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Updated: Renaissance Capital's 1Q 2023 US IPO Market Review

NXT

The IPO Pickup Gets Cut Short Following the US IPO market's slowest year in decades, the first quarter of 2023 continued the trend with 29 IPOs raising just $2.3 billion. Deal flow started at a decent pace but failed to pick back up after the February lull, as hawkish signals from the Fed, renewed recession fears,...read more

Renaissance Capital's January IPO Market Update

TXO

Following the challenges of the prior year, the 2023 IPO market started off strong with the Renaissance IPO Index climbing 16%, more than double the S&P 500's 6% gain. Seven IPOs raised $313 million, led by two issuers that raised $100+ million: property...read more

US IPO Weekly Recap: Oil and gas producer TXO leads a 4 IPO week

TXO

Four IPOs made it to market this past week, as several small deals delayed (BFRG, INTS, LRE, LSDI). Three companies joined the pipeline, including one filing to raise $100 million. TXO Energy Partners LP (TXO) led the week’s deals, completing the year’s first energy IPO. The oil and gas MLP priced at the midpoint to raise $100 million at a...read more

Chinese edtech QuantaSing Group prices US IPO at $12.50 midpoint

QSG

QuantaSing Group, which provides online financial literacy and personal interest courses for adults in China, raised $41 million by offering 3.3 million ADSs at $12.50, within the range of $11.50 to $13.50. The company was expected to price last week, but delayed its offering. Existing and new investors had indicated on $15 million worth of ADSs in the offering (37% of the deal)...read more