IPO Investor Watch: ANCN HKIT HOTH


(NEW YORK)—Below are several Initial Public Offerings (IPO) expect to come to market in near future.

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IPO Watch List

Hoth Therapeutics (HOTH) has filed a preliminary prospectus to register 1.25 million common shares at $5.50 – $6.50 per share to raise gross proceeds of $7.5 million, which was down from $13 million in Oct. 2018.

HiTek Global Inc. (HKIT), a Chinese provider of IT services seeking an initial public offering in New York, has downsized its maximum target to $10 million.

In its initial filing with the U.S. Securities and Exchange Commission in November, HiTek said it sought to raise as much as $23 million in its IPO. HiTek focuses on providing information technology (IT) services to small- and medium-sized businesses, and selling hardware and software to large corporations.

Anchiano Therapeutics (ANCN), which develops a number of cancer treatment from its lead candidate Inodiftagene, intends to sell $35 million of its ADSs in an IPO. Israel-based Anchiano was founded in 2004 to develop treatments for patients with bladder cancer, pancreatic cancer, and ovarian cancer.

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