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LINE pops 27% on billion-dollar debut, sending a positive message to tech IPOs

LN

LINE (LN), the popular Japanese messaging platform, popped 27% on Thursday after raising $1.15 billion in the largest US tech IPO since Alibaba in September 2014. While tech IPO activity still remains well below historical levels, LINE’s IPO is the latest positive data point from the sector. The past ten tech IPOs finished Thursday with a positive return...read more

Renaissance International IPO Index - Notice of June 2016 Quarterly Changes

USFD

The Renaissance International IPO Index (Ticker: IPOXUS), the underlying index for the Renaissance International IPO ETF (Ticker: IPOS), will implement the following constituent changes at the market’s close on Friday, June 17, 2016: Additions: CYBG Dubai Parks and...read more

Renaissance IPO Index - Notice of June 2016 Quarterly Changes

USFD

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, June 17, 2016: Additions: BATS Global Markets Virgin America Red Rock Resorts ...read more

US IPO Weekly Recap: IPO market strengthens with 3 deals

MGP

After Bats Global Markets (BATS) successful IPO last week (+21% first day), three more large, revenue producing companies raised $1.3 billion this week, more than doubling this year’s proceeds. Following Bats's lead, MGM Growth Properties and American Renal Associates also priced above the midpoint and traded up on their debuts, marking...read more