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US IPO Weekly Recap: Small issuers join the pipeline, while big candidates stay on the sidelines

September 11, 2026
Weekly Recap

Although no IPOs debuted this week, four small IPOs and five SPACs submitted initial filings.

Rothe Development (RTHD.RC), an engineering and missions operations contractor, filed to raise $50 million. Vietnam-based real estate platform Meey Global (MEEY.RC) filed to raise $35 million. China-based electric appliance retailer Jingrui Wang Pu Hondings Group (JRWP) filed to raise $31 million at a $131 million market cap. Hong Kong-based investment education course provider Hao Feng Group (HFE) filed to raise $21 million at a $151 million market cap.

Five SPACs submitted initial filings this week. Allarity Acquisition (ALLNU) filed to raise $100 million to target life sciences and biotechs. Elevation Acquisition (ELEVU) filed to raise $100 million to target cash flow-positive businesses. Football Manager SPAC (FBLLU) filed to raise $100 million to target a mid-tier European professional football club. Harbour Island Acquisition I (HRIAU) filed to raise $100 million to target industrial materials, chips, and tech. FutureCore Acquisition (FTCRU) filed to raise $75 million to target businesses with defensible market positions.

9 Filings During the Week of September 7th, 2026
Issuer
Business
Deal
Size
SectorLead
Underwriter
FutureCore Acquisition (FTCRU)$75MSPACPolaris
Blank check company targeting long-term growth potential and defensible market positions.
Hao Feng Group (HFE)$21MConsumer DiscretionaryEddid Securities
Provides investment education courses in Hong Kong for retail investors.
Meey Global (MEEY.RC)$35MTechnologyArc Group Securities
Operates an online real estate marketplace and property data platform in Vietnam.
Allarity Acquisition (ALLNU)$100MSPACMaxim
Blank check company backed by Allarity Therapeutics targeting life sciences and biotech.
Elevation Acquisition (ELEVU)$100MSPACMaxim
Blank check company targeting cash flow-positive businesses with defensible market positions.
Football Manager SPAC (FBLLU)$100MSPACD. Boral Capital
Blank check company targeting a mid-tier European professional football club.
Harbour Island Acq. I (HRIAU)$100MSPACClear Street
Blank check company targeting technology components and infrastructure, robotics, and aerospace.
Jingrui Wang Pu (JRWP)$31MConsumer DiscretionaryEddid Securities
Electric appliance wholesaler and retailer in China.
Rothe Development (RTHD.RC)$50MIndustrialsTitan Partners
Engineering and mission operations contractor for NASA and other federal agencies.

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IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/10/2026, the Renaissance IPO Index was up 13.7% year-to-date, while the S&P 500 was up 11.8%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include CoreWeave (CRWV) and Astera Labs (ALAB). The Renaissance International IPO Index was up 38.6% year-to-date, while the ACWX was up 17.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and CATL.