CNV News

The Renaissance IPO Index (Ticker: IPOUSA), the underlying index for the Renaissance IPO ETF (Ticker: IPO), will implement the following constituent changes at the market’s close on Friday, March 20, 2015: Additions: Juno Therapeutics Shell Midstream Partners LP Cnova N.V. Removals: Zoetis Norwegian Cruise Line Pinnacle Foods Bright...read more

9 companies went public in the past week as the IPO market raised $3.5 billion. At 26 deals, November issuance fell one IPO short of last year, unless CVSL manages to price next week. November IPOs raised $7.2 billion and averaged 19% from the offer price, including 4% after the first day. Two companies rose over 100% on their debut, the ...read more

Cnova, a French and Brazilian e-commerce discounter spun out of retail giant Casino, raised $188 million by offering 26.8 million shares at $7, well below the range of $12.50 to $14.00. Cnova will list on the NASDAQ under the symbol CNV. Morgan Stanley, J.P. Morgan, BofA Merrill Lynch, Credit Suisse and Deutsche Bank acted as joint bookrunners on the deal....read more

10 deals are on the IPO calendar to raise $4.2 billion for the week of November 17, 2014. This should be the IPO market's largest equity raise in 8 weeks, led by the $2.3 billion initial public offering of office REIT Paramount Group. MLPs have been the yield play of 2014,...read more