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IPOS IN THE NEWS

CTW Cayman logo

Japan-based gaming platform CTW Cayman files for a $21 million US IPO

CTW Cayman, a Japanese web-based gaming platform, filed on Thursday with the SEC to raise up to $21 million in an initial public offering. CTW is a globally accessible, web-based gaming platform, offering players an immersive digital space through its...read more

EFTY

Hong Kong investor relations firm Thrive Capital Group files and sets terms for a $7 million US IPO

Thrive Capital Group, which provides integrated investor relation services in Hong Kong, filed on Thursday with the SEC to raise up to $7 million in an initial public offering. The company plans to raise $7 million by offering 1.4 million shares at a price...read more

Arrive AI logo

Autonomous delivery systems developer Arrive AI set to direct list on the Nasdaq today, 5/15

Arrive AI, which is developing autonomous last-mile delivery services, announced on Wednesday that it had received approval to list its shares on the Nasdaq and expects trading to commence today, 5/15. The company registered about 30 million shares for sale by...read more

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IPO ETF

U.S. IPO Performance

Created with Highcharts 10.3.2Chart context menuJun. 3Jul. 1Jul.29Aug.26Sep.23Oct.21Nov.18Dec.16Jan.13Feb.10Mar.10Apr. 7May. 5-15%-8%-1%+ 6%+ 13%+ 20%+ 27%1m3m6mYTD1y3y5yAllRenaissance IPO IndexS&P 500Our ETF tracks the IPO Index
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Ticker Company Ticker
Trade
Date
Shares (M) Price Range Deal Size ($M) Underwriters
ARAI Arrive AI ARAI 00/00/00 30.0 $13.00 - $13.00 $ Maxim

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Ticker Company Ticker Offer Date Deal Size ($M) Current Price Today's Change Return from IPO
ARAI Arrive AI ARAI 05/15/25 $ $13.25
$0.00
(0.0%)
1.9%
ANTA Antalpha ANTA 05/13/25 $49 $11.84
$0.00
(0.0%)
-7.5%
ETOR eToro ETOR 05/13/25 $620 $66.85
$0.00
(0.0%)
28.6%

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Pricing Activity

Created with Highcharts 10.3.2Number of IPOsChart context menu105105160160193193163163221221397397717110910915015076762016201720182019202020212022202320242025050100150200250300350400450www.renaissancecapital.com as of 05/16/2025

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$11.1$11.12016201720182019202020212022202320242025020406080100120140160www.renaissancecapital.com as of 05/16/2025

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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