The IPO market’s annual February lull is in full swing, with no IPOs currently scheduled for the week ahead.
While the calendar is quiet at the moment, a handful of IPOs could launch in the coming week, including health insurer Oscar Health (OSCR), which is on file for an estimated $600 million IPO, as well as senior care provider InnovAge Holding (INNV) and low-cost airline Sun Country Airlines Holdings (SNCY), both of which filed to raise $100 million. Additionally, with SPAC activity still reaching new highs, a number of blank check IPOs will likely launch and price.
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 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 2/18/21, the Renaissance IPO Index was up 12.8% year-to-date, while the S&P 500 was up 4.2%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Uber (UBER) and Zoom Video (ZM). The Renaissance International IPO Index was up 8.5% year-to-date, while the ACWX was up 6.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include SoftBank and TeamViewer.
