Renaissance Capital logo

SGN News

Renaissance Capital's November IPO Market Update


Eleven US IPOs raised a combined $708 million in November, well below the month's historical 10-year average (16 IPOs, $4.2B). Deal flow was led by three sizable issuers, and remaining activity came from smaller companies, all of which raised $33 million or less. The month's IPOs averaged a weak -22% return from offer, and only two deals finished above issue, both of which more

US IPO Weekly Recap: Smaller deals slip through the IPO window before the Thanksgiving break


Four smaller IPOs priced this past week, joined by one SPAC. The biggest news came from the pipeline, with product assessment services provider UL Solutions (ULS) filing for an estimated $1 billion IPO, followed by a sizable filing from metabolic disease biotech Carmot Therapeutics (CRMO). Other large issuers on file provided updates ahead more

Student athlete recruiting platform Signing Day Sports prices downsized IPO at $5 midpoint


Signing Day Sports, which operates a recruiting platform for student athletes, raised $6 million by offering 1.2 million shares at $5, within the range of $4 to $6. The company offered 0.3 million fewer shares than anticipated. It originally planned to offer 3.8 million shares before cutting the terms in June. Signing Day Sports provides a digital platform to help student more

US IPO Week Ahead: Hong Kong-based food retailer and holdovers keep the IPO market moving


Three IPOs are currently scheduled for the week ahead, though other small issuers may join the calendar late. Hong Kong-based DDC Enterprise (DDC) plans to raise $45 million at a $226 million market cap. Starting as an online recipe platform, DDC has since shifted to sales of prepared food products under its DayDayCook brand, as well as private label items. more