137.3%	1.8%
May 15	Raytech Holding	Consumer Non-Durables	4	1	RS			158.6%	5.8%
May 12	Linkers Industr	Basic Industries	4	1.9	RS	RFL		90960000%	8.3%
Apr 23	Neo-Concept Int	Consumer Services	4	2	RS	RFL		305.3%	137.5%
Apr 16	Top Wealth Grou	Consumer Services	4	2	RS			157.1%	-56.8%
Feb 14	Unusual Machine	Technology	4	1	DS	RFL	RS	28.7%	-24.3%
Jan 18	CCSC Technology	Technology	4	1	RS			370.1%	92.5%

* Lead manager or one of top three managers in an underwriting team.