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 | |||
|---|---|---|---|
| Issuer Business |
Deal Size |
Sector | File Date |
| 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.
