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US IPO Week Ahead: No major IPOs amid market turbulence

June 10, 2022
Week Ahead

No major IPOs are currently scheduled to price in the week ahead, although a few small deals or SPACs may join the calendar during the week. Micro-cap HeartSciences (HSCS) plans to raise $9 million in a unit offering, and begin trading mid-week.

Street research is expected for two companies, including Bright Green (BGXX), which recently completed the year’s first direct listing. Lock-up periods will be expiring for up to six 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 6/9/2022, the Renaissance IPO Index was down 45.6% year-to-date, while the S&P 500 was down 15.1%. 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 26.0% year-to-date, while the ACWX was down 12.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Volvo Car Group and Kuaishou.