No IPOs are currently scheduled to price in the week ahead, although a few SPACs may join the calendar during the week.
While a wave of filings in mid-May typically sets up the calendar for post-Memorial Day launches, new filings have been quiet. Several large deals in the pipeline have updated recently (DSTY, CBRG, TURO, STWY), and mining billionaire Robert Friedland’s Ivanhoe Electric (IE) filed this past week to raise $200 million.
Street research is expected for three 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 5/26/2022, the Renaissance IPO Index was down 47.6% year-to-date, while the S&P 500 was down 14.3%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Uber Technologies (UBER) and CrowdStrike (CRWD). The Renaissance International IPO Index was down 31.1% year-to-date, while the ACWX was down 12.8%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Volvo Car Group and Kuaishou.
