The IPO calendar looks quiet for the Thanksgiving week, although some small issuers may join last minute.
While there are no deals currently scheduled, rumbles in the pipeline mean that we could see some activity in December. Potential post-Thanksgiving launches include recent filers like product testing company UL Solutions (ULS), Chinese EV brand ZEEKR (ZK), and specialty insurer Fortegra (TFG). Other large filers that have provided updates recently include hospital billing platform Waystar (WAY), car sharing platform Turo (TURO), homebuilder Smith Douglas (SDHC), and helicopter transport company Phi Group (ROTR).
Street research is expected for two companies in the week ahead, and one lock-up period will be expiring. For access to Street research and lock-up expiration dates, sign up for a free trial of IPO Pro.
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 11/16/2023, the Renaissance IPO Index was up 30.8% year-to-date, while the S&P 500 was up 19.1%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Palantir Technologies (PLTR) and Kenvue (KVUE). The Renaissance International IPO Index was down 17.1% year-to-date, while the ACWX was up 8.7%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Kuaishou and Porsche.
