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Advanced Biomed (ADVB.US) cuts IPO size by 92% to raise $9M

Market IntelTuesday, Oct 29, 2024 3:40 am ET

1min read

Advanced Biomed (ADVB.US), a biotechnology company in Taiwan, has reduced the size of its proposed IPO and changed its sole bookrunner. The company originally planned to issue 25 million shares at a price range of $4 to $5, but now plans to issue 1.9 million shares at a price range of $4 to $6, raising $9 million, a 92% reduction from its previous expectations.

Advanced Biomed operates through its subsidiaries in Taiwan and Hong Kong, focusing on developing microfluidic technology platforms and a series of medical diagnostic devices for early screening, detection, diagnosis, staging, and treatment of cancer.

The company has developed four devices and three corresponding microfluidic biochips, aimed at providing fast and affordable testing products and services for cancer patients. In addition, Advanced Biomed has completed the development of four corresponding immunostaining kits and developed a product for early screening of lung cancer. However, the company has not yet started selling products or generated any revenue.

Advanced Biomed was founded in 2014 and plans to list on the Nasdaq under the ticker symbol ADVB. In the latest filing, the company replaced Univest Securities with Craft Capital Management as its sole bookrunner.

Comments

tenebrium38

04/17

T3 FCU is lit, fighting crime in crypto

WorgenFurry

04/17

Liberland vibes are strong, blockchain adoption FTW.

DORARARARARA-1

04/17

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SussyAltUser

04/17

Decentralized tech transforms economies, Sun drops knowledge bombs.

AbuSaho

04/17

Liberland vibes are strong. Wonder if they'll attract more crypto whales soon.

6roke6oy6

04/17

@AbuSaho Think they'll hit mainstream soon?

Witty-Performance-23

04/17

TRON's Gas-Free is a game-changer, stablecoin transactions smooth.

Just_Fox_5450

04/17

Liberland's got the right vibe, but can they handle the big player drama? 🤔

Wanderer_369

04/17

Holding $TRX long-term, bullish on TRON's ecosystem growth.

Snorkx

04/17

@Wanderer_369 How long you holding $TRX? Got a specific timeframe in mind or just riding it out?

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04/17

Wow!The TSLA stock triggered a trading signal, resulting in substantial gains for me.

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10 hour ago

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05/12

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05/11

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noonewilltakemealive

05/12

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werewere223

05/11

Not a trade deal? Hmm, maybe gold or crypto play? Anyone hedging?

whiteiversonyeet

05/11

Not a trade deal? My portfolio breathes a sigh

skilliard7

05/11

Canada + Trump = surprise hit? Keep your bags ready, folks.

caollero

05/11

What could it be? Maybe something big in clean energy? 🤔 Let's see...

abdul10000

05/11

@caollero Yeah, clean energy's a bet.

Davethulu

05/11

@caollero Could be big for renewables?

lookingforfinaltix

05/11

If it's earth-shattering, better buckle up. Market might get rowdy. 😂

MasterDeath

05/11

Geopolitics shifting, time to adjust our holdings?

Legend27893

05/11

Trump surprises, profits rise. Let's see what's next

szoguner

05/11

"Trump and Canada are about to drop a bomb—on the news, not the economy. Let's hope it's better than their trade war.

turkeychicken

05/11

Speculation station! Anyone betting on infrastructure or tech collaboration?

Bothurin

05/11

Holding $TSLA and $AAPL long-term. Whatever Trump announces, I'll analyze but won't bet the farm.

I_kove_crackers

05/11

What could it be? Speculation market is hot

Similar_Diver9558

3 hour ago

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LonnieJaw748

1 hour ago

@Similar_Diver9558 How long were you holding $PLRZ before closing? Curious about your strategy.

West-Bodybuilder-867

04/27

Fluence's rollercoaster a wild ride. Time to buckle up and see if Faruqi & Faruqi hit the jackpot.

Really_Schruted_It

04/27

Energy storage market's a minefield, watch out!

Revolutionary-Slip48

04/27

Investors, don't sleep on this. Fluence's transparency issues could set a big precedent. Keep eyes peeled for similar red flags in your own holdings.

KookyPossibleTheme

04/27

Fluence got problems, time to hedge bets?

Protect_your_2a

04/27

@KookyPossibleTheme What’s your timeline for holding? Were you in during the whole dip, or did you jump in lately?

Ubarjarl

04/27

Concealing lawsuits and partnership issues is a big no-no. Energy investors need to demand clarity or suffer the consequences.

that_is_curious

04/27

$FLNC stock nosedive was brutal. Anyone else ride that wave down? Time to rethink energy sector exposure maybe.

Bike-Important

04/27

@that_is_curious How long were you holding $FLNC? Was it a significant portion of your portfolio?

paperboiko

04/27

@that_is_curious Same boat, sold mine too early. Thought I could time the market and missed this whole year's dip.

2strange4things

04/27

Faruqi & Faruqi on a roll with these class actions. They might recover some losses, but past results aren't a guarantee here.

Gix-99

04/27

I bailed on $FLNC last year, sensing the storm brewing. Diversification and due diligence are my new best friends now. 🤔

Sorry-Palpitation-70

04/27

@Gix-99 Got out of $FLNC last year too. Diversified into renewables and tech. Seems like the right call now.

Fit-Possibility-1045

04/27

@Gix-99 How long were you holding $FLNC before you decided to bail? Curious if you had any specific triggers that made you take action.

tempestlight

04/27

49% revenue drop? Ouch. That's a serious miss. Makes me wonder how many other energy stocks are hiding similar bombs.

RamBamBooey

04/27

Siemens and AES drama feels like a soap opera. Who knew energy storage could be so juicy? 🍿

TTVJudgementGames

04/27

@RamBamBooey Energy storage drama? More like YOLO trading. Who needs stable partnerships when you can have a wild ride to the bottom? 🤔💸

Sotarif

04/27

Class action lawsuits rife, be warned, folks.

Shot_Ride_1145

04/27

Siemens drama hit hard, FLNC still recovering.

Arturs727

04/27

Bagholding FLNC? Time to cut losses, maybe.

werewere223

04/27

Holding $FLNC since the hype days. My strategy? Diversify like a pro, avoid energy bubble traps.

6roke6oy6

04/27

@werewere223 How long you been holding $FLNC? Any top picks in your diversified portfolio?

Fauster

04/27

Blue Orca's got a knack for exposing truth. Wonder how many more hidden gems they've got lined up.

waterlimes

05/05

M&M's SUV dominance could reach 25% market share. Watch for stock performance against this target. A bullish signal for investors.

LoinsSinOfPride

05/05

NFA platform is a game-changer. Future-proof move with petrol, diesel, hybrid, and electric options. M&M's innovation could outpace rivals.

Amalekk

05/05

@LoinsSinOfPride NFA's versatility is smart. M&M might lead.

vanilica00

05/05

M&M's SUV growth target looks solid with capacity expansion and new models. Export push could be a game-changer. 🚀

racoontosser

05/05

Holding M&M for long; SUV demand is strong.

RadioactiveCobalt

05/05

Thar Roxx is a game-changer, watch this space 🚀

tielgee

05/05

NFA platform = future-proof for M&M. 🤔

Silgro94

05/05

M&M's ICE investment shows balance. Profits in near term, scaling EVs as tech matures. Smart strategy for a nascent market.

KookyPossibleTheme

05/05

Export momentum could boost M&M's FY26 numbers.

Dependent-Teacher595

05/05

Risks? EV adoption and competition. But with 220k pending orders, demand seems strong. Execution risk manageable if they hit capacity.

Overlord1317

05/05

EV market still nascent in India. Mahindra needs to nail cost reductions and battery tech for success.

EROSENTINEL

05/05

@Overlord1317 True, EV market's a wildcard.

PhilosophyMassive578

05/05

M&M's SUV growth looks solid, but EV risk looms.

Just_Fox_5450

05/05

@PhilosophyMassive578 True, EVs are a wildcard.

mrpoopfartman

05/05

Export surge is key. South Africa's success could translate to other markets. M&M's strategy seems on point for global expansion.

GoStockYourself

05/05

XUV 3XO's sales pump is just getting started.

zeren1ty

05/05

M&M's SUV growth target looks solid with capacity boosts and new lifestyle models. But watch out for EV market volatility. 🚀

AGailJones

05/05

CEO Anish Shah's focus on high-margin segments is disciplined capital allocation. Growth gems like SUVs and EVs are the way to go.

vannucker

03/05

Morgan Stanley's tech game is strong; wonder how long before they fully automate client services. 🤔

maximalsimplicity

03/05

$MS is vibing with $AAPL on tech integration. Both giants know digital is the backbone of client service. Future-proofing is key.

Repturtle

03/05

Wealth management on fire at Morgan Stanley

the_doonz

03/05

Tech + wealth = winning combo. MS is gearing up for the future, and I'm holding for the long haul. 🤔

stanxv

03/05

Regulatory landscapes are a challenge, but MS seems ready. Strategic focus and strong infrastructure should keep them in the green.

Turbonik1

03/05

Dividends and buybacks: Morgan Stanley's got game.

Straight_Turnip7056

03/05

Dividends and buybacks are their jam. Shareholder love is real with MS. Long-term gains and steady payouts keep me happy.

Alert-Reveal5217

03/05

@Straight_Turnip7056 How long you been holding MS? You think they'll keep raising dividends?

aiolyfe

03/05

Expense efficiency ratio looking good. 69% is tight. Shows they can manage costs while investing in growth. Smart play.

grailly

03/05

Wealth management on the up! Record revenues and fee-based assets. Looks like MS is cashing in on the rich getting richer.

JC-YNWA

03/05

@grailly What's next for MS?

Traditional-Jump6145

03/05

MS's expense ratio looking lean and mean

QuantumQuicksilver

03/05

Morgan Stanley's tech game is strong. Digital's the future, and they're not sleeping on it. Client engagement gonna get a boost. 🚀

Silgro94

03/05

Tech boost = more moolah for Morgan Stanley

Alert-Reveal5217

03/05

@Silgro94 Think tech boost = long-term gains?

bottomline77

04/15

Damn!!The C stock generated the signal signal, from which I have benefited significantly!

FaatmanSlim

04/23

Energy sector's pain points meet $MCB's solution. Well integrity and cost reduction are gold in this market.

vaxop

04/23

67% labor cost cut? That's wild efficient.

DaddyLungLegs

04/23

McCoy's smarTR™ is a game-changer. Automation could shift TRS forever. Labor costs and safety concerns are huge wins.

Wonderful_Touch5652

04/23

@DaddyLungLegs Approval: Totally agree. Automation rocks.

Relevations

04/23

SmarTR™ could be a game-changer, but macro risks are real. Energy sector's always volatile, but efficiency wins might help McCoy weather the storm.

DumbStocker

04/23

Energy sector needs this kind of innovation.

PunishedRichard

04/23

$MCB's SaaS model is smart. Utilization-based revenue is the future. Scalable and recurring, love it.

xcrowsx

04/23

McCoy's smarTR™ is a game-changer, y'all. 🚀

NRG1788

04/23

Holding $MCB long-term, betting big on automation.

EmergencyWitness7

04/23

SaaS model means recurring revenue, folks.

yeahyoubored

04/23

Offshore tech conference buzz is real.

Striking-Seaweed-734

04/23

Wow!the Peak Seeker algorithm successfully identified both trough and apex inflection points in MSTF equity's price action, while my execution latency resulted in material opportunity cost.

Historyissuper

04/23

@Striking-Seaweed-734 👍

LividAd4250

04/16

$AIRO's valuation feels rich, no? Betting on growth, but those losses sting. Only for the ultra-long-term holders, maybe.

grailly

04/16

@LividAd4250 True, AIRO's valuation seems high, but the eVTOL market has huge potential. It's a gamble, but some see it as a future moonshot.

SHIT_ON_MY_BALLS

04/16

Holding AIRO long-term, betting on drone growth.

NRG1788

04/16

$AIRO's valuation is eye-popping. If they pull off profitability and market dominance, the payoff could be massive. But execution risks are real.

RhinoInsight

04/16

AIRO's eVTOL tech could moon if regs align. But debt repayment over innovation feels like playing it safe. 🤔

Progress_8

04/16

AIRO's international reach might cushion tariff blows. Still, regulatory wins are crucial. Watching their next moves closely.

Wanderer_369

04/16

Tariff pause helps, but execution is key

OckyHanma

04/16

@Wanderer_369 What do you think about their growth potential?

_Ukey_

04/16

Diversification key. Holding $AIRO alongside $TSLA for that eVTOL play. Balance risk with potential, always.

Orion_MacGregor

04/16

Diversify beyond two clients or bust, AIRO.

JRshoe1997

04/16

@Orion_MacGregor Diversify or sink, AIRO.

RamBamBooey

04/16

4.29x price-to-sales ratio screams "speculation." Not for the faint-hearted. Only if you're ready for turbulence. 😎

Historical_Hearing76

04/16

AIRO's eVTOL tech could moon if regulations ease 🚀

Brilliant_User_7673

04/16

Premium valuation feels risky, but potential's huge.

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04/16

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fmaz008

05/07

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5 hour ago

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2 hour ago

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