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IPO STREAM
Free Edition
September 7 – 8, 2026
1 Offering  ·  Metalens / Optics Published September 8, 2026

Let’s Get Through This Week and Wait For The Pop

Good morning and welcome to this week’s IPO Stream. The U.S. calendar is still quiet after Labor Day. The only traditional non-SPAC name the street has on the board for this week is a small uplisting. The other three small deals have slipped into the week of September 14.

If this looks familiar, you’re right. This is classic “end of summer” doldrums for the IPO market. Let’s get through this week and keep our eyes on the middle to end of September as the market typically comes to life.

This Week’s Offering
MetaOptics MOT Metalens / Optics
Nasdaq Uplisting from Catalist (Singapore) — not a traditional IPO
Status note: It appears MOT may have pulled the listing. Terms below reflect the last filed details — confirm before acting.
Raise
~$18M
Shares / Price
3M ADSs · $5–$7
Underwriters
Roth Capital Partners, The Benchmark Company

Metalenses are ultra-thin flat optics that can replace traditional curved lenses in cameras, AR/VR, and other devices. The dual listing gives U.S. investors easier access to a small but differentiated optics technology play.

Coming Next Week · September 14
BW Industrial Holdings BWGC Industrial / EPC
~$17.1M · 2.6M shares · $6–$7 · Eddid Securities USA

Houston-based EPC firm building process systems for semiconductor, battery, renewable, and other advanced manufacturing clients.

Riku Dining Group RIKU Restaurant / QSR
~$25M · 5M shares · $4–$6 · Eddid Securities USA

Japanese-concept restaurant operator with locations in Canada and Hong Kong.

Web3Labs Global MDAT Web3 / Blockchain
~$28.1M · 6.3M shares · $4–$5 · Eddid Securities USA

Hong Kong-based Web3 services and incubation firm.

That’s the full non-SPAC traditional lineup: one small uplisting this week and three smaller names next week. No large deals on the immediate calendar. Terms can still shift, so keep an eye on final pricing.

“Have a good week.”

Tim

IPO Stream