Recently Priced IPO Calendar
Company Name Ticker Offer Date Underwriter Shares IPO Price Closing Price Return Today's Price/Change
MaxPoint Interactive MXPT 03/05/15 Goldman Sach 6.5 $11.50 n/a N/A 0.00 (n/a)
$0.00
Summit Therapeutics SMMT 03/04/15 JMP Securiti 3.5 $9.90 $10.19 2.9% $10.19 0.00 (0.0%)
$10.19
Check-Cap CHEKU 02/18/15 Chardan Capi 2.0 $6.00 $6.15 2.5% $6.15 0.00 (0.0%)
$6.15
Inotek Pharmaceuticals ITEK 02/17/15 Cowen & Comp 6.7 $6.00 $6.00 -0.1% $6.00 +0.00 (0.0%)
$6.00
Bellerophon Therapeutics BLPH 02/13/15 Leerink Par 5.0 $12.00 $11.65 -2.9% $11.65 0.00 (0.0%)
$11.65
Great Ajax AJX 02/13/15 FBR Capital 5.0 $14.25 $14.55 2.1% $14.55 0.00 (0.0%)
$14.55
Inovalon Holdings INOV 02/11/15 Goldman Sach 22.2 $27.00 $30.64 13.5% $30.64 0.00 (0.0%)
$30.64
Invitae NVTA 02/11/15 J.P. Morgan 6.4 $16.00 $18.27 14.2% $18.27 0.00 (0.0%)
$18.27
Avenue Financial Holdings AVNU 02/09/15 Keefe Bruyet 2.5 $11.00 $12.75 15.9% $12.75 0.00 (0.0%)
$12.75
Columbia Pipeline LP CPPL 02/05/15 Barclays 46.8 $23.00 $28.21 22.7% $28.21 0.00 (0.0%)
$28.21
Easterly Govt Properties DEA 02/05/15 Citi 12.0 $15.00 $16.22 8.1% $16.22 0.00 (0.0%)
$16.22
Nexvet Biopharma NVET 02/04/15 BofA Merrill 4.0 $10.00 $10.30 3.0% $10.30 0.00 (0.0%)
$10.30
Avinger AVGR 01/29/15 Canaccord Ge 5.0 $13.00 $10.91 -16.1% $10.91 0.00 (0.0%)
$10.91
InfraREIT HIFR 01/29/15 BofA Merrill 20.0 $23.00 $27.28 18.6% $27.28 0.00 (0.0%)
$27.28
Shake Shack SHAK 01/29/15 J.P. Morgan 5.0 $21.00 $44.13 110.1% $44.13 0.00 (0.0%)
$44.13
Spark Therapeutics ONCE 01/29/15 J.P. Morgan 7.0 $23.00 $57.53 150.1% $57.53 0.00 (0.0%)
$57.53
TRACON Pharmaceuticals TCON 01/29/15 Wells Fargo 3.6 $10.00 $17.21 72.1% $17.21 0.00 (0.0%)
$17.21
Entellus Medical ENTL 01/28/15 BofA Merrill 4.6 $17.00 $21.14 24.4% $21.14 0.00 (0.0%)
$21.14
Flex Pharma FLKS 01/28/15 Jefferies & 5.4 $16.00 $18.50 15.6% $18.50 0.00 (0.0%)
$18.50
Presbia LENS 01/28/15 Jefferies & 4.2 $10.00 $7.39 -26.1% $7.39 0.00 (0.0%)
$7.39
Ascendis Pharma ASND 01/27/15 BofA Merrill 6.0 $18.00 $17.98 -0.1% $17.98 0.00 (0.0%)
$17.98
Zosano Pharma ZSAN 01/26/15 Ladenburg Th 4.5 $11.00 $10.32 -6.2% $10.32 0.00 (0.0%)
$10.32
Box BOX 01/22/15 Morgan Stanl 12.5 $14.00 $19.14 36.7% $19.14 0.00 (0.0%)
$19.14
Euronav EURN 01/22/15 Deutsche Ban 16.3 $12.25 $11.81 -3.6% $11.81 0.00 (0.0%)
$11.81
County Bancorp ICBK 01/15/15 Baird 1.2 $15.75 $19.72 25.2% $19.72 0.00 (0.0%)
$19.72
Patriot National PN 01/15/15 UBS Investme 8.3 $14.00 $13.23 -5.5% $13.23 0.00 (0.0%)
$13.23
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 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 based on the market capitalizations of 500 large companies whose common stock is publicly traded on the NYSE.

Risk Disclosure: Investments in the Renaissance IPO ETF, symbol "IPO", the Renaissance International IPO ETF, symbol "IPOS" (the “ETFs”), and the Global IPO Fund, symbol "IPOSX" (the “Mutual Fund”) are subject to investment risk, including possible loss of the principal amounts invested. The ETFs and the Mutual Fund (the “Funds”) invest in companies that have recently completed 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. Due to a greater number of IPOs in certain segments, the Funds may also be subject to information technology and financial sector risk, small and mid-capitalization company risk, and, for the Renaissance International IPO ETF, emerging markets risk. The Funds may hold securities in the form of Depository Receipts, REITs, and Partnership Units which have greater risks than common shares. The strategies have high portfolio turnover and securities lending risks. The returns of the ETFs may not match the return of the respective indices. The ETFs are classified as non-diversified investment companies 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 this and other information, 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 ETFs, 1-866-486-6645.
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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), the Renaissance International IPO ETF (symbol: IPOS), or the Global IPO Fund (symbol: IPOSX), may have investments in securities of companies mentioned.