The IPO market is taking a breather, with no deals currently scheduled for the week ahead, though some smaller issuers may still price. This pause follows a period of heightened activity, with 13 pricings and $7 billion raised over the past two weeks.
A few notable names could still join the calendar before quarter end. Tennessee community bank Commercial Bancroup (CBK), university operator Phoenix Education (PXED), and flood insurance distributor Neptune Insurance (NP) are all currently eligible to launch, and data center REIT Fermi (FRMI) will be eligible on Monday.
Street research is expected for 4 companies in the week ahead, and 5 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 9/18/2025, the Renaissance IPO Index was up 24.0% year-to-date, while the S&P 500 was up 13.8%. Renaissance Capital’s IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Astera Labs (ALAB) and Reddit (RDDT). The Renaissance International IPO Index was up 41.6% year-to-date, while the AWCX was up 26.1%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and Horizon Robotics.
