RUN News

Equity Selloff Hits Recent IPOs Recent IPOs have not been exempt from the steep selloff in the major indices. As of midday Friday, the Renaissance IPO Index was down 5.6% for the week, underperforming the S&P 500's -4.3% return. One of the most prominent IPOs of recent memory,...read more

Biotech companies lead a weak week in IPOs. So far this year, 127 companies have come public, and the average first-day pop has been about 16%. In the past two weeks, 8 of 12 IPOs ended their first day down or flat. The downward trend accelerated this week with an average first-day return...read more

On Wednesday, two IPOs raised over $200 million and then experienced a double-digit loss on the first day of trading. Only two IPOs during all of 2014 raised that much capital and then fell 10% or more - King Digital (KING) and Forward Pharma (FWP). SunRun (RUN) priced at its midpoint and raised $251 million, then dropped 23% on its first day. Only 1% of...read more

Sunrun, the second-largest residential solar company in the US, raised $251 million by offering 17.9 million shares at $14, the midpoint of the $13-$15 range. Sunrun plans to list on the Nasdaq under the symbol RUN. Sunrun initially filed confidentially on 3/27/2015. Credit Suisse, Goldman Sachs, Morgan Stanley, BofA Merrill Lynch and RBC Capital Markets acted as lead managers on...read more