There are no IPOs on the calendar for next week. Two transportation companies, Brazilian airline Azul (AZUL) and US trucker Schneider National (SNDR), are on the horizon to kick off the 2Q17. Two high-growth software providers are likely to launch deals in the coming weeks. Yext (YEXT) provides a platform that allows businesses to manage their local listings information across the internet. Okta (OKTA), a tech unicorn, offers an on-demand identity and access management platform for enterprises.
Find out why institutional investors rely on Renaissance Capital's Pre-IPO Research for these IPOs. Follow us on Twitter (@IPOtweet) for IPO news as it happens and register for our updates on the IPO market.
| US IPO Calendar | |||||
| Issuer Business |
Symbol Exchange |
Deal Size($m) Market Cap($m) |
Price Range Shares Filed |
Pricing Date |
Top 2 Bookrunners |
| Schneider National Green Bay, WI |
SNDR NYSE |
$550 $3,297 |
$18 - 20 28,947,000 |
Wk of 4/3 |
Morgan Stanley, UBS |
| Leading US trucking company with over 11,000 vehicles. |
|||||
| Azul Brazil |
AZUL NYSE |
$478 $2,262 |
$18.02 - 21.81 24,000,000 |
Wk of 4/3 |
Citi, Itau BBA |
| Brazil's third-largest airline, founded by JetBlue founder David Neeleman. |
|||||
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. The Renaissance IPO Index is up 9.4% year-to-date, while the S&P 500 is up 4.7%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Ferrari (RACE) and TransUnion (TRU). The Renaissance International IPO Index is up 9.2% year-to-date, while the ACWX is up 8.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Covestro and ABN Amro. To find out if this is the best ETF for you, visit our IPO Investing page.
