IPO Week Preview

Key Takeaways

• Deep Sea Minerals now appears on Webull for a tentative November 5 U.S. listing; final terms and completed trading remain unverified.
• The issuer proposes depositary shares and warrants. Its announced use of proceeds includes exploration-rights applications and preparatory work, but would not fund an offshore work programme.
• Webull now gives November 16 for Bitari and November 23 for Football Manager SPAC, broadly aligning with IPOScoop’s later weeks. Renaissance still lists Football Manager this week.
• OPay’s terminated offering remains off the active list. Calendar dates and offering end dates do not establish pricing, approvals or trading.

With staff and AI research assistance By Frank Whitaker and Stan Rosenberg

Research cutoff 2026-11-04T16:50:13+00:00

Frank finds a new name on Thursday

Deep Sea Minerals is the addition to watch in today’s calendar. Webull gives a tentative November 5 listing under SEAM and a $4.25–$8 range. Its October 26 announcement confirms a proposed U.S. listing and public offering, while leaving final terms and completion conditional. I could verify the proposal, not an opening trade or final price. [3][9]

The Vancouver company explores subsea mineral opportunities. It proposes American depositary shares, each expected to represent twelve common shares, alongside warrants exercisable for depositary shares. Maxim Group is sole book-running manager. The announced proceeds would support rights applications, preparatory work, compliance and working capital; the company explicitly says they would not cover an offshore work programme. A quoted range alone cannot establish offering size or valuation. [9]

Stan separates preparation from production

That funding boundary matters. Applying for exploration rights and preparing technical or environmental work are stages before offshore operations. Readers should examine permit conditions, environmental obligations, future capital needs and the terms of the warrants before treating mineral potential as a producing business. These are analytical questions, not verified estimates of commercial output. [9]

The announcement allows an underwriter option for additional securities and says size and terms would be set at pricing. No final share count, net proceeds or fully diluted valuation was verified in the sources checked. The investor page supplies announcement context, not a guarantee that a listing will happen on a calendar service’s date. [9][10]

Frank notices two dates moving together

Bitari no longer appears for November 5 on Webull. Its November 16 entry now broadly matches IPOScoop’s week of November 16. Football Manager SPAC similarly appears for November 23 on Webull and that week on IPOScoop. Renaissance nevertheless retains Football Manager in this week’s list. That conflict belongs in the calendar, not in a confident prediction. [1][2][3]

Bitari hosts and maintains Bitcoin-mining equipment. IPOScoop describes two operated Texas sites and a contracted Indiana site. Proposed roughly 4.29 million shares at $7 imply about $30 million gross before costs. The profile reports $11.08 million revenue and $0.46 million net income for the twelve months ended April 30. Those historical figures do not establish the earnings of future expansion. [4]

Bitari’s website emphasises energy-backed infrastructure and AI-ready development. Power prices, customer demand, capital costs and the distinction between current operations and planned projects remain useful questions. No final pricing or completed trading was verified. [4][7]

Stan checks the other kind of vehicle

Football Manager’s preliminary SEC prospectus proposes ten million $10 units, combining a share and a warrant to buy another share at $11.50, subject to conditions. Alessandro Lamberti leads the Milan-based blank-check company, which has no selected acquisition target. The proposed $100 million is financing for a future transaction, not revenue from an operating football club. Warrants, sponsor interests and any additional-unit option can change ownership. [6]

OPay’s SEC-filed announcement confirms its earlier offering was terminated and the depositary shares would not start trading as scheduled. Management attributes the decision to a regulatory inquiry; its expectation of a satisfactory conclusion is not a verified resolution or a replacement offering date. [8]

November 5 for Deep Sea Minerals, November 16 for Bitari and November 23 for Football Manager remain tentative source expectations, with no verified trading times. The issuer pages and prospectus checked at the cutoff yielded no additional specifically dated future investor call or regulatory decision. This describes those sources, not an absence of company news. [3][6][7][9][10]

Analysis only; proposed terms do not predict returns.

Sources

[1] IPOScoop calendar: dates and status. https://www.iposcoop.com/ipo-calendar/ [2] Renaissance calendar: current-week entry. https://www.renaissancecapital.com/IPO-Center/Calendar [3] Webull calendar: November 5 expectation. https://www.webull.com.sg/quote/us/ipo [4] IPOScoop Bitari: business, terms and financials. https://www.iposcoop.com/ipo/bitari/ [5] IPOScoop Football Manager profile: sector focus, as consulted November 2. https://www.iposcoop.com/ipo/football-manager-spac/ [6] Football Manager SEC prospectus: units, warrants, management and target status. https://www.sec.gov/Archives/edgar/data/2133939/000110465926106403/tmb-20260910xs1.htm [7] Bitari official website: operations and plans. https://bitari.ai/ [8] OPay SEC-filed announcement: termination and management’s explanation. https://www.sec.gov/Archives/edgar/data/2103076/000119312526441937/d27197dex991.htm [9] Deep Sea Minerals issuer announcement: proposed structure, proceeds and limitations. https://www.globenewswire.com/news-release/2026/10/26/3388295/0/en/deep-sea-minerals-announces-proposed-u-s-listing-and-public-offering.html [10] Deep Sea Minerals investor page: announcements and event check. https://deepseamineralscorp.com/investors/