Sections

    1. Investment Snapshot

    2. Price Chart

    3. Valuation & Price Target

    4. Business & Product Moat

    5. Market & Macro

    Discussion


Investment Snapshot
Price Chart
Valuation & Price Target
Business & Product Moat
Market & Macro
Discussion

Newton Golf Company, Inc.

Investment Snapshot

Symbol

SPGC

IPO Date (Actual)

2023-08-15

Offer Range

$4.00

Shares Offered

3.2M

Total Shares Post-IPO

17.8M

Market Cap

Target Price
$00.00

Implied Upside vs Midpoint

$00.00

Use of Proceeds

Price Chart

Historic Price Chart - SPGC
Valuation & Price Target

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Business & Product Moat

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Competitor Set
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Market & Macro

Sector context: Sporting & Athletic Goods, NEC

Same-industry IPOs from the last 365 days (as of 2026-06-04). Returns from IPO open price.

Median IPO open → current
-89.0%
win 0% · n=1
Median first month
-64.4%
win 0% · n=1
CompanyIPO DateOpen → CurrentFirst Month

YMAT

J-Star Holding Co., Ltd.
2025-07-30-89.0%-64.4%

Discussion

Newton Golf Company, Inc. (SPGC) IPO | IPOSignal