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IPOS IN THE NEWS

GTENU

The Gores Group's SPAC Gores Holdings X prices upsized $312 million IPO

Gores Holdings X, a blank check company formed by The Gores Group, raised $312 million by offering 31.2 million units at $10. The company offered 5.2 million more units than anticipated. Each unit consists of one share of common stock and one-fourth of a...read more

Cantor Equity Partners II logo

SPAC Cantor Equity Partners II prices upsized $240 million IPO

Cantor Equity Partners II, the eleventh blank check company formed by Cantor Fitzgerald, raised $240 million by offering 24 million shares at $10. The company offered 4 million more shares than anticipated. The offering did not contain warrants.Cantor...read more

CGCTU

Private equity firm's SPAC Cartesian Growth III prices upsized $240 million IPO

Cartesian Growth III, the third blank check company formed by Cartesian Capital Group targeting high-growth businesses, raised $240 million by offering 24 million units at $10. The company offered 4 million more units than anticipated. Each unit consists of one ...read more

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IPO ETF

U.S. IPO Performance

Created with Highcharts 10.3.2Chart context menuMay.20Jun.17Jul.15Aug.12Sep. 9Oct. 7Nov. 4Dec. 2Dec.30Jan.27Feb.24Mar.24Apr.21-14%-7%0%+ 7%+ 14%+ 21%+ 28%1m3m6mYTD1y3y5yAllRenaissance IPO IndexS&P 500Our ETF tracks the IPO Index
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Ticker Company Ticker
Trade
Date
Shares (M) Price Range Deal Size ($M) Underwriters
GTENU Gores Holdings X GTENU 00/00/00 31.2 $10.00 - $10.00 $312 Santander
CGCTU Cartesian Growth III CGCTU 00/00/00 24.0 $10.00 - $10.00 $240 Cantor Fitz.
CEPT Cantor Equity Partners II CEPT 00/00/00 24.0 $10.00 - $10.00 $240 Cantor Fitz.
SDM Smart Digital SDM 00/00/00 1.5 $4.00 - $6.00 $6 Tiger Brokers

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Ticker Company Ticker Offer Date Deal Size ($M) Current Price Today's Change Return from IPO
SDM Smart Digital SDM 05/01/25 $6 $4.00
n/a
n/a
n/a
YB Yuanbao YB 04/29/25 $30 $15.00
$0.00
(0.0%)
0.0%
PHOE Phoenix Asia PHOE 04/24/25 $6 $2.67
$0.00
(0.0%)
-33.3%

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Pricing Activity

Created with Highcharts 10.3.2Number of IPOsChart context menu105105160160193193163163221221397397717110910915015070702016201720182019202020212022202320242025050100150200250300350400450www.renaissancecapital.com as of 05/02/2025

IPO Proceeds Raised

Created with Highcharts 10.3.2Proceeds in Billions ($)Chart context menu$18.8$18.8$35.5$35.5$46.9$46.9$46.3$46.3$78.2$78.2$142.4$142.4$7.7$7.7$19.5$19.5$29.6$29.6$9.9$9.92016201720182019202020212022202320242025020406080100120140160www.renaissancecapital.com as of 05/02/2025

IPO ETF

NEW STOCKS ONLY
(Avg. Age 1.3 Years)

0.1%
overlap*

S&P 500

OLDER STOCKS
(Avg. Age 43 Years)

*By Weight, as of 01/01/2025

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