Upcoming IPO Calendar
Company Name/Ticker Underwriter Price Range
Shares
Auris Medical
EARS
Jefferies & Co.
Leerink Partners
$10.00 - $12.00
6.9 mil
Avalanche Biotechnologies*
AAVL
Jefferies & Co.
Cowen & Company
$16.00 - $17.00
5.4 mil
Bio Blast Pharma
ORPN
Oppenheimer & Co.
Roth Capital
$11.00 - $13.00
3.3 mil
Catalent
CTLT
Morgan Stanley
J.P. Morgan
$19.00 - $22.00
42.5 mil
FCB Financial Holdings
FCB
Deutsche Bank
J.P. Morgan
$24.00 - $27.00
8.7 mil
Green Bancorp
GNBC
Sandler O'Neill
Jefferies & Co.
$15.00 - $17.00
4.7 mil
GWG Holdings
GWGH
MLV & Co
$11.50 - $13.50
1.6 mil
HealthEquity
HQY
J.P. Morgan
Wells Fargo Securities
$10.00 - $12.00
9.1 mil
Hoegh LNG Partners LP
HMLP
Citi
BofA Merrill Lynch
$19.00 - $21.00
9.6 mil
iDreamSky Technology
DSKY
Credit Suisse
J.P. Morgan
$12.00 - $14.00
7.7 mil
Independence Contract Drilling
ICD
Morgan Stanley
RBC Capital Markets
$14.00 - $16.00
10.0 mil
Lantheus Holdings
LNTH
Citi
Jefferies & Co.
$12.00 - $15.00
9.3 mil
Loxo Oncology
LOXO
Cowen & Company
Stifel
$12.00 - $14.00
4.4 mil
Macrocure
MCUR
Credit Suisse
Jefferies & Co.
$13.00 - $15.00
5.4 mil
Marinus Pharmaceuticals
MRNS
Stifel
JMP Securities
$12.00 - $14.00
4.0 mil
Mobileye
MBLY
Goldman Sachs
Morgan Stanley
$21.00 - $23.00
27.8 mil
Ryerson Holding*
RYI
BofA Merrill Lynch
Deutsche Bank
$17.00 - $20.00
11.0 mil
SIRVA
SRVA
Morgan Stanley
Goldman Sachs
$15.00 - $17.00
11.6 mil
Synchrony Financial
SYF
Goldman Sachs
J.P. Morgan
$23.00 - $26.00
125.0 mil
T2 Biosystems
TTOO
Goldman Sachs
Morgan Stanley
$15.00 - $17.00
4.0 mil
Tobira Therapeutics
TBRA
BMO Capital Markets
JMP Securities
$12.00 - $14.00
4.6 mil
Transocean Partners LLC
RIGP
Morgan Stanley
Barclays
$19.00 - $21.00
17.5 mil
Vascular Biogenics
VBLX
Deutsche Bank
Wells Fargo Securities
$13.00 - $15.00
5.4 mil
VTTI Energy Partners LP
VTTI
Citi
J.P. Morgan
$19.00 - $21.00
17.5 mil
Westlake Chemical Partners LP
WLKP
Barclays
UBS Investment Bank
$19.00 - $21.00
11.3 mil
Zosano Pharma
ZSAN
Wedbush PacGrow
Ladenburg Thalmann & Co.
$10.00 - $12.00
6.4 mil

Notes:
Avalanche Biotechnologies - *Revised terms on 7/30/14. Previously planned to offer 5.4mm shares at $13-$15 per share.
Ryerson Holding - *Previously set terms to go public in May 2010 at a $1.2 billion market cap.
Please note our calendar only lists IPOs scheduled for the coming week. For a more in-depth calendar, please inquire about our institutional research service.
IPOs For Everyone Obtain Investor PacketAccess Your AccountInvest Online Today
Performance Disclosure: Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Investors should consider the investment objectives, risks, charges and expenses carefully before investing.

As stated in the Prospectus, the total annual operating expenses for the Fund was 3.48%. The Adviser has contractually agreed to keep net expenses from exceeding 2.50% of the Fund’s average daily net assets for at least a year from the date of the Prospectus and for an indefinite period thereafter subject to annual re-approval of the agreement by the Board of Trustees. An investor cannot invest directly in an index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

Definitions: Net Asset Value (NAV) of the fund is calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding. Market Price is current value at which an asset or service can be bought or sold. Premium/Discount is provided to show the comparison of the daily net asset value (NAV) and the midpoint of the closing bid/ask for each of the funds. The Renaissance IPO Index® (IPOUSA) is a stock market index based upon a portfolio of U.S.-listed newly public companies that includes securities prior to their inclusion in core U.S. equity portfolios. The S&P 500® Index (SPX) is a stock market index based on the market capitalizations of 500 large companies whose common stock is publicly traded on the NYSE. The S&P 500 index components are determined by S&P Dow Jones Indices.

Risk Disclosure: Investments in the Renaissance IPO ETF, symbol "IPO" (the “ETF”) and the Global IPO Fund, symbol "IPOSX" (the “Mutual Fund”) are subject to investment risk, including possible loss of the principal amounts invested. The ETF and the Mutual Fund (the “Funds”) invest in companies that have recently completed their initial public offerings. These stocks are unseasoned equities lacking trading history, a track record of reporting to investors and widely available research coverage which many result in extreme price volatility. The Funds may also be subject to information technology risk and small and mid-capitalization company risk due to a greater number of IPOs in these sectors. The Funds may hold securities in the form of Depository Receipts, REITs, Master Limited Partnerships (MLPs) which have greater risks than common shares. The strategy has high portfolio turnover and securities lending risks. ETF returns may not match the return of the respective index. The ETF is classified as a non-diversified investment company and is subject to concentration risk.

Prospectus: Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus and/or summary prospectus with information about the Funds, please visit www.renaissancecapital.com. Read the prospectus carefully before investing. Renaissance Capital Investments, Inc., distributor for the Mutual Fund. Foreside Fund Services, LLC, distributor for the ETF, 1-866-486-6645.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX), may have investments in securities of companies mentioned.