HW Electro Co., Ltd. – U.S. small-cap IPO on NASDAQ

HW Electro Co., Ltd., a U.S. electronics manufacturer specialising in high-precision components for automotive and aerospace, plans to list on the NASDAQ on 30 October 2025 under ticker “HWEP”. The expected raise is ~$16.6 million at a share price of approximately $4 and an estimated market cap around $169 million. The business has posted modest revenue (~$1.8 million) but is targeting growth via new contracts and tier-1 client wins. The IPO gives investors early access to a niche manufacturing play, though small size and liquidity risk remain important considerations.