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Renaissance Capital's May IPO Market Update


Ten IPOs raised a combined $995 million in May, trailing the 10-year historical average (16 IPOs, $4.9B). May IPO activity declined from last month, which is not unusual based on historical trends, though in this case likely due to market turbulence in April. We still expect to see a more

US IPO Weekly Recap: Chinese EV brand gains 35% to lead 4 IPO week


Four IPOs and one SPAC debuted this past week. Two IPOs and one SPAC submitted initial filings. Chinese premium EV brand ZEEKR (ZK) priced its upsized IPO at the top of the range to raise $441 million at a $5.2 billion market cap. Originally part of Chinese auto giant Geely Auto, ZEEKR’s product portfolio includes two cross-over hatchback models, a more

Why the IPO market no longer sees small VC-backed tech


Based in Silicon Valley and focused on semiconductor design, this week's tech IPO Silvaco (SVCO) looks like the type of deal that 10 years ago would have been backed by venture capital. But VC-backed tech IPOs with less than $100 million in sales largely don't exist anymore. So what happened? Over the past decade, the number of small-cap tech deals has... more

Design software and services provider Silvaco prices IPO at $19, the high end of the range


Silvaco Group, which provides design automation software and semiconductor IP solutions, raised $114 million by offering 6 million shares at $19, the high end of the range of $17 to $19. Silvaco provides technology computer aided design (TCAD) software, electronic design automation (EDA) software, and semiconductor intellectual property (SIP), which enable semiconductor more