🏁 5 IPOs This Week — Which One Could Be the Next Market Rocket?

The Nasdaq Composite edged up 0.2% on Monday as enthusiasm for artificial intelligence stocks continued to lift the tech sector, while the S&P 500 slipped 0.3% and the Dow Jones fell 0.9%, weighed down by UnitedHealth.

Chipmakers led gains after Iren announced a $9.7 billion deal with Microsoft to supply Nvidia GPUs, sending Iren shares up 19% and boosting Nvidia and Micron. Nvidia also gained after Microsoft secured export licenses to ship its chips to the UAE as part of a $15.2 billion investment.

Despite strength in AI names, market breadth remained weak, with most S&P 500 stocks declining. Still, October closed on a positive note, with the Nasdaq up 4.7%, supported by AI momentum and easing U.S.-China trade tensions.

Earnings season continues, with over 80% of reporting S&P 500 companies beating expectations, and investors eyeing November, historically the market’s strongest month.

Top Movers: Under $10 

Generation Essentials Group (TGE) is up 53.40% today to trade at the current level of $1.19. This comes after the company announced that TGE has become the exclusive bidder in relation to the acquisition of a hotel located in New York City.

American Resources Corporation (AREC) zoomed 7.38% in today’s trade to $4.13. The company, through its stake in ReElement Technologies, a U.S. leader in rare earth and critical mineral refining, announced a $1.4 billion partnership with the U.S. Department of War’s Office of Strategic Capital.

In current trading, Nocera, Inc (NCRA) stock is at $2.07 after announcing that it has secured up to $300 million in a private placement to support its digital asset strategy and fund strategic acquisitions.

Femasys Inc (FEMY) rose 9.97% in the early hours of today's trading to move at $0.7 after announcing that it secured FDA IDE approval to advance the final pivotal trial phase for FemBloc and entered into a $12 million financing agreement, with potential proceeds up to $58 million.

In the current trading session, Caribou Biosciences Inc (CRBU) jumped 17.76% to $2.85 over a previous close of $2.42 after announcing positive data from CaMMouflage phase 1 trial of CB-011 in Multiple Myeloma.

Ex-Dividend Stocks

Banner Corp (BANR) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.5 per share. It has fixed November 04 as the record date for the same and will pay the actual dividend on November 14. Last year, the company distributed a total of $1.92 to its shareholders. Based on the last year's worth of payments, BANR has a trailing yield of 3.18% on the current stock price of $60.39.

Another stock that is shelling out dividends tomorrow is Baker Hughes Co (BKR), having a market capitalization of $47.77B. It will pay a dividend of $0.23 per share, the payment date of which is November 14. Currently, the stock is trading at a trailing dividend yield of 1.86%.

Shares of First Community Corp (FCCO) will be the talk of the stock market on Tuesday as the stock will turn ex-dividend. The company's next dividend payment will be $0.16 per share, and in the last 12 months, it paid a total of $0.61 per share. Last year's total dividend payments show that FCCO has a trailing yield of 2.28% on the current share price of $26.81.

1st Source Corp (SRCE) is also set to go ex-dividend tomorrow. The next dividend payment from SRCE will amount to $0.4 per share. November 04 has been designated as the record date for this dividend, with the actual payout scheduled for November 14. In the previous year, SRCE distributed a total of $1.48 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for SRCE stands at 2.49% based on the current stock price of $59.44.

Hanmi Financial Corp (HAFC) will be paying out a dividend of $0.27 per share to shareholders holding their shares as of the close of business hours on the record date of November 04. Over the past 12 months, HAFC has paid out a total of $1.06 per share in dividends. Based on the total dividends paid out last year, HAFC boasts an impressive trailing yield of 4.02% on the current share price of $26.4.

Crypto Market Highlights

• TON Strategy reprimanded by Nasdaq over rule violations related to its Toncoin purchases; the company previously operated as Verb Technology Company.

• Zerohash secures EU MiCA license, becoming one of the first infrastructure providers authorized to offer stablecoin services across the European Union.

• Michael Saylor’s Strategy buys 397 Bitcoin (~$45.6M), though the company’s buying pace has slowed compared to pre-October accumulation.

• Privacy-focused cryptocurrencies rally as investor demand for financial privacy and self-sovereign blockchain transactions grows.

• Standard Chartered CEO predicts end of cash, stating all money will digitize and transactions will eventually be settled on the blockchain, during Hong Kong FinTech Week 2025.

Most Shorted Stocks

FG Nexus Inc (FGNX) was one of the most shorted stocks as of the latest short interest figures, with 4.10% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 2.2. This represents a change of 1200400 shares, which corresponds to a +480.93% increase in short interest. The total value of the shares held short is estimated to be around $5.39 million. The average daily volume stands at 733.36K shares, and the market capitalization of the company is $131.52M.

The PMGC Holdings Inc with the symbol ELAB currently has a short interest of 63.17%. The short interest has changed by 407900 shares. The days to cover ratio stands at 0.4. The estimated value of the shares held short is approximately $2.53 million. On an average day, 1.18M shares are traded, with the company's market capitalization totaling $4.41M.

For the stock Psyence Biomedical Ltd (PBM), the current short interest is at 18.35%. This represents a significant short interest change of 64800 shares, corresponding to a short interest percentage increase of +98.03%. The days needed to cover the short positions amount to 0.1. The approximate worth of the shares held short is $0.41 million.

With the symbol GWAV, the stock currently has a short interest of 65.80%. The short interest change is 248900 shares, compared with a short interest percentage change of +387.69%. It would take approximately 0.6 days to cover all the short positions. The shares short value is estimated to be around $0.84 million. The company boasts an average daily volume of 538.05K shares, contributing to a market capitalization of $3.68M.

The stock LCFY has a current short interest of 0.99%. The short interest percentage has experienced decrease of -90.51% while there was a change of -105900 shares in short interest. The ratio indicating the time required to cover short positions is 0.0. The calculated worth of the shorted shares amounts to around $1.35 million. Trading activity averages at 528.22K shares per day, while the company's market capitalization stands at $5.96M.

Upcoming IPOs

BETA Technologies, Inc. (BETA) is all set for its debut on the NYSE exchange on November 04. They are offering shares in the price range of $27.00 to $33.00. With a total of 25,000,000 shares available, the company aims to raise approximately $750.00M through this IPO.

Exzeo Group, Inc. (XZO) will be entering the market with its IPO on November 05, on the NYSE exchange. They are offering shares in the price range of $20.00 to $22.00. They plan to offer 8,000,000 shares, targeting a deal size of $168.00M.

Aeromexico Group (AERO) is also scheduled to make its debut on the NYSE exchange on November 06. They are offering shares in the price range of $18.00 to $20.00. The IPO includes 11,727,325 shares, aiming for a deal size of $222.82M.

BillionToOne, Inc. (BLLN) is set to join the NASDAQ on November 06. They are offering shares in the price range of $49.00 to $55.00. They are offering 3,846,000 shares, with an estimated deal size of $199.99M.

Evommune, Inc. (EVMN) is preparing to debut on the NYSE exchange on November 06. They are offering shares in the price range of $15.00 to $17.00. With 9,375,000 shares available, the company is targeting a total raise of approximately $150.00M through this IPO.

That's it for today. Thanks for reading. Good luck out there!

Best Regards,

Stocks Telegraph Team

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