In today’s briefing:
- IPO Databook: Transwarp Technology (Shanghai) (HK) – Aug 2026
- IPO Databook: Dizal Pharmaceutical (HK) – Aug 2026
- IPO Databook: Shanghai Vision Star Media (HK) – Aug 2026
- IPO Databook: Reliance Global Group (EZRA US) – Aug 2026
- IPO Databook: Youmi (US) – Aug 2026
IPO Databook: Transwarp Technology (Shanghai) (HK) – Aug 2026
- Transwarp Technology (Shanghai) Co., Ltd. is a leading AI infrastructure software provider in China, selling products and services to enterprise and government customers.
- Transwarp is the largest independent AI infrastructure software provider in China, serving over 1,800 customers, with repeat purchases averaging over 70% of revenue.
- Revenue was 447,069 RMB’000 in 2025, with a gross profit of 236,010 RMB’000. The company recorded net losses throughout the Track Record Period.
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IPO Databook: Dizal Pharmaceutical (HK) – Aug 2026
- Dizal Pharmaceutical is a commercial-stage biopharmaceutical company focused on oncology and hematological diseases, with two commercialized products and a pipeline.
- ZEGFROVY® is the world’s first small molecule EGFR TKI approved for lung cancer with EGFR exon20ins mutations.
- Revenue was RMB801,136 thousand in 2025 and RMB522,693 thousand for the six months ended June 30, 2026.
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IPO Databook: Shanghai Vision Star Media (HK) – Aug 2026
- The company is a leading integrated marketing service provider in China, offering a comprehensive portfolio including IP-based brand marketing and celebrity marketing services.
- The company was the fifth largest integrated marketing service provider in China by revenue in 2025, with a revenue CAGR of 15.8% from 2023 to 2025.
- Revenue was 8,371,848 in 2025, with a gross profit of 362,014 and profit for the year of 95,876 in the same year.
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IPO Databook: Reliance Global Group (EZRA US) – Aug 2026
- Reliance Global Group, Inc. is a diversified company primarily operating in the insurance market, acquiring agencies and developing Insurtech platforms. It is also expanding into artificial intelligence, technology, and healthcare.
- The company operates six insurance agencies and its 5MinuteInsure.com platform is in 46 states. RELI Exchange increased its agent roster by almost 300% since inception.
- The Market Value of Listed Securities has been below the $5.0 million threshold, and the company needs to raise additional capital.
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IPO Databook: Youmi (US) – Aug 2026
- Youmi Inc. is an early-stage Nevada corporation developing a community convenience store franchising business and a planned digital store-management platform.
- Youmi is an early-stage company developing a convenience store franchising business and a digital platform, generating no revenue through April 30, 2026, but receiving a $3,000 fee on May 15,.
- As of April 30, 2026, Youmi reported Total Assets of $202,508, Cash and cash equivalents of $132,508, and a Net Loss of $(906) since inception.
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