One name debuted this week in a best efforts offering, while three IPOs and three SPACs submitted initial filings.
While not included in our IPO statistics, community bank Narragansett Bancorp (NARA) raised $91 million at a $212 million market cap in a best efforts, min/max offering sold on a subscription basis. The company operates BayCoast Bank, a Massachusetts-chartered savings bank with 25 full-service branches in southeastern Massachusetts and Rhode Island. Narragansett Bancorp finished the week up 8%.
Three IPOs submitted initial filings this week. Hong Kong-based live music services provider Guitar Group (GITR.RC) filed to raise $31 million. Canada-based used vehicle dealer UC Automotive (UCAU.RC) filed to raise $29 million. Singapore-based cross-border payment services provider BEHNEH (BENE) filed to raise $20 million at a $100 million market cap.
Three SPACs also submitted initial filings. Churchill Capital XIV (CXIVU), founded by dealmaker and former Citi executive Michael Klein, filed to raise $300 million. Kartoon Studios Acquisition (KACQ.U) filed to raise $300 million to target children’s media and entertainment. A Paradise III Acquisition (APCDU) filed to raise $100 million to target leisure and entertainment.
| 6 Filings During the Week of November 2nd, 2026 | |||
|---|---|---|---|
| Issuer Business | Deal Size | Sector | Lead Underwriter |
| A Paradise III Acq. (APCDU) | $100M | SPAC | Maxim |
| Blank check company targeting leisure and entertainment. | |||
| BEHNEH (BENE) | $20M | Technology | Sutter Securities |
| Singapore-based provider of cross-border payment services. | |||
| UC Automotive (UCAU.RC) | $29M | Consumer Discretionary | Kingswood |
| Canada-based used vehicle dealer in the Greater Vancouver area. | |||
| Guitar Group (GITR.RC) | $31M | Consumer Discretionary | Univest Sec. |
| Hong Kong-based provider of music events, guitar-making workshops, and guitar repairs. | |||
| Kartoon Studios Acq. (KACQ.U) | $300M | SPAC | E.F. Hutton |
| Blank check company backed by Kartoon Studios targeting children's media and entertainment. | |||
| Churchill Capital XIV (CXIVU) | $300M | SPAC | Citi |
| Blank check company founded by dealmaker and former Citi executive Michael Klein. | |||
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IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 11/5/2026, the Renaissance IPO Index was down 6.8% year-to-date, while the S&P 500 was up 8.2%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include SpaceX (SPCX) and SK hynix (SKHY). The Renaissance International IPO Index was up 8.7% year-to-date, while the ACWX was up 10.4%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and CATL.
