With an average of $135 billion raised annually, the global IPO market is an economically significant investment category. Yet, newly public companies are underrepresented in core equity indices and portfolios. These unseasoned equities can be important enterprises that are simply unfamiliar to public investors. Renaissance Capital’s industry-recognized IPO research team has designed investable products to unlock unique returns from this special category of equities.
The Global IPO Plus Aftermarket Fund ("Global IPO Fund") is an actively managed mutual fund that invests in a diversified portfolio of newly public companies at the time of the offering and in post-IPO trading.
The Renaissance IPO ETF is an exchange traded fund that tracks a passive rules-based index holding a portfolio of newly public companies weighted by float capitalization and held for two years.