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US IPO Week Ahead: IPO market could ring in the new year with notable launches

December 30, 2022
Week Ahead

There are currently no IPOs scheduled for the first week of January, though we could see some notable launches as we enter the new year.

Several large issuers in the pipeline have kept their prospectuses fresh over the past year. Leading the lineup is Vietnamese EV spin-off VinFast Auto (VFS), which is anticipated to list in the coming weeks in a deal that could raise at least $1 billion. Other names include battery maker Clarios International (BTRY), car sharing platform Turo (TURO), REIT SmartStop Self Storage (SMST), renewables company REV Renewables (RVR), and energy plays BKV Corp (BKV) and Bounty Minerals (BNTY).

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 12/29/2022, the Renaissance IPO Index was down 57.1% year-to-date, while the S&P 500 was down 17.9%. 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 15.2%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Porsche and Kuaishou.