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Renaissance Capital's 2015 US IPO Annual Review

FIT

Coming off of two banner years, the 2015 IPO market was a disappointment with 169 IPOs raising only $30 billion, a six-year low. There is no single explanation for the decline in 2015 activity; rather, it was driven by a number of factors, including uncertainties about Federal Reserve and European monetary policies, concerns over the Chinese economy, poor IPO performance, declining...read more

Renaissance IPO Index - Notice of September 2015 Quarterly Changes

BABA

The Renaissance IPO Index (Ticker: IPOUSA), the underlying index for the Renaissance IPO ETF (Ticker: IPO), will implement the following constituent changes at the market’s close on Friday, September 18, 2015: Additions: Blue Buffalo Pet Products TransUnion Ultragenyx...read more

US IPO Weekly Recap: 7 IPOs see Etsy vault 70%, proving vintage is in vogue

ETSY

Etsy exploded 88% out of the gate, giving it the best first-day return for a tech IPO in over a year. Cancer immunotherapy biotech Aduro Biotech flew up 147%, the year's third IPO to more than double on day one. This past week was the second largest of 2015 by proceeds raised as four companies went public at billion-dollar valuations, up from a week with two in January. 43 IPOs...read more

Party City prices IPO at $17, high end of the range

PRTY

Party City Holdco, the largest vertically-integrated party supply retailer with 900 stores in the US and Canada, raised $372 million by offering 21.9 million shares (100% primary) at $17, the high end of the $15-$17 range. At its offer price, Party City will have a fully diluted market cap of $2.0 billion and an enterprise value of $3.9 billion. Party City will list on the NYSE...read more