Renaissance Capital logo

VEI News

Sector-wide sell-off: IPOs from all but one sector have traded off in recent months

VEI

The IPO market set new records in 2021, but a recent sell-off has walloped new issuers across nearly every sector over the past 90 days and 30 days. The sole sector with positive average returns, energy has produced just two IPOs since 2021, one of which was acquired shortly after its IPO (VEI). The remaining issuer, Aris Water Solutions (ARIS), averages a...read more

US IPO Weekly Recap: The IPO market heats up in an 11 IPO week

TUYA

The IPO market stayed busy this past week, with 11 IPOs raising $3.0 billion. The week’s IPOs were joined by 24 SPACs that raised $8.4 billion. New filers continued to fill the IPO pipeline, with 8 IPOs and 46 SPACs submitting initial filings. Chinese IoT platform developer Tuya (TUYA) priced above the range to raise $915 million at an $11.8 billion...read more

Blackstone-backed natural gas E&P Vine Energy prices IPO below the range at $14

VEI

Vine Energy, a Blackstone-backed natural gas E&P operating in Louisiana's Haynesville Basin, raised $301 million by offering 21.5 million shares at $14, below the range of $16 to $19. The company offered 2.8 million more shares than anticipated. Vine Energy is focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale...read more

US IPO Week Ahead: The spring IPO Market starts to thaw in a 10 IPO week

TUYA

Updated Monday, 3/15. The IPO market starts to pick back up with 10 IPOs scheduled to raise $2.5 billion in the week ahead. Chinese IoT platform developer Tuya (TUYA) plans to raise $806 million at a $10.4 billion market cap. Tuya’s platform offers PaaS and SaaS to over 5,000 customers for the development, management, and monetization of...read more