Despite another week of the shutdown on the horizon, the IPO calendar has a few deals scheduled for the week ahead.
UK-based social commerce platform WeShop Holdings (WSHP) plans to complete a direct listing in the US. Based on the split-adjusted price from its most recent private placement, the company would command a market value of $591 million. WeShop provides a network for consumers to review purchases in exchange for points, and as of March 2025, it had 800+ retail partners across the US and UK. The company has generated limited revenue to date and is highly unprofitable.
Autonomous mower maker Firefly Automatix (FFLY) plans to raise $25 million at a $163 million market cap. The company makes autonomous lawn care equipment for turf and agricultural applications, with an estimated 770+ machines in use across the Americas, Europe, the Asia Pacific region, and other international markets.
Yacht retailer Off The Hook YS (OTH) plans to raise $25 million at a $125 million market cap. The company claims to be the largest marine wholesaler in the industry, with eight physical locations and an online presence. Off The Hook also offers financing solutions for clients, as well as complementary vessel services and repairs.
| U.S. IPO Calendar | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | Price Range Shares Filed | Top Bookrunners |
| WeShop Holdings (WSHP) St. Helier, Jersey | $101M $591M | $25.40 3,980,128 | |
| UK-based social commerce platform that offers consumers shares in the company. | |||
| Off The Hook (OTH) Wilmington, NC | $25M $125M | $4 - $6 5,000,000 | ThinkEquity |
| Yacht and boat retailer and wholesaler. | |||
| Firefly Automatix (FFLY) Salt Lake City, UT | $25M $163M | $4.50 - $6.50 4,545,454 | Roth Cap. Lake Street Cap. |
| Makes electric turfgrass harvesters and autonomous golf course mowers. | |||
Street research is expected for six companies in the week ahead, and seven 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 11/6/2025, the Renaissance IPO Index was up 6.3% year-to-date, while the S&P 500 was up 15.5%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Arm (ARM) and Kenvue (KVUE). The Renaissance International IPO Index was up 41.9% year-to-date, while the ACWX was up 28.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and Horizon Robotics.
