The Renaissance International IPO Index (Ticker: IPOXUS), the underlying index for the Renaissance International IPO ETF (Ticker: IPOS), will implement the following constituent changes at the market’s close on Friday, June 17, 2016: Additions: CYBG Dubai Parks and...read more
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, June 17, 2016: Additions: BATS Global Markets Virgin America Red Rock Resorts ...read more
Three dividend-producing companies raised $639 million this past week, tying the prior week as the year's most active by deal count. Yet all three IPOs ended their first days down or flat, bringing the number of first-day flops up to 12 of 16 (75%). An active IPO market hinges on investors' comfort with taking on the risk of a new issue. Las Vegas casino operator...read more
Red Rock Resorts, which operates 21 regional casino properties primarily in Las Vegas, raised $531 million by offering 27.3 million shares at $19.50, the midpoint of the range of $18 to $21. Red Rock Resorts plans to list on the Nasdaq under the symbol RRR. Deutsche Bank, J.P. Morgan, BofA Merrill Lynch, Goldman Sachs, Wells Fargo Securities, Citi and Macquarie Capital acted as...read more
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Renaissance International IPO Index - Notice of June 2016 Quarterly Changes
The Renaissance International IPO Index (Ticker: IPOXUS), the underlying index for the Renaissance International IPO ETF (Ticker: IPOS), will implement the following constituent changes at the market’s close on Friday, June 17, 2016: Additions: CYBG Dubai Parks and...read more
Renaissance IPO Index - Notice of June 2016 Quarterly Changes
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, June 17, 2016: Additions: BATS Global Markets Virgin America Red Rock Resorts ...read more
US IPO Weekly Recap: IPO momentum stumbles as three deals suffer from first-day flops
Three dividend-producing companies raised $639 million this past week, tying the prior week as the year's most active by deal count. Yet all three IPOs ended their first days down or flat, bringing the number of first-day flops up to 12 of 16 (75%). An active IPO market hinges on investors' comfort with taking on the risk of a new issue. Las Vegas casino operator...read more
Red Rock Resorts prices IPO at $19.50 midpoint
Red Rock Resorts, which operates 21 regional casino properties primarily in Las Vegas, raised $531 million by offering 27.3 million shares at $19.50, the midpoint of the range of $18 to $21. Red Rock Resorts plans to list on the Nasdaq under the symbol RRR. Deutsche Bank, J.P. Morgan, BofA Merrill Lynch, Goldman Sachs, Wells Fargo Securities, Citi and Macquarie Capital acted as...read more