ZM News

The IPO market remained active during the shortened holiday week, with three IPOs and seven SPACs raising total proceeds of $2.5 billion. The week was led by Russian e-commerce platform Ozon Holdings (OZON), which upsized and priced above range to raise $990 million at a $5.4 billion market cap. Backed by private equity firm Baring Vostok and Russian...read more

The Renaissance IPO Index rose 2.8% on Monday, and surpassed its all-time high in mid-day trading. The IPO Index is now up 12.9% for the year, outperforming the S&P 500 by 20 points, and the Nasdaq Composite by 10 points. The Renaissance IPO ETF (NYSE: IPO) tracks the...read more

IPOs are leading the stock market's recovery. The Renaissance IPO Index has soared 42.6% from its mid-March low, compared to a 28.9% rebound for the S&P 500. The IPO Index, which is composed of the largest and most liquid IPOs over the past two years and tracked by the IPO ETF (NYSE: IPO), closed Monday...read more

There is no better beacon of light for a path out of the tangled forest created by the Covid-19 virus than the ingenuity of the American people. It’s expressed in businesses large and small quickly transforming themselves into producers of PPE and the overnight migration of American finance from Wall Street to living rooms. It’s also expressed intensely in the IPO market...read more