Two IPOs and one SPAC debuted this week. Four IPOs and seven SPACs submitted initial filings.
Missouri-based bank Central Company (CBC) priced its Nasdaq uplisting at the low end of the range to raise $373 million at a $5.0 billion market cap. Central is a super-community bank with 156 full-service branches across 17 MSAs, with business predominantly located in Missouri, though it is growing its presence in the states of Kansas, Oklahoma, Colorado, and Florida. It finished the week up 12%.
Faith-focused technology platform Gloo Holdings (GLOO) priced its IPO below the range to raise $73 million at a $582 market cap. Gloo provides a vertical platform to faith-based organizations, with an emphasis on churches and Christian organizations, serving approximately 57,000 paying customers as of July 31, 2025. It finished the week up 19%.
One SPAC also priced this week. Hall Chadwick Acquisition (HCACU) raised $180 million to target tech, minerals, and energy.
| 3 IPOs During the Week of November 17th, 2025 | |||||
|---|---|---|---|---|---|
| Issuer Business | Deal Size | Market Cap at IPO | Price vs. Midpoint | First Day Return | Return at 11/21 |
| Gloo Holdings (GLOO) | $73M | $582M | -27% | +1% | +19% |
| Provides digital tools and services and an online store for Christian organizations. | |||||
| Central Bancompany (CBC) | $373M | $5,007M | -7% | +9% | +12% |
| Missouri-based bank with 156 locations across five states. | |||||
| Hall Chadwick Acquisition (HCACU) | $180M | $254M | 0% | +0% | +0% |
| Blank check company formed by Australian advisory firm Hall Chadwick targeting tech, minerals, and energy. | |||||
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Four IPOs submitted initial filings this week. Satellite manufacturer York Space Systems (YSS) filed to raise an estimated $400 million. Diagnostic imaging provider Lumexa Imaging Holdings (LMRI) filed to raise an estimated $200 million. Collapsible shipping container developer GenFlat Holdings (GFLT) filed to raise $15 million at a $74 million market cap. Rare disease biotech Polaryx Therapeutics (PLYX) filed to complete a direct listing on the Nasdaq.
Seven SPACs also submitted initial filings. Michael Klein’s Churchill Capital XI (CCXIU) filed to raise $300 million. Infinite Eagle Acquisition (IEAGU), led by SPAC veteran Jeff Sagansky and former MGM CEO Harry Sloan, also filed to raise $300 million. D. Boral Acquisition (DBCAU), led by D. Boral Capital executives, filed to raise $250 million. Praetorian Acquisition (PTORU) filed to raise $220 million to target businesses that can be transformed by AI. Ithaca Capital Partners’ ITHAX Acquisition III (ITHAU) filed to raise $200 million. Breeze Acquisition II (BREZU) filed to raise $125 million to target global healthcare, tech, and robotics. Digital asset-focused Aperture AC (APURU) filed to raise $90 million.
| 11 Filings During the Week of November 17th, 2025 | |||
|---|---|---|---|
| Issuer Business | Deal Size | Sector | Lead Underwriter |
| GenFlat (GFLT) | $15M | Industrials | Craig-Hallum |
| Developing collapsible marine shipping containers. | |||
| Polaryx Therapeutics (PLYX) | $0M | Health Care | |
| Phase 2-ready biotech targeting rare lysosomal storage disorders. | |||
| Infinite Eagle Acq. (IEAGU) | $300M | SPAC | Goldman |
| Tenth blank check company led by SPAC veteran Jeff Sagansky and former MGM CEO Harry Sloan. | |||
| Churchill Capital XI (CCXIU) | $300M | SPAC | Citi |
| Blank check company founded by dealmaker and former Citi executive Michael Klein. | |||
| D. Boral Acquisition I (DBCAU) | $250M | SPAC | D. Boral Capital |
| Blank check company led by D. Boral Capital executives. | |||
| Aperture AC (APURU) | $90M | SPAC | IB Capital |
| Blank check company targeting the digital asset industry. | |||
| Breeze Acquisition II (BREZU) | $125M | SPAC | IB Capital |
| Blank check company targeting global businesses in healthcare, tech, and robotics. | |||
| ITHAX Acquisition III (ITHAU) | $200M | SPAC | Cantor Fitz. |
| Blank check company formed by Ithaca Capital Partners. | |||
| Lumexa Imaging (LMRI) | $200M | Health Care | Barclays |
| Diagnostic imaging provider with 184 outpatient centers across the US. | |||
| Praetorian Acquisition (PTORU) | $220M | SPAC | Clear Street |
| Blank check company targeting businesses that can be transformed by AI. | |||
| York Space Systems (YSS) | $400M | Industrials | Goldman |
| Makes satellites and mission-critical systems for space and defense programs. | |||
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IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 11/20/2025, the Renaissance IPO Index was down 2.2% year-to-date, while the S&P was up 12.4%. Renaissance Capital’s IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Kenvue (KVUE) and Arm Holdings (ARM). The Renaissance International IPO Index was up 31.7% year-to-date, while the ACWX was up 26.6%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and Horizon Robotics.
