The IPO market is expected to take a break during the shortened Thanksgiving week, with just one IPO on the calendar for the coming week. However, there is still a possibility that a handful of SPACs will price during the week. Though the market may get some respite launches and pricings, we will be on the lookout for filings during the holiday week as companies gear up to go public before the end of the year.
Holdover Austin Gold (AUST) plans to raise $15 million at a $64 million market cap. This Canadian gold exploration company currently has interests in four properties located in the state of Nevada, with just one property that it considers material at this time. Austin Gold has not generated any operating revenues to date.
| U.S. IPO Calendar | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | Price Range Shares Filed | Top Bookrunners |
| Austin Gold (AUST) Vancouver, Canada | $15M $64M | $4 - $6 3,000,000 | Roth Cap. |
| Canadian gold exploration company with four properties in Nevada. | |||
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Street research is expected for 14 companies, and lock-up periods will be expiring for up to seven companies.
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IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 11/19/21, the Renaissance IPO Index was up 5.2% year-to-date, while the S&P 500 was up 25.3%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Uber Technologies (UBER). The Renaissance International IPO Index was down 20.0% year-to-date, while the ACWX was up 9.4%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Meituan-Dianping and SoftBank.
