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|
|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.|
|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.|
|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.|
|Sells software tools that streamline app development.|
|Sumo Logic (SUMO)||$100M||Technology||08/24|
|Provides on-demand cloud log management solutions to enterprises.|
Sign up for a free trial of our premium platform, IPO Pro. Follow us on Twitter (@IPOtweet) and register for our updates on the IPO market.
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.