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Renaissance Capital's 3Q 2015 Quarterly US IPO Market Review

PLNT

US IPO Market Contracts as Returns Slump in the Third Quarter The IPO market slowed in the 3Q 2015 to 34 deals, down 43% year-over-year, hurt by the broad market sell-off and specific sector conditions, including a near absence of tech and energy issuance. In addition, a significant number of IPOs were pulled or delayed due to market conditions or acquisitions. For the...read more

US IPO Weekly Recap: One IPO and one bad week in the markets

Equity Selloff Hits Recent IPOs Recent IPOs have not been exempt from the steep selloff in the major indices. As of midday Friday, the Renaissance IPO Index was down 5.6% for the week, underperforming the S&P 500's -4.3% return. One of the most prominent IPOs of recent memory,...read more

US IPO Weekly Recap: A bad week besides biotech

Biotech companies lead a weak week in IPOs. So far this year, 127 companies have come public, and the average first-day pop has been about 16%. In the past two weeks, 8 of 12 IPOs ended their first day down or flat. The downward trend accelerated this week with an average first-day return...read more

Planet Fitness prices IPO at $16, the high end of the range

PLNT

Planet Fitness, a franchised low-cost gym chain with over 1,000 locations in the US, raised $216 million by offering 13.5 million shares at $16, the high end of the range of $14 to $16. Planet Fitness plans to list on the NYSE under the symbol PLNT. Planet Fitness initially filed confidentially on 3/25/2015. J.P. Morgan, BofA Merrill Lynch, Jefferies and Credit Suisse acted as...read more