Ichor Holdings, which provides fluid delivery subsystems for semiconductor capital equipment OEMs, raised $53 million by offering 5.9 million shares at $9, below the range of $12 to $14. Ichor Holdings plans to list on the Nasdaq under the symbol ICHR. Deutsche Bank and Stifel acted as lead managers on the deal....more

Keywords: ICHR


InnoLight Technology, which manufactures high-speed optical transceivers for data networks, withdrew its plans for an initial public offering on Thursday. It originally filed in June 2015 with a proposed deal size of $100 million. It last filed an amendment to its application in August of 2015. Public peer Acacia Communications is the top performing IPO of the year, up 216% from its May IPO. Primary shareholders include Google Capital, Suzhou Oriza Holdings, Lightspeed China Partners, ITC Vision, Hsing Hsien Kung and Sheng Liu. ...more

Keywords: INLT


Athene Holding, an Apollo-backed provider of fixed annuities with $87 billion in assets, raised $1.1 billion in an upsized deal by offering 27 million shares at $40, the midpoint of the $38 to $42 range. Athene Holding plans to list on the NYSE under the symbol ATH. Goldman Sachs, Barclays, Citi, Wells Fargo Securities, BofA Merrill Lynch, BMO Capital Markets, Credit Suisse, Deutsche Bank, J.P. Morgan, Morgan Stanley, RBC Capital Markets, BNP Paribas, BTIG, Evercore ISI, SunTrust Robinson Humphrey and UBS Investment Bank acted as lead manager...more

Keywords: ATH


SenesTech, which is commercializing a non-lethal rodent control chemical that lowers rat fertility, raised $15 million by offering 1,875,000 shares at $8, below the previously lowered $9 to $11 range. At this price it commands a market value of $91 million. It originally filed to raise $20 million by offering 2 million shares at the $12 to $14 range, targeting a market cap of $152 million. The stock closed up 2.0% after the first day of trading. The Flagstaff, AZ-based company was founded in 2004 and has no revenue to date. Septe...more

Keywords: SNES

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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 Renaissance International IPO Index® (IPOXUS) is a stock market index based upon a portfolio of newly public companies listed on non-U.S. exchanges. The S&P 500® Index (SPX) is a stock market index which includes 500 U.S. listed companies and seeks to capture approximately 80% coverage of available U.S. market capitalization.

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Definitions: The Renaissance IPO Index® 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 is a stock market index based on the market capitalizations of 500 large companies whose common stock is publicly traded on the NYSE or Nasdaq.

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