There are currently no IPOs firmly scheduled to list in the week ahead as the US presidential election comes into view. One small issuer is tentatively on the calendar for the coming week though, and others may join the roster late.
Currently listed on the CSE, OTC, and Frankfurt Exchange, Aduro Clean Technologies (ADRO) may raise $5 million at a $131 million market cap. The company is developing a highly flexible chemical recycling platform featuring three unique technologies, which transform lower-value feedstocks into useful, higher-value chemical feedstocks and fuels. Aduro has generated minimal revenues to date.
| U.S. IPO Calendar | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | Price Range Shares Filed | Top Bookrunners |
| Aduro Clean Technologies (ADUR) London, Canada | $5M $131M | $4.25 - $5 1,098,901 | Craft Capital EF Hutton |
| Canadian developer of chemical recycling technologies. | |||
Street research is expected for six companies in the week ahead, and four lock-up periods 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 10/31/2024, the Renaissance IPO Index was up 19.4% year-to-date, while the S&P 500 was up 21.0%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Nu Holdings (NU) and Kenvue (KVUE). The Renaissance International IPO Index was down 8.9% year-to-date, while the ACWX was up 9.1%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Amman Mineral Internasional and Porsche.
