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US IPO Week Ahead: IPO market takes a break for the holidays

December 22, 2023
Week Ahead

There are currently no IPOs scheduled for the short holiday week ahead. While some small foreign issuers may join the calendar late, the window for any major IPOs will be effectively closed until the new year.

This is the final edition of the Week Ahead for 2023. Our weekly blogs will resume in the first week of January.

After a relatively muted 2023, rumblings in the public IPO pipeline and the private company backlog signal a pickup in the year ahead. The industrials, healthcare, and consumer sectors should remain active, and we expect to see a more robust comeback from large tech IPOs.

For more about activity over the past year, as well as what to expect in 2024, read our 2023 US IPO Review.

Street research is expected for two companies, and five lock-up periods will be expiring. For access to Street research and lock-up expiration dates, sign up for a free trial of IPO Pro.

IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 12/21/2023, the Renaissance IPO Index was up 50.9% year-to-date, while the S&P 500 was up 25.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Kenvue (KVUE) and Coinbase Global (COIN). The Renaissance International IPO Index was down 17.8% year-to-date, while the ACWX was up 14.1%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Kuaishou and Wise.