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About Renaissance Capital
Founded in 1991 and headquartered in Greenwich, CT, Renaissance Capital is the global leader in providing institutional research and investment management services focused on pre-IPO private companies and newly public companies.
The Firm provides research, valuation and analytical tools to institutional investors for purposes of assessing upcoming IPOs and for tracking the global IPO market. Renaissance Capital maintains the FTSE Renaissance Global IPO Index Series, which is designed to track the activity and performance of IPOs within developed and emerging markets and enables investors to obtain structured access to IPOs. The Firm also provides IPOfocused investment management services, including managing separate accounts for institutional investors and advising the Global IPO Fund (Symbol: IPOSX), the only mutual fund available to individual investors that focuses solely on newly public companies.
The Firm is a Registered Investment Advisor with 1940 Act compliance expertise and a FINRA-member Broker/Dealer.
Renaissance Capital provides institutional investors with fundamental, governance, valuation and technical analytics on private companies prior to their IPO market debut and thereafter. The research also includes analytics on global IPO market trends. Corporate services include expert witness and valuation services.
IPO Index Series
The FTSE Renaissance IPO Composite Index is the definitive benchmark of IPO performance and activity. This unique float-weighted index, consisting of a rolling two-year population of IPOs starting from the first day of trading, captures the essence of the IPO market.
IPO Investment Management
The Firm offers IPO-focused investment management services that use Renaissance Capital's research as the basis for its investment decisions. In addition to offering separately managed institutional accounts, the Firm manages the Global IPO Fund, the first mutual fund open to individual investors focused solely on newly public companies.
The IPO Center section of Renaissance Capital's public web site www.renaissancecapital.com is the leading source of up-to- date news and information on IPOs. This free site enables investors to find out about upcoming IPOs, analyze IPOs, track the returns of IPOs and follow IPO market trends.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Investors should consider the investment objectives, risks, charges and expenses carefully before investing.
As stated in the Prospectus, the total annual operating expenses for the Fund was 3.48%. The Adviser has contractually agreed to keep net expenses from exceeding 2.50% of the Fund’s average daily net assets for at least a year from the date of the Prospectus and for an indefinite period thereafter subject to annual re-approval of the agreement by the Board of Trustees.
An investor cannot invest directly in an index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.
Net Asset Value (NAV)
of the fund is calculated by dividing the total value of all the securities in its portfolio, less any liabilities, by the number of fund shares outstanding.
is current value at which an asset or service can be bought or sold.
is provided to show the comparison of the daily net asset value (NAV) and the midpoint of the closing bid/ask for each of the funds. The
Renaissance IPO Index® (IPOUSA)
is a stock market index based upon a portfolio of U.S.-listed newly public companies that includes securities prior to their inclusion in core U.S. equity portfolios.
The S&P 500® Index (SPX)
is a stock market index based on the market capitalizations of 500 large companies whose common stock is publicly traded on the NYSE. The S&P 500 index components are determined by S&P Dow Jones Indices.
Investments in the
Renaissance IPO ETF, symbol "IPO"
(the “ETF”) and the
Global IPO Fund, symbol "IPOSX"
(the “Mutual Fund”) are subject to investment risk, including possible loss of the principal amounts invested. The ETF and the Mutual Fund (the “Funds”) invest in companies that have recently completed their initial public offerings. These stocks are unseasoned equities lacking trading history, a track record of reporting to investors and widely available research coverage which many result in extreme price volatility. The Funds may also be subject to information technology risk and small and mid-capitalization company risk due to a greater number of IPOs in these sectors. The Funds may hold securities in the form of Depository Receipts, REITs, Master Limited Partnerships (MLPs) which have greater risks than common shares. The strategy has high portfolio turnover and securities lending risks. ETF returns may not match the return of the respective index. The ETF is classified as a non-diversified investment company and is subject to concentration risk.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus and/or summary prospectus with information about the Funds, please visit
. Read the prospectus carefully before investing. Renaissance Capital Investments, Inc., distributor for the Mutual Fund. Foreside Fund Services, LLC, distributor for the ETF, 1-866-486-6645.
Renaissance Capital LLC is an SEC-registered investment adviser.
Renaissance Capital Investments, Inc. is a
-registered broker-dealer, and member of
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