One nanocap is currently scheduled to list in the week ahead, although some other small issuers may join the calendar throughout the week.
While not included in our IPO stats, gold exploration company Nova Minerals (NVA) plans to raise $8 million at a $43 million market cap. The company, based in Australia, has the majority stake of the Estelle Gold Project, which spans more than 125,000 acres of land in Alaska. The project includes two already defined multi-million ounce resources across four deposits, and the company has recently also discovered antimony and other critical minerals on the site.
Street research is expected for one companies in the week ahead, and lock-up periods will be expiring for one company. 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 6/13/2024, the Renaissance IPO Index was up 5.9% year-to-date, while the S&P 500 was up 14.7%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Kenvue (KVUE) and Coinbase Global (COIN). The Renaissance International IPO Index was down 3.2% year-to-date, while the ACWX was up 6.1%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Barito Renewables Energy and Wise.
