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US IPO Week Ahead: The quiet before the post-Labor Day IPO storm

August 28, 2020
Week Ahead

There are no IPOs scheduled for the week ahead, though a few SPACs may join the IPO calendar. New filings should continue to pour in as well.

While the calendar is quiet for the time being, a wave of filings this past week indicates that activity is set to explode following Labor Day. The list of companies set to launch in the second week of September contains a slew of high-profile names, including several that will vie to be the first Silicon Valley tech IPO of 2020.

High-Profile Companies Set for Post-Labor Day Launches
Sector File
Asana (SANA.RC) Direct Listing Technology 08/24
Provides enterprise task management and collaboration software.
Palantir (PLTR) Direct Listing Technology 08/25
Data analytics platform focused on the government and financial sectors.
Snowflake (SNOW) $2,000M Technology 08/24
Provides cloud-based SQL database software and warehousing.
Unity Software (U) $1,000M Technology 08/24
Provides a real-time 3D video game development platform.
Bentley Systems (BSY) $800M Technology 08/21
Provides software for construction and infrastructure projects.
GoodRx (GDRX) $750M Technology 08/28
Operates a prescription drug price comparison platform.
Pactiv Evergreen (PTVE) $750M Materials 08/24
The largest manufacturer of fresh food and beverage packaging in North America.
Amwell (AMWL) $100M Health Care 08/24
Provides a telehealth platform for insurers and patients.
Corsair Gaming (CRSR) $100M Technology 08/21
Designs and supplies personal computer and gaming hardware components.
JFrog (FROG) $100M Technology 08/24
Sells software tools that streamline app development.
Sumo Logic (SUMO) $100M Technology 08/24
Provides on-demand cloud log management solutions to enterprises.

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Street research is expected for eight companies, and lock-up periods will be expiring for two companies. For access to Street research and lock-up period 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 8/27/20, the Renaissance IPO Index was up 52.4% year-to-date, while the S&P 500 was up 7.7%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was up 37.9% year-to-date, while the ACWX was down 3.1%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Xiaomi and Meituan-Dianping.