The October IPO market looks like it will be off to a quiet start, with no IPOs currently scheduled for the week ahead. The impending US government shutdown means it could stay that way.
Leading the week’s potential headlines, luxury sandal brand Birkenstock (BIRK) is reportedly set to launch its US IPO on the first Monday of the month, with plans to price the following week. But if the government shuts down, those plans, as well as those of other large issuers targeting October IPOs, will likely be put on hold.
Street research is expected for two companies in the week ahead, and lock-up periods will be expiring for three companies. For access to Street research and lock-up expiration dates, sign up for a free trial of IPO Pro.
This past week, we released our review of the 3Q23 US IPO markets, where we cover activity over the past quarter, IPO performance, our outlook going forward, and more. Read here.
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/28/2023, the Renaissance IPO Index was up 27.0% year-to-date, while the S&P 500 was up 13.4%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Airbnb (ABNB) and Kenvue (KVUE). The Renaissance International IPO Index was down 19.7% year-to-date, while the ACWX was up 5.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Kuaishou and Porsche.
