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US IPO Week Ahead: 1 small IPO on the calendar as slow summer continues

July 15, 2022
Week Ahead

The IPO market’s slow summer is set to continue with one IPO scheduled to price in the week ahead. Other small deals may also join the calendar during the week.

After delaying its debut this past week, Virax Biolabs (VRAX) plans to raise $7 million at a $57 million market cap. Operating in the UK and Hong Kong, Virax Biolabs provides a portfolio of diagnostics test kits and med-tech and PPE products for viral diseases. The company has a limited operating history and is highly unprofitable.

U.S. IPO Calendar
Deal Size
Market Cap
Price Range
Shares Filed
Virax Biolabs (VRAX)
London, United Kingdom
UK-based provider of diagnostic tests and PPE for viral diseases.

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Stay on top of the IPO market by reading our quarterly publications:
- 2Q 2022 US IPO Market Review
- The Most Active Audit Firms of 2Q22 IPO Market
- The 2Q22 IPO Market’s Law Firm Leaderboard

IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 7/14/2022, the Renaissance IPO Index was down 47.5% year-to-date, while the S&P 500 was down 19.8%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Airbnb (ABNB) and Snowflake (SNOW). The Renaissance International IPO Index was down 32.8% year-to-date, while the ACWX was down 20.9%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Kuaishou and Nongfu Spring.