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IPOS IN THE NEWS

IGACU

SPAC Invest Green Acquisition prices $150 million IPO, targeting the sustainability space

Invest Green Acquisition, a blank check company targeting renewable energy, sustainable finance, and nuclear energy, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one right to receive one-tenth of a ...read more

SCPQU

SPAC Social Commerce Partners files for a $100 million IPO, targeting direct selling

Social Commerce Partners, a blank check company targeting the direct selling industry, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The company plans to raise $100 million by offering 10 million units at a price of...read more

Winners and Losers logo

US IPO Weekly Winners & Losers

AI valuation jitters continued to send markets lower. Even Nvidia’s blow-out quarter failed to stem the losses. The week finally ended on a high note when commentary from the OG market mover – the Fed – had investors betting on a December

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IPO ETF

U.S. IPO Performance

Created with Highcharts 10.3.2Chart context menuDec 16Jan 13Feb 10Mar 10Apr 7May 5Jun 2Jun 30Jul 28Aug 25Sep 22Oct 20Nov 17-30%-22%-14%-6%+ 2%+ 10%+ 18%1m3m6mYTD1y3y5yAllRenaissance IPO IndexS&P 500Our ETF tracks the IPO Index
INVEST IN THE IPO ETF
Ticker Company Ticker
Trade
Date
Shares (M) Price Range Deal Size ($M) Underwriters
IGACU Invest Green Acquisition IGACU 00/00/00 15.0 $10.00 - $10.00 $150 Cohen & Company
PPHC PPHC PPHC 00/00/00 4.1 $14.52 - $14.52 $60 Oppenheimer
Canaccord
FFLY Firefly Automatix FFLY 00/00/00 4.5 $4.50 - $6.50 $25 Roth Cap.
Lake Street Cap.
RGNT Regentis Biomaterials RGNT 00/00/00 1.0 $10.00 - $12.00 $11 ThinkEquity
LBRJ Libera Gaming Operations LBRJ 00/00/00 1.3 $4.00 - $6.00 $6 D. Boral Capital
Sutter Securities

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Ticker Company Ticker Offer Date Deal Size ($M) Current Price Today's Change Return from IPO
CBC Central Bancompany CBC 11/19/25 $373 $24.30
$-0.13
(-0.5%)
15.7%
GLOO Gloo Holdings GLOO 11/18/25 $73 $9.19
$-0.02
(-0.2%)
14.9%
WSHP WeShop Holdings WSHP 11/14/25 $ $175.00
$+45.00
(34.6%)
589.0%

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Q3 2025 US Market Review

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Pricing Activity

Created with Highcharts 10.3.2Number of IPOsChart context menu10510516016019319316316322122139739771711091091501501941942016201720182019202020212022202320242025050100150200250300350400450www.renaissancecapital.com as of 11/25/2025

IPO Proceeds Raised

Created with Highcharts 10.3.2Proceeds in Billions ($)Chart context menu$18.8$18.8$35.5$35.5$46.9$46.9$46.3$46.3$78.2$78.2$142.4$142.4$7.7$7.7$19.5$19.5$29.6$29.6$36.4$36.42016201720182019202020212022202320242025020406080100120140160www.renaissancecapital.com as of 11/25/2025

IPO ETF

NEW STOCKS ONLY
(Avg. Age 1.3 Years)

0.1%
overlap*

S&P 500

OLDER STOCKS
(Avg. Age 43 Years)

*By Weight, as of 01/01/2025

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The IPO ETF has almost NO Overlap with the S&P 500

The IPO ETF only contains New Stocks

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