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Renaissance Capital's April IPO Market Update


Eleven very small IPOs raised a combined $111 million in April, well below the 10-year average (16 IPOs, $4.0B). The month’s largest deal raised just $19 million as issuance from larger names continued to stall in the wake of March’s banking crisis. Nearly all of the month’s issuers were based in Asia, except for fitness equipment brand more

US IPO Weekly Recap: IPO market has a full week of small deals, led by Chinese issuers


Six small deals began trading this past week, five of which met the criteria for our IPO stats. They were joined by one blank check IPO. U Power (UCAR) downsized and priced at the low end to raise $15 million at a $315 million market cap. U Power started as a vehicle sourcing service provider in China, and in 2020, it also began developing more

Chinese advisory services provider Top KingWin prices downsized US IPO at $4 low end


Top KingWin, which provides financing advisory and related services to SMEs in China, raised $11 million by offering 2.75 million shares at $4, the low end of the range of $4 to $5. The company offered 0.25 million fewer shares than anticipated. Top KingWin provides advisory and transaction services, corporate consulting services, and corporate business training services, more

US IPO Weekly Recap: Just one small IPO begins trading as the pipeline grows


Just one small IPO began trading this week as headline deal QuantaSing Group (QSG) delayed its offering; it now plans to price in the week ahead. The pipeline continued to see more activity, with six IPOs submitting initial filings, including three planning to raise $100 million. The week’s sole deal, Cadrenal Therapeutics (CVKD) more