Three sizable IPOs and four SPACs priced this week. Eleven IPOs and four SPACs submitted filings.
Italy-based tech company Bending Spoons (BSP) priced above the range to raise $1.7 billion at a $19.5 billion market cap. Bending Spoons acquires digital businesses, implements transformations and optimizations to expand earnings, and reinvests in additional acquisitions to continue the compounding cycle. The company has completed more than 50 acquisitions to date. In the 1Q26, its main businesses were, in alphabetical order, AOL, Brightcove, Eventbrite, Evernote, Harvest, komoot, Remini, StreamYard, Vimeo, and WeTransfer. Its portfolio served over 500 million monthly active users and more than 9 million monthly paying customers in March 2026. Bending Spoons finished the week up 24%.
Broadband and utility engineering firm ITG (ITG) priced well below the range to raise $312 million at a $1.9 billion market cap. ITG provides infrastructure services to broadband, wireless, and utility network operators across the United States. The company operates through two segments: Engineering & Maintenance, which supports ongoing network operations and planned maintenance, and Infrastructure Deployment, which covers the planning, design, and construction of new and expanded networks. ITG serves a diverse customer base including broadband service providers, fiber providers, wireless carriers, data center operators, and public and private utilities. ITG finished the week down -3%.
E-scooter rental platform Lime (LIME) priced at the midpoint to raise $174 million at a $1.8 billion market cap. Lime states that it is the largest global shared micromobility business. The company provides short-term rentals of e-scooters and e-bikes, operating in approximately 230 cities across 29 countries as of December 31, 2025. It served approximately 19 million riders in 2025, and its market share across both docked and dockless shared micromobility operators was approximately 27% across the countries it operated in, including 37% in the US. In the first quarter of 2026, Lime had 3.1 million monthly active users (+22% y/y). Lime finished the week flat.
While not included below, mineral exploration company Idaho Copper (COPR) raised $18 million at a $96 million market cap in a NYSE American uplisting with warrants attached. Idaho Copper is focused on exploring and developing a copper-molybdenum-silver deposit in Idaho, called the CuMo Project. The project comprises approximately 2,640 acres across 132 mining claims, including 126 federal unpatented lode claims and six patented claims. It finished down -14%.
Four SPACs also priced this week. Ares Acquisition III (AAC.U), the third blank check company formed by Are Management, raised $345 million. Osprey Acquisition III (OSPRU) raised $261 million to target energy infrastructure. Viking Acquisition II (VII.U), the second SPAC led by executives from KingsRock, raised $200 million. Meridian3 Industrial Acquisition (MIACU) raised $175 million to target industrial technology.
| 7 IPOs During the Week of June 29th, 2026 | |||||
|---|---|---|---|---|---|
| Issuer Business | Deal Size | Market Cap at IPO | Price vs. Midpoint | First Day Return | Return at 07/03 |
| Bending Spoons (BSP) | $1,681M | $19,467M | 7% | +40% | +24% |
| Operates a portfolio of acquired and optimized digital businesses including AOL and Eventbrite. | |||||
| Osprey Acquisition III (OSPRU) | $261M | $358M | 0% | +1% | +1% |
| Blank check company targeting next-generation energy infrastructure. | |||||
| Ares Acquisition III (AAC.U) | $345M | $431M | 0% | +1% | +1% |
| Third blank check company formed by Ares Management. | |||||
| Viking Acquisition II (VII.U) | $200M | $272M | 0% | +0% | +0% |
| Second blank check company led by executives from advisory firm KingsRock. | |||||
| Meridian3 Industrial Acq. (MIACU) | $175M | $219M | 0% | +0% | +0% |
| Blank check company targeting industrial technology. | |||||
| Lime (LIME) | $174M | $1,786M | 0% | +4% | +0% |
| Operates an e-scooter and e-bike rental platform across 230 cities globally. | |||||
| ITG (ITG) | $312M | $1,940M | -22% | +11% | -3% |
| Provides outsourced engineering services to broadband operators and utilities. | |||||
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Eleven IPOs submitted initial filings this week, led by convenience store chain Cumberland Farms (CMBY) and sandwich restaurant chain Jersey Mike’s (JMKE), which could both raise $1 billion apiece. China-based copper foil maker Londian Wason (LOND.RC) filed to raise an estimated $350 million. Argentina-based renewable energy producer Genneia (GENN) filed for a $100 million New York-Buenos Aires dual listing.
Four SPACs submit initial filings this week. B&R Technology Merger (BRTMU), led by venture capitalist David York, filed to raise $325 million to target AI-related tech. Laris Growth Acquisition (LARSU) filed to raise $200 million to target quantum computing and autonomous systems. Three Lions Acquisition (TLACU) filed to raise $100 million to target sports, hospitality, and real estate. Gold Mountain Acquisition (GDMTU) filed to raise $75 million to target businesses in Asia.
| 15 Filings During the Week of June 29th, 2026 | |||
|---|---|---|---|
| Issuer Business | Deal Size | Sector | Lead Underwriter |
| B&R Technology Merger (BRTMU) | $325M | SPAC | Citi |
| Blank check company led by venture capitalist David York focused tech companies with AI tailwinds. | |||
| Cumberland Farms (CMBY) | $1,000M | Consumer Staples | BofA |
| Leading convenience store chain with over 3,200 sites in the US and Europe. | |||
| Genneia (GENN) | $100M | Utilities | Morgan Stanley |
| Renewable energy producer in Argentina. | |||
| Gold Mountain Acquisition (GDMTU) | $75M | SPAC | EarlyBird |
| Blank check company targeting businesses in Asia. | |||
| Jersey Mike's (JMKE) | $1,000M | Consumer Discretionary | Morgan Stanley |
| Franchised sandwich chain with over 3,000 locations in the US. | |||
| Laris Growth Acquisition (LARSU) | $200M | SPAC | BTIG |
| Blank check company targeting quantum computing and autonomous systems. | |||
| Londian Wason (LOND.RC) | $350M | Industrials | Cantor Fitz. |
| China-based producer of copper foils and laminates. | |||
| Scribe Therapeutics (SCTX) | $75M | Health Care | Leerink Partners |
| Phase 1 biotech developing CRISPR therapies for cardiovascular and metabolic diseases. | |||
| Three Lions Acquisition (TLACU) | $100M | SPAC | EarlyBird |
| Blank check company targeting sports, hospitality, and real estate. | |||
| IMC Rare Earths (IMC) | $20M | Materials | Roberts & Ryan |
| Exploration-stage rare earths mining company with projects in Brazil. | |||
| Lagarosse Holdings (LAGH) | $29M | Consumer Staples | ATIS |
| France-based red wine producer, exporter, and retailer with an estate in Bordeaux. | |||
| Worldstar Engineering (WSTAR.RC) | $28M | Industrials | Stratosphere Cap. |
| Hong Kong-based provider of building maintenance and renovation services. | |||
| Ionic Digital (IOND) | $0M | Technology | |
| Bitcoin miner formed from the assets of Celsius Mining. | |||
| Koei Group (KOEI) | $19M | Industrials | Roth Cap. |
| Japan-based provider of recycling and industrial waste management services. | |||
| Smart Pointer Group (SPGH) | $28M | Industrials | Cathay Securities |
| Hong Kong-based provider of temperature-controlled logistics services. | |||
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IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 7/1/2026, the Renaissance IPO Index was up 28.5% year-to-date, while the S&P 500 was up 10.0%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Astera Labs (ALAB) and Arm Holdings (ARM). The Renaissance International IPO Index was up 51.1% year-to-date, while the ACWX was up 13.7%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Kioxia and CATL.
