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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 December 2015 Quarterly Changes

TWTR

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, December 18, 2015: Additions: Antero Midstream Partners LP Ares...read more

Labor Day Weekend was a turning point for IPOs

The later in 2015 that a company has filed, the more likely it is that it will price down in its IPO. In 2015, 168 IPOs have raised $29.5 billion, pricing an average of -4.8% below their midpoints. Before Labor Day, 35% of 131 deals priced below the range; after Labor Day, 70% of 37 deals did. It has been a tough year for the IPO market overall, but perhaps...read more

US IPO Weekly Recap: GoDaddy is going, going, gone - IPO up 30%

GDDY

GoDaddy went public this week and performed better on its debut than any LBO from 2014. As we note in our new 1Q 2015 Quarterly Review, the first quarter slowed considerably - particularly in technology names - but GoDaddy's 33% gain is an...read more