IPO STREAM
FIRST IN WINS
HOLIDAY WEEK SHOWS SOME
QUIET BUT POTENTIAL
Week of May 22 – 26, 2026 · ipostream.com/premium
6 Deals This Week · Nuclear · Industrial · MedTech · Restaurant · Mining · Optics · Published June 9, 2026
This week looks pretty quiet for major US IPOs — most of the action is in smaller deals or ones that have already priced recently. These are mostly micro-cap offerings, so they're higher risk but can be very interesting.
With holiday weeks, we expect this kind of action. Keep in mind these are small deals and can move fast in either direction.
THIS WEEK AT A GLANCE
| Company |
Ticker |
Raise |
Price |
Exchange |
| Deep Fission ★ |
FISN |
~$150M |
$24–$26 |
Nasdaq · May 29 |
| BW Industrial Holdings |
BWGC |
~$17M |
$6–$7 |
NYSE · TBD |
| Encore Medical |
EMI |
~$15M |
$5.00 Fixed |
NYSE · TBD |
| Riku Dining Group |
RIKU |
~$25M |
$4–$6 |
Nasdaq · TBD |
| Lannister Mining Corp |
DRIL |
~$15M |
$5.00 Fixed |
NYSE · TBD |
| MetaOptics |
MOT |
~$33M |
$8.15 Fixed |
Nasdaq Uplisting |
FULL ANALYSIS
★ STANDOUT NAME THIS WEEK
|
Deep Fission
FISN
Nasdaq · Pricing ~May 29, 2026
|
Nuclear / AI Power
|
|
Raise
~$150M
|
Shares / Price
6M @ $24–$26
|
Underwriters
William Blair, Stifel,
Canaccord Genuity +
|
Exchange
Nasdaq
|
Developing small modular nuclear reactors (SMRs) installed a mile underground — the deep burial approach simplifies safety and regulatory requirements significantly. Getting serious attention because of the AI data center power demand crisis.
This is the standout name this week — the nuclear/AI power theme is getting hotter by the day. Still early stage, but the thesis is real and the timing is right.
|
BW Industrial Holdings
BWGC
NYSE · TBD
|
Industrial / EPC
|
|
Raise / Price
~$17M @ $6–$7
|
Shares
2.6M shares
|
Underwriter
Eddid Securities USA
|
Houston-based EPC firm building specialized facilities for energy, electronics, semiconductors, and advanced manufacturing clients. Also developing modular water treatment systems. Profitable with real revenue — a rare plus among this week's micro-caps.
|
Encore Medical
EMI
NYSE · TBD
|
MedTech
|
|
Raise / Price
~$15M @ $5.00
|
Shares
3M shares
|
Underwriter
Oak Ridge Financial
|
Transcatheter device to close PFO heart defects — linked to strokes and migraines. Already has European approval and is funding US clinical trials with IPO proceeds. Small but meaningful unmet-need story in cardiac care.
|
Riku Dining Group
RIKU
Nasdaq · TBD
|
Restaurant
|
|
Raise / Price
~$25M @ $4–$6
|
Shares
5M shares
|
Underwriter
Eddid Securities USA
|
Japanese-style restaurant operator — Ajisen Ramen in Canada and yakiniku/cafe concepts in Hong Kong. A smaller restaurant group looking to expand. Expect this one to price sometime this week with no definitive date set.
|
Lannister Mining Corp
DRIL
NYSE · TBD
|
Gold / Silver Mining
|
|
Raise / Price
~$15M @ $5.00
|
Project
Basin Gulch, Montana
|
Underwriters
Joseph Gunnar &
Research Capital
|
Pre-revenue gold and silver exploration focused on the Basin Gulch project in Montana. Very early-stage — super speculative. These can move fast in either direction on news or commodity prices.
|
MetaOptics
MOT
Nasdaq Uplisting
|
Optics / Photonics
|
|
Raise / Price
~$33M @ $8.15
|
Type
Nasdaq Uplisting
from Singapore
|
Technology
Ultra-thin flat lenses
(metalenses)
|
More of a Nasdaq uplisting from Singapore than a traditional IPO. MetaOptics develops ultra-thin flat lens technology — metalenses that could replace bulky traditional optics in cameras, AR/VR, and sensors. Niche but potentially interesting if the tech gains commercial traction.
At the end of the day, this is a holiday week and with holiday weeks, we expect this kind of action. These are small deals — they can move fast in either direction. Deep Fission is the one worth watching closely.
"Have a great week and good luck if you decide to jump in."
Tim
IPO Stream
