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$YOSH IPO issued warrants @$4 that's why it's staying at the current price. They sold the warrants at a surplus. Then whenever the price went under the $4 they stopped selling them. This IPO can explode at any given time. The warrants supply has been used and seem to be close to empty. There is so much more potential for a price increase on Monday than on the as ctual IPO day. I am very excited to see what it will do.
A lot of traders may not even know about YOSH yet. YOSH does not come up at all in the Schwab trading platform. It usually takes a day before a new IPO shows up and is easily tradable.
I suppose I could call in an order if I really wanted to (I don't), but that would be a hassle.
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YOSH: Maybe an 800%-UP Close today??????? I would not be surprised -- a Top Ramen morning to all!!! RIGHT???? (Ain't shit happening anywhere else today, Peeps!!!)
Yoshiharu Global Co. (YOSH) IPO date is expected 09/9 IPO Price Range $4.00 - $5.00 Shares Offered 2,750,000 Deal Size $12.38M ??????
Heads up: $YOSH
the offering is for 2.45m shares, but in the prospectus there are 1.32m resale shares also registered as resale shares from selling shareholders. Those shares are not locked up.
Still a tiny float @ 3.8m, but something to be aware of.
Japanese restaurant operator Yoshiharu further lowers share offering ahead of $12 million IPO August 30, 2022 YOSH Yoshiharu Global, which operates seven ramen-focused Japanese restaurants in Southern California, lowered the proposed deal size for its upcoming IPO on Tuesday. The company also disclosed 1H FY22 financials, and removed Valuable Capital as an underwriter.
The Buena Park, CA-based company now plans to raise $12 million by offering 2.8 million shares at a price range of $4 to $5. The company had most recently filed to offer 3.8 million shares at the same range. It originally planned to offer 4 million units before lowering the offering and removing the attached warrants in May. At the revised terms, Yoshiharu Global will raise -27% less in proceeds than previously anticipated.
Yoshiharu is a Japanese restaurant operator specializing in authentic Japanese ramen. The company also offers a variety of sushi rolls, bento menu, and other favorite Japanese cuisine. Yoshiharu currently owns and operates eight restaurants across Southern California, with an additional one new restaurants under construction or in development, and eight more expected to open in 2022.
Yoshiharu Global was founded in 2016 and booked $8 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol YOSH. EF Hutton is the sole bookrunner on the deal.