Recently Priced IPO Calendar
Company Name Ticker Offer Date Underwriter Shares IPO Price Closing Price Return Today's Price/Change
Leju Holdings LEJU 04/16/14 Credit Suiss 10.0 $10.00 $11.86 18.6% $11.86
$11.86
Sabre SABR 04/16/14 Morgan Stanl 39.2 $16.00 $16.50 3.1% $16.50
$16.50
Sportsmans Warehouse SPWH 04/16/14 Credit Suiss 12.5 $9.50 $9.75 2.6% $9.75
$9.75
Vital Therapies VTL 04/16/14 BofA Merrill 4.5 $12.00 $12.00 0.0% $12.00
$12.00
Weibo WB 04/16/14 Goldman Sach 16.8 $17.00 $20.24 19.1% $20.24
$20.24
Moelis & Company MC 04/15/14 Goldman Sach 6.5 $25.00 $26.09 4.4% $26.09
$26.09
Opus Bank OPB 04/15/14 J.P. Morgan 5.1 $30.00 $29.44 -1.9% $29.44
$29.44
TriVascular Technologies TRIV 04/15/14 J.P. Morgan 6.5 $12.00 $14.32 19.3% $14.32
$14.32
City Office REIT CIO 04/14/14 Janney Montg 5.8 $12.50 $12.40 -0.8% $12.40
$12.40
Paycom Software PAYC 04/14/14 Barclays 6.6 $15.00 $16.25 8.3% $16.25
$16.25
Enable Midstream Partners ENBL 04/10/14 Morgan Stanl 25.0 $20.00 $22.74 13.7% $22.74
$22.74
Farmland Partners FPI 04/10/14 Baird 3.8 $14.00 $13.45 -3.9% $13.45
$13.45
Phibro Animal Health PAHC 04/10/14 BofA Merrill 11.8 $15.00 $16.02 6.8% $16.02
$16.02
Zoes Kitchen ZOES 04/10/14 Jefferies & 5.8 $15.00 $27.89 85.9% $27.89
$27.89
Adamas Pharmaceuticals ADMS 04/09/14 Credit Suiss 3.0 $16.00 $13.01 -18.7% $13.01
$13.01
Ally Financial ALLY 04/09/14 Citi 95.0 $25.00 $23.88 -4.5% $23.88
$23.88
Cerulean Pharma CERU 04/09/14 Leerink Par 8.5 $7.00 $6.55 -6.4% $6.55
$6.55
Sysorex Global Holdings SYRX 04/09/14 Wellington S 3.3 $6.00 $5.65 -5.8% $5.65
$5.65
iKang Healthcare Group KANG 04/08/14 BofA Merrill 10.9 $14.00 $13.59 -2.9% $13.59
$13.59
La Quinta Holdings LQ 04/08/14 J.P. Morgan 38.3 $17.00 $17.11 0.6% $17.11
$17.11
Five9 FIVN 04/03/14 J.P. Morgan 10.0 $7.00 $7.55 7.9% $7.55
$7.55
GrubHub GRUB 04/03/14 Citi 7.4 $26.00 $35.95 38.3% $35.95
$35.95
IMS Health IMS 04/03/14 J.P. Morgan 65.0 $20.00 $23.70 18.5% $23.70
$23.70
Opower OPWR 04/03/14 Morgan Stanl 6.1 $19.00 $21.56 13.5% $21.56
$21.56
Corium International CORI 04/02/14 Jefferies & 6.5 $8.00 $8.14 1.8% $8.14
$8.14
Tarena International TEDU 04/02/14 Goldman Sach 15.3 $9.00 $6.74 -25.1% $6.74
$6.74
The Rubicon Project RUBI 04/01/14 Morgan Stanl 6.8 $15.00 $20.05 33.7% $20.05
$20.05
2U TWOU 03/27/14 Goldman Sach 9.2 $13.00 $13.06 0.5% $13.06
$13.06
Aerohive Networks HIVE 03/27/14 Goldman Sach 7.5 $10.00 $10.50 5.0% $10.50
$10.50
Bluerock Residential REIT BRG 03/27/14 Wunderlich S 3.3 $14.50 $14.66 1.1% $14.66
$14.66
CBS Outdoor Americas CBSO 03/27/14 Goldman Sach 20.0 $28.00 $30.42 8.6% $30.42
$30.42
Energous WATT 03/27/14 MDB Capital 4.0 $6.00 $11.30 88.3% $11.30
$11.30
Everyday Health EVDY 03/27/14 J.P. Morgan 7.2 $14.00 $14.02 0.1% $14.02
$14.02
Applied Genetic Tech AGTC 03/26/14 BMO Capital 4.2 $12.00 $14.08 17.3% $14.08
$14.08
Square 1 Financial SQBK 03/26/14 Sandler O'Ne 5.8 $18.00 $18.96 5.3% $18.96
$18.96
TriNet Group TNET 03/26/14 J.P. Morgan 15.0 $16.00 $22.00 37.5% $22.00
$22.00
King KING 03/25/14 J.P. Morgan 22.2 $22.50 $17.81 -20.8% $17.81
$17.81
Nord Anglia Education NORD 03/25/14 Credit Suiss 19.0 $16.00 $18.90 18.1% $18.90
$18.90
A10 Networks ATEN 03/20/14 Morgan Stanl 12.5 $15.00 $14.74 -1.7% $14.74
$14.74
Amber Road AMBR 03/20/14 Stifel 7.4 $13.00 $14.35 10.4% $14.35
$14.35
Borderfree BRDR 03/20/14 Credit Suiss 5.0 $16.00 $16.23 1.4% $16.23
$16.23
Versartis VSAR 03/20/14 Morgan Stanl 6.0 $21.00 $25.36 20.8% $25.36
$25.36
Akebia Therapeutics AKBA 03/19/14 Morgan Stanl 5.9 $17.00 $26.09 53.5% $26.09
$26.09
MediWound MDWD 03/19/14 Credit Suiss 5.0 $14.00 $12.84 -8.3% $12.84
$12.84
Q2 Holdings QTWO 03/19/14 J.P. Morgan 7.8 $13.00 $13.06 0.5% $13.06
$13.06
Paylocity PCTY 03/18/14 Deutsche Ban 7.0 $17.00 $19.45 14.4% $19.45
$19.45
Castlight Health CSLT 03/13/14 Goldman Sach 11.1 $16.00 $19.85 24.1% $19.85
$19.85
Ignyta RXDX 03/13/14 Leerink Par 5.2 $9.15 $6.56 -28.3% $6.56
$6.56
Dipexium DPRX 03/12/14 Oppenheimer 2.8 $12.00 $9.28 -22.7% $9.28
$9.28
Galmed GLMD 03/12/14 Maxim Group 2.8 $13.50 $8.58 -36.4% $8.58
$8.58
Achaogen AKAO 03/11/14 Credit Suiss 6.0 $12.00 $13.74 14.5% $13.74
$13.74
Aquinox Pharmaceuticals AQXP 03/06/14 Jefferies & 4.2 $11.00 $8.72 -20.7% $8.72
$8.72
Coupons.com COUP 03/06/14 Goldman Sach 10.5 $16.00 $19.32 20.8% $19.32
$19.32
Recro Pharma REPH 03/06/14 Aegis Capita 3.8 $8.00 $5.50 -31.3% $5.50
$5.50
Varonis VRNS 02/27/14 Morgan Stanl 4.8 $22.00 $28.24 28.4% $28.24
$28.24
Lumenis LMNS 02/26/14 Goldman Sach 6.3 $12.00 $9.56 -20.3% $9.56
$9.56
Please note this list only includes recently priced IPOs. For a more in-depth historical list, please inquire about our institutional research service.
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.