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US IPO Week Ahead: IPO calendar looks quiet with two small deals

March 10, 2023
Week Ahead

Just two small companies are currently scheduled to list in the week ahead, neither of which are eligible for inclusion in our IPO stats.

Early-stage gold and copper mining company U.S. GoldMining (USGO) plans to raise $20 million at a $121 million market cap, offering units. Spun out of dual-listed GoldMining, the company is focused on exploring and advancing a 53,700 acre project in the Yentna Mining District of Alaska. U.S. GoldMining has no operating revenues, and does not anticipate generating revenues for the foreseeable future.

Holdover ICZOOM Group (IZM) plans to raise $7 million at a $46 million market cap. Operating as Pai Ming Shenzhen, the nano-cap provides an electronic components trading platform for small and medium enterprises in China. ICZOOM is profitable and growing.

Street research is expected for one company in the week ahead, and five lock-up periods will be expiring. 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 3/9/2023, the Renaissance IPO Index was up 9.0% year-to-date, while the S&P 500 was up 2.4%. 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 2.8% year-to-date, while the ACWX was up 4.8%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Porsche and Kuaishou.