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US IPO Week Ahead: December IPO market starts with a quiet week

November 29, 2024
Week Ahead

No IPOs are currently scheduled to price in the week ahead.

Excluding micro-caps, we expect a mostly quiet calendar through the end of the year, though a couple large issuers could come to market before year end. Business management platform ServiceTitan (TTAN) is reportedly planning to list in December. Natural gas producer Infinity Resources (INR), car sharing platform Turo (TURO), and software provider Solera (SLRA) have all recently updated their prospectuses.

Four lock-up periods will be expiring in the week ahead. 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 11/27/2024, the Renaissance IPO Index was up 23.6% year-to-date, while the S&P 500 was up 27.3%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Kenvue (KVUE) and Nu Holdings (NU). The Renaissance International IPO Index was down 10.1% year-to-date, while the ACWX was up 7.7%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Amman Mineral Internasional and Galderma.