Two IPOs are currently scheduled in the week ahead, although some other small issuers may join the calendar throughout the week.
Energy equipment and services provider Flowco Holdings (FLOC) plans to raise $392 million at a $1.9 billion market cap. The company was formed this year through the merger of Flowco Production Solutions, Estis Compression, and Flogistix. It calls itself a leading provider of production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry. Its products and services allow energy producers to maximize the profitability and lifespan of active wells. Its core products include high pressure gas lift, conventional gas lift, plunger lift, and vapor recovery unit solutions, overlaid by its proprietary digital systems. Its products and services seek to optimize production and counteract the natural decline in production rates that wells experience over time.
Neural implant developer Cortigent (CRGT) plans to raise $15 million at a $65 million market cap. The company is developing systems that use a camera mounted on glasses combined with a brain implant that delivers targeted electrical neurostimulation to provide artificial vision. The company has substantially completed an early feasibility trial of a system for artificial vision called Orion.
| U.S. IPO Calendar | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | Price Range Shares Filed | Top Bookrunners |
| Cortigent (CRGT) Valencia, CA | $15M $65M | $10 1,500,000 | ThinkEquity |
| Developing camera-based neural implants that restore partial vision to the blind. | |||
| Flowco (FLOC) Houston, TX | $392M $1,950M | $21 - $23 17,800,000 | JP Morgan Jefferies |
| Provides equipment and services that optimize the production of oil and gas wells. | |||
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Street research is expected for five companies in the week ahead, and four 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 1/8/2025, the Renaissance IPO Index was up 2.7% year-to-date, while the S&P 500 was up 0.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Arm Holdings (ARM) and Kenvue (KVUE). The Renaissance International IPO Index was up 1.4% year-to-date, while the ACWX was up 0.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and Porsche.
