No deals priced this week as the US IPO market remained on pause following the Fourth of July holiday, but will pick up next week with 10 deals on the calendar.
4 Filings During the Week of July 9th, 2018
Issuer
BusinessDeal
SizeSector
Lead
Underwriter
Mesa Air Group (MESA)
$150M
Industrials
Raymond James
Regional air carrier with fleet of 145 aircraft.
Urovant Sciences (UROV)
$150M
Health Care
JP Morgan
Clinical-stage biotech developing oral therapies for OAB
CNFinance Holdings (CNF.RC)
$200M
Financials
JP Morgan
Provider of home equity loans in China.
Vaccinex (VCNX)
$46M
Health Care
Oppenheimer
Developing antibody therapies to combat cancer and neurological diseases.
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IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. The Renaissance IPO Index is up 10.1% year-to-date, while the S&P 500 is up 5.8%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Spotify (SPOT) and SNAP (SNAP). The Renaissance International IPO Index is down -3.9% year-to-date, while the ACWX is down -3.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Delivery Hero and Siemens Healthineers.
