Three U.S. IPOs show on Webull through Aug. 23; no Hong Kong subscription is live (2026)

Friday, August 21, 2026 is a regular NYSE trading session, with core hours from 9:30 a.m. to 4:00 p.m. ET. 1 Webull's public IPO Center lists three U.S. offerings with an August 23 offering-end date and an August 24 expected listing: BWGC, RIKU and MOT. 2 No Hong Kong public subscription remains open today. 3

Today's spotlight: BW Industrial Holdings (BWGC)

Status: Webull lists BWGC at $6.00-$7.00 with an August 23 offering-end date and an August 24 expected listing. The public page shows the offering in Webull's IPO Center; the exact account-level order screen and cutoff time may require login. 2

Business in one sentence: BW Industrial Holdings provides engineering, procurement and construction services for U.S. industrial facilities, including energy, electronics, automotive parts and semiconductor projects. The company is also developing modular water-treatment systems. 4

Why retail investors care: BWGC is a traditional operating-company IPO rather than a blank-check unit. Its public IPO profile lists 2.625 million shares at $6-$7, or an estimated $17.1 million deal, on the NYSE American. The range was cut from the earlier $7-$9 proposal. The same profile lists $55.6 million of revenue and $7.6 million of net income for the latest 12 months shown. 5

Risk checkpoint: Project revenue can move sharply when customers delay, suspend or cancel large contracts. BWGC's SEC filing describes customer concentration, fixed-price project risk and the early stage of its water-treatment product line. A useful monitor is the first quarterly filing after listing: check whether the top two customers still account for more than roughly 80% of revenue and whether any major project is on hold. 6

Webull's IPO rules require at least $100 in settled funds for each IPO order. That is a cash-eligibility rule, not a disclosed minimum share lot. Webull also says an order is a conditional offer and an allocation may be partial or zero. 7

Actionable now

Webull is the only mainstream-broker path in this check that publicly lists these three offerings with an offering-end date. Robinhood's public IPO Access page names no current offering, E*TRADE directs customers to log in for current deals, and Schwab's public page names no ticker-specific entry. 8 9 10

Ticker	Price range	Minimum buy-in	Deadline shown	Verified broker path	Status
BWGC	$6.00-$7.00	$100 settled funds*	Aug. 23; time not shown	Webull IPO Center	Expected Aug. 24 listing
RIKU	$4.00-$6.00	$100 settled funds*	Aug. 23; time not shown	Webull IPO Center	Expected Aug. 24 listing
MOT	$5.00-$7.00 per ADS	$100 settled funds*	Aug. 23; time not shown	Webull IPO Center	Expected Aug. 24 listing; uplisting/public offering

The $100 figure comes from Webull's general IPO rule. Account eligibility, the live order button and any earlier broker cutoff can differ by offering.

Market pulse

Lyntris showed how selective demand is. LYNX priced at $17.50, below its original $19-$22 range, reduced the deal to 17 million shares from 24 million, and fell 11.4% from the IPO price on its August 19 debut. 11
Recent new issues have split sharply after pricing. Renaissance Capital's latest weekly recap reported VOGX up 14% through August 14 and FOIL up 10%, while SNSC was down 39%. The result depends on the individual deal; a strong IPO tape has not lifted every new listing. 12
The broad scorecard is positive, with wide dispersion underneath. IPOScoop's August 20 scorecard counted 63 gainers, 52 decliners and two unchanged among 117 priced IPOs. Total return from issue price was 9.46%. 13

HK desk: 3223 has moved past subscription

Ingenic Semiconductor, ticker 3223, is closed to new public applications. Phillip's current table lists an offer price of HK$102.80, an August 20 public-subscription close and an August 25 listing date. The page also lists HK$3.216 billion of funds raised. 3

The prospectus set the 100-share first lot at a maximum application payment of HK$10,383.68, including stated fees. That figure is closed-offer context now; it is no longer a live minimum buy-in. 14

On the radar: expected listings through September 4

Public calendars did not disclose an exact pricing date for these names. The dates below are expected listing dates, not guarantees.

Deal	Pricing date	Expected listing	Terms	Why watch
BW Industrial Holdings (BWGC)	Not disclosed	Aug. 24	2.625M shares at $6-$7	Price range was cut; industrial-project execution is the main test. 5
Riku Dining Group (RIKU)	Not disclosed	Aug. 24	5.0M shares at $4-$6	Japanese-style restaurants in Canada and Hong Kong; $25M estimated deal. 15
MetaOptics (MOT)	Not disclosed	Aug. 24	3.0M ADSs at $5-$7; 12 ordinary shares per ADS	Metalens technology with about $1.0M revenue and a $4.29M loss in the latest period shown. This is an uplisting/public offering. 16
Southern Cross Acquisition II (SCATU)	Not disclosed	Aug. 27	$10 unit; Webull lists a $115M offer amount	A larger near-term SPAC unit on the public calendar; the target is not identified in the current row. 2
Web3Labs Global (MDAT)	Not disclosed	Sept. 4	6.3M shares at $4-$5	Hong Kong-based Web3 business-services provider; proposed midpoint deal size was about $28M. 17