Renaissance Capital logo

IPO Center

Research IPOs and Discover New Stocks

IPOS IN THE NEWS

Winners and Losers logo

US IPO Weekly Winners & Losers

Markets rallied this week as trade tensions eased and hopes grew for a June rate cut.

The IPO Index capped off a four-day winning streak on Friday with a +7.7% gain for the week. The S&P 500 lagged with a +4.6% ... read more

Winners and Losers logo

International IPO Weekly Winners & Losers

International IPO Index: International markets rose this week, as tariff unease subsided. The Renaissance International IPO Index jumped +5.7%, while the MSCI ACWI ex-US ETF finished up +3.5%. Swiss skin care company Galderma took the top spot this week, up +18. ... read more

AIRO

US IPO Week Ahead: 2 IPOs may debut in spite of ongoing market uncertainty

Two IPOs are set to list in the week ahead, although some deals may move around the calendar at the last minute.Aerospace and defense company AIRO (AIRO) is tentatively scheduled to raise $75 million at a $381 million market cap. AIRO’s business is ...read more

READ ALL IPO NEWS

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
INVEST IN THE IPO ETF

IPO PRO
TIP

Researching by industry will help you uncover new investment ideas based on new and emerging technologies and industries. Click on an industry to learn more about IPOs launching soon, then use IPO Pro to further research historical performance and upcoming IPOs.

TRY IPO PRO
Ticker Company Ticker
Trade
Date
Shares (M) Price Range Deal Size ($M) Underwriters
OMSE OMS Energy Technologies OMSE 00/00/00 5.6 $8.00 - $10.00 $50 Roth Cap.
BGIN Bgin Blockchain BGIN 00/00/00 6.3 $7.00 - $9.00 $50 Chardan
Benchmark
YB Yuanbao YB 00/00/00 2.0 $13.00 - $15.00 $28 Goldman (Asia)
Citi
APUS Apimeds Pharmaceuticals APUS 00/00/00 3.5 $4.00 - $5.00 $16 D. Boral Capital

Ride the AI Wave

Looking for the best AI stocks?
Discover new AI stocks early.

Ticker Company Ticker Offer Date Deal Size ($M) Current Price Today's Change Return from IPO
PHOE Phoenix Asia PHOE 04/24/25 $6 $3.65
$0.00
(0.0%)
-8.8%
CIGL Concorde International CIGL 04/21/25 $5 $4.18
$0.00
(0.0%)
4.5%
TMDE TMD Energy TMDE 04/21/25 $10 $1.50
$0.00
(0.0%)
-53.9%

IPO PRO TIP

The IPO price is the price the underwriters will sell stock to institutional and accredited investors. Learn more at IPO University

2025 Q1 US Market Review

Q1 2025 US Review cover
Download Now

Get the Quarterly Review

Business man on his cellphone AI quiz on cellphone

Positioned to Profit from AI?


Take This Free 60-second Quiz.

Unlock AI Profits based on Your Investor Type

Start Quiz

Do New Stocks Have a Place in Your Portfolio?

IPO Investment Case
Download Now

Get the Investment Case

Pricing Activity

Created with Highcharts 10.3.2Number of IPOsChart context menu105105160160193193163163221221397397717110910915015068682016201720182019202020212022202320242025050100150200250300350400450www.renaissancecapital.com as of 04/28/2025

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 04/28/2025

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

Seek to Diversify Your Portfolio

The IPO ETF has almost NO Overlap with the S&P 500

The IPO ETF only contains New Stocks

How to Invest

Uncover New IPO Opportunities

Enhance your knowledge with IPO Pro. Screen for new stocks and find opportunities that others miss.

Start your 7-day trial of IPO Pro

New to IPOs?

We Wrote The Book

Explore IPO University

View IPO Glossary by Letter


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z