Top 3 of the Largest IPOs Scheduled for August 2023
<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/08/IPO-10.08.23-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Top 3 of the Largest IPOs Scheduled for August 2023" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><p>The top three largest IPOs in terms of market capitalisation, set to occur in August 2023, comprise the forthcoming stock offerings of companies like Gamer Pakistan Inc., Fitell Corp., and Vitro Biopharma Inc.</p>
<p>Today, we will share with you the distinctive aspects of these issuers' business models, the specifics of their planned initial public offerings, the potential of the target market, delve into the financial standings of these firms, and outline their strengths and weaknesses.</p>
<h2><a></a>1. Gamer Pakistan Inc. IPO – 115 million USD</h2>
<p><strong>Year of registration:</strong> 2021</p>
<p><strong>Registered in:</strong> the US</p>
<p><strong>Headquarters:</strong> Henderson, Nevada</p>
<p><strong>Sector:</strong> technology</p>
<p><strong>Date of IPO:</strong> 10.08.2023</p>
<p><strong>Exchange:</strong> NASDAQ</p>
<p><strong>Ticker:</strong> GPAK</p>
<p>Gamer Pakistan Inc. organises esports tournaments in Pakistan, primarily involving college and university students. According to the issuer, approximately 36.8 million people in Pakistan play video games, and the number is projected to reach 50.9 million by 2026.</p>
<figure><img decoding="async" loading="lazy" width="825" height="517" src="https://blog.roboforex.com/wp-content/uploads/2023/08/1-gpak.png" alt="Championships organised by Gamer Pakistan Inc." class="wp-image-17476" srcset="https://blog.roboforex.com/wp-content/uploads/2023/08/1-gpak.png 825w, https://blog.roboforex.com/wp-content/uploads/2023/08/1-gpak-319×200.png 319w, https://blog.roboforex.com/wp-content/uploads/2023/08/1-gpak-768×481.png 768w" sizes="(max-width: 825px) 100vw, 825px" /><figcaption><em>Championships</em> <em>organised by Gamer Pakistan Inc.</em></figcaption></figure><p>Gamer Pakistan Inc. plans to hold 18 competitions this year. At this stage, the company does not collaborate with advertisers and has no revenue stream. It is anticipated that as the tournaments gain popularity, the issuer will be able to generate revenue from advertising sales.</p>
<p>Investments raised (as at 31.03.2023) amount to 0.54 million USD.</p>
<p>The main investors are Angyalfy Family Trust, Sports Industry of India, Razor Legacy Investments LP, and Bradshaw Capital LLC.</p>
<h3><a></a>The outlook for Gamer Pakistan’s target market</h3>
<p>According to a report by Niko Partners, the global esports market was valued at 1.3 billion USD in 2022. Pakistan’s regional market is in the early stage of development and lacks major players. Its expansion is driven by the increasing number of owners of smartphones and gaming consoles in the country.</p>
<h3><a></a>Financial performance of Gamer Pakistan</h3>
<figure><img decoding="async" loading="lazy" width="1856" height="585" src="https://blog.roboforex.com/wp-content/uploads/2023/08/2-gpak-1856×585.png" alt="Financial performance of Gamer Pakistan Inc." class="wp-image-17477" srcset="https://blog.roboforex.com/wp-content/uploads/2023/08/2-gpak-1856×585.png 1856w, https://blog.roboforex.com/wp-content/uploads/2023/08/2-gpak-360×114.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/08/2-gpak-768×242.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/08/2-gpak-1536×484.png 1536w, https://blog.roboforex.com/wp-content/uploads/2023/08/2-gpak.png 1877w" sizes="(max-width: 1856px) 100vw, 1856px" /><figcaption><em>Financial performance of Gamer Pakistan Inc.</em></figcaption></figure><p>Revenue for 2022: none</p>
<p>Net loss for 2022: 0.31 million USD</p>
<p>Net cash flow (as at 31.03.2023): none</p>
<p>Cash and cash equivalents (as at 31.03.2023): 0.23 million USD</p>
<p>Liabilities (as at 31.03.2023): 0.35 million USD</p>
<h3><a></a>Strengths and weaknesses of Gamer Pakistan</h3>
<p>Strengths:</p>
<ul><li>A promising target market</li>
<li>Experience in organizing a series of esports championships</li>
<li>Favourable market conditions</li>
<li>Low level of competition</li>
</ul><p>Weaknesses:</p>
<ul><li>Lack of revenue</li>
<li>Presence of losses</li>
<li>Dependency on Pakistan’s regulatory authorities</li>
<li>Absence of dividend payment plans</li>
</ul><h3><a></a>Details of the Gamer Pakistan IPO</h3>
<p>Underwriter: WestPark Capital, Inc.</p>
<p>Volume of IPO offering: 3.99 million ordinary shares</p>
<p>Average price: 4.5 USD</p>
<p>Gross proceeds: 17.9 million USD, excluding the sale of options by the underwriter</p>
<p>Expected amount of capitalisation at the time of the IPO: 115 million USD</p>
<p>Potential <a href="https://blog.roboforex.com/blog/2021/06/25/multipliers-for-stock-analysis-getting-to-know-p-s/" data-internallinksmanager029f6b8e52c="189" title="P/S">P/S</a> ratio: none</p>
<p>Average P/S value in the industry: 2.12</p>
<p><em>Join the <a href="https://roboforex.com/partners/affiliate/forex-affiliate/" data-internallinksmanager029f6b8e52c="1" title="forex affiliate">RoboForex partner programme</a> and earn up to 84% of the company's income for attracting clients. Don't miss this opportunity!</em></p>
<a href="https://my.roboforex.com/en/register-partner/" target="_blank" rel="noopener"><img decoding="async" loading="lazy" src="https://blog.roboforex.com/wp-content/themes/robo-blog-2021/images/banners/internal/rf-en__partner-programme__768x68.jpg" alt="Earn up to 84% of Company's profit" width="100%" height="auto" /></a>
<h2><a></a>2. Fitell Corp. IPO – 61.2 million USD</h2>
<p><strong>Year of registration:</strong> 2007</p>
<p><strong>Registered in:</strong> Australia</p>
<p><strong>Headquarters:</strong> Taren Point, Australia</p>
<p><strong>Sector:</strong> consumer cyclical</p>
<p><strong>Date of IPO:</strong> 08.08.2023</p>
<p><strong>Exchange:</strong> NASDAQ</p>
<p><strong>Ticker:</strong> FTEL</p>
<p>Fitell Corp. is a retailer of sports goods and gym equipment for fitness centres, distributing both its own and third-party branded products. It has its own training platform and provides turnkey solutions for opening fitness centres. The company has a customer base of over 100 thousand regular clients.</p>
<figure><img decoding="async" loading="lazy" width="891" height="511" src="https://blog.roboforex.com/wp-content/uploads/2023/08/3-ftel.png" alt="The business model of Fitell Corp." class="wp-image-17478" srcset="https://blog.roboforex.com/wp-content/uploads/2023/08/3-ftel.png 891w, https://blog.roboforex.com/wp-content/uploads/2023/08/3-ftel-349×200.png 349w, https://blog.roboforex.com/wp-content/uploads/2023/08/3-ftel-768×440.png 768w" sizes="(max-width: 891px) 100vw, 891px" /><figcaption><em>The business model of Fitell Corp.</em></figcaption></figure><p>Investments raised (as at 30.06.2022) amount to 1.5 million USD.</p>
<p>The main investor is SKMA Capital and Investment Ltd.</p>
<h3><a></a>The outlook for Fitell’s target market</h3>
<p>According to Global Market Insights, the global fitness equipment market was valued at 10 billion USD in 2020 and could reach 20.8 billion USD by 2027. The compound annual projected growth rate from 2021 to 2027 inclusive is 11%.</p>
<h3><a></a>Financial performance of Fitell Corp.</h3>
<figure><img decoding="async" loading="lazy" width="1856" height="712" src="https://blog.roboforex.com/wp-content/uploads/2023/08/4-ftel-1856×712.png" alt="Financial performance of Fitell Corp." class="wp-image-17479" srcset="https://blog.roboforex.com/wp-content/uploads/2023/08/4-ftel-1856×712.png 1856w, https://blog.roboforex.com/wp-content/uploads/2023/08/4-ftel-360×138.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/08/4-ftel-768×294.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/08/4-ftel-1536×589.png 1536w, https://blog.roboforex.com/wp-content/uploads/2023/08/4-ftel.png 1865w" sizes="(max-width: 1856px) 100vw, 1856px" /><figcaption><em>Financial performance of Fitell Corp.</em></figcaption></figure><p>Revenue for 2022: 8.2 million USD, +17.4%</p>
<p>Net profit for 2022: 0.01 million USD, −98.5%</p>
<p>Net cash flow (as at 30.06.2022): −0.18 million USD</p>
<p>Cash and cash equivalents (as at 30.06.2022): 0.72 million USD</p>
<p>Liabilities (as at 30.06.2022): 3 million USD</p>
<h3><a></a>Strengths and weaknesses of Fitell Corp.</h3>
<p>Strengths:</p>
<ul><li>A promising target market</li>
<li>Patented products and technologies</li>
<li>Favourable market conditions</li>
<li>Increasing revenue</li>
</ul><p>Weaknesses:</p>
<ul><li>Intense competition</li>
<li>Decreasing net profit</li>
<li>Absence of dividend payment plans</li>
</ul><h3><a></a>Details of the Fitell IPO</h3>
<p>Underwriters: Revere Securities LLC and R.F. Lafferty & Co. Inc.</p>
<p>Volume of the IPO offering: 3 million ordinary shares</p>
<p>Average price: 5.5 USD</p>
<p>Gross proceeds: 16.5 million USD, excluding the sale of options by the underwriter</p>
<p>Expected amount of capitalisation at the time of the IPO: 61.2 million USD</p>
<p>Potential P/S ratio: 7.5</p>
<p>Average P/S value in the industry: 1.2</p>
<h2><a></a>3. Vitro Biopharma Inc. IPO – 36.8 million USD</h2>
<p><strong>Year of registration:</strong> 1986</p>
<p><strong>Registered in:</strong> the US</p>
<p><strong>Headquarters:</strong> Denver, Colorado</p>
<p><strong>Sector:</strong> healthcare</p>
<p><strong>Date of IPO:</strong> 11.08.2023</p>
<p><strong>Exchange:</strong> NYSE</p>
<p><strong>Ticker:</strong> VTRO</p>
<p>Vitro Biopharma, Inc. develops medical treatments based on stem cells. The company plans to conduct clinical trials by the end of the year for two treatments targeting post-COVID syndrome and Pitt-Hopkins syndrome.</p>
<figure><img decoding="async" loading="lazy" width="795" height="405" src="https://blog.roboforex.com/wp-content/uploads/2023/08/5-vtro.png" alt="Current developments at Vitro Biopharma Inc." class="wp-image-17480" srcset="https://blog.roboforex.com/wp-content/uploads/2023/08/5-vtro.png 795w, https://blog.roboforex.com/wp-content/uploads/2023/08/5-vtro-360×183.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/08/5-vtro-768×391.png 768w" sizes="(max-width: 795px) 100vw, 795px" /><figcaption><em>Current developments</em> <em>at</em> <em>Vitro Biopharma Inc.</em></figcaption></figure><p>Investments raised (as at 30.04.2022) amount to 26.5 million USD</p>
<p>The major investors are Christopher Furman and Jack Zamora.</p>
<p><em>Would you like to try trading <a href="https://roboforex.com/forex-trading/assets/stocks/" data-internallinksmanager029f6b8e52c="10" title="invest in stocks">stocks</a>, <a href="https://roboforex.com/forex-trading/assets/indices/" data-internallinksmanager029f6b8e52c="11" title="indices trading">indices</a>, <a href="https://roboforex.com/beginners/info/charts/metals/xauusd/" data-internallinksmanager029f6b8e52c="43" title="XAU/USD">gold</a>, currencies, or other instruments? Click on the banner below to access one of the industry's most impressive lists of trading instruments!</em></p>
<a href="https://my.roboforex.com/en/register/" target="_blank" rel="noopener"><img decoding="async" loading="lazy" src="https://blog.roboforex.com/wp-content/themes/robo-blog-2021/images/banners/internal/rf-en__trading-conditions__768x68.jpg" alt="12,000 trading instruments, Spreads from 0, Execution from 0.01 sec" width="100%" height="auto" /></a>
<p></p>
<h3><a></a>The outlook for Vitro Biopharma’s target market</h3>
<p>According to a report by Science Daily, it is extremely difficult to value the market of medicines for the treatment of Pitt-Hopkins syndrome. Since its discovery in 1978, about 500 cases have been officially registered. The potential patient count for this syndrome in the US could reach 10,000 people. However, the issuer notes that its treatment might also be effective for other more common genetic disorders.</p>
<h3>Financial performance of Vitro Biopharma</h3>
<figure><img decoding="async" loading="lazy" width="1856" height="611" src="https://blog.roboforex.com/wp-content/uploads/2023/08/6-vtro-1856×611.png" alt="Financial performance of Vitro Biopharma Inc." class="wp-image-17481" srcset="https://blog.roboforex.com/wp-content/uploads/2023/08/6-vtro-1856×611.png 1856w, https://blog.roboforex.com/wp-content/uploads/2023/08/6-vtro-360×119.png 360w, https://blog.roboforex.com/wp-content/uploads/2023/08/6-vtro-768×253.png 768w, https://blog.roboforex.com/wp-content/uploads/2023/08/6-vtro-1536×506.png 1536w, https://blog.roboforex.com/wp-content/uploads/2023/08/6-vtro.png 1871w" sizes="(max-width: 1856px) 100vw, 1856px" /><figcaption><em>Financial performance of Vitro Biopharma Inc.</em></figcaption></figure><p>Revenue for 12 months (as at 31.10.2022): 3.3 million USD, +151.2%</p>
<p>Net loss for the same period: 6.9 million USD, +51.7%</p>
<p>Net cash flow (as at 31.10.2021): −0.98 million USD</p>
<p>Cash and cash equivalents (as at 30.04.2022): 2.2 million USD</p>
<p>Liabilities (as at 30.04.2022): 4.1 million USD</p>
<h3><a></a>Strengths and weaknesses of Vitro Biopharma</h3>
<p>Strengths:</p>
<ul><li>A promising target market</li>
<li>Proprietary pharmacological developments</li>
<li>Approval for clinical trials</li>
<li>Increasing revenue</li>
</ul><p>Weaknesses:</p>
<ul><li>Intense competition</li>
<li>Presence and increase of net loss</li>
<li>Absence of dividend payment plans</li>
</ul><h3><a></a>Details of the Vitro Biopharma IPO</h3>
<p>Underwriter: ThinkEquity LLC</p>
<p>Volume of IPO offering: 1.8 million ordinary shares</p>
<p>Average price: 5.5 USD</p>
<p>Gross proceeds: 9.9 million USD, excluding the sale of options by the underwriter</p>
<p>Expected amount of capitalisation at the time of the IPO: 36.8 million USD</p>
<p>Potential P/S ratio: 11.15</p>
<p>Average P/S value in the industry: 11.29</p>
<h2><a></a>Summary</h2>
<p>Gamer Pakistan Inc., Fitell Corp., and Vitro Biopharma Inc. intend to go public in August. Their IPOs have the potential to become the largest placements in terms of expected market capitalisation for the month. The first corporation is in the technology sector, the second one is categorised under consumer cyclical, and the third is in healthcare.</p>
<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/08/10/top-3-of-the-largest-ipos-scheduled-for-august-2023/">Top 3 of the Largest IPOs Scheduled for August 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>
Leave a Comment