Just one IPO is scheduled to go public in the shortened holiday week.
OTC-listed Cerberus Cyber Sentinel (CISO) plans to raise $10 million at a $631 million market cap. The company provides a range of cybersecurity consulting and related services, including Secured Managed Services and Compliance Services, among others. Cerberus Cyber Sentinel has delivered explosive growth, but it is unprofitable with negative cash flow.
| U.S. IPO Calendar | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | Price Range Shares Filed | Top Bookrunners |
| Cerberus Cyber Sentinel (CISO) Scottsdale, AZ | $10M $631M | $5 2,000,000 | Boustead |
| Provides tailored security solutions through consulting and related services. | |||
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As of now, the week’s sole deal is expected to cap off a historic year for the IPO market. Renaissance Capital recently released its Annual Reviews for the US IPO market, exploring the year’s record-breaking activity, best and worst performers, and outlook for 2022.
Street research is expected for one company, and lock-up periods will be expiring for up to 19 companies. 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 12/16/21, the Renaissance IPO Index was down 14% year-to-date, while the S&P 500 was up 24%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Moderna (MRNA). The Renaissance International IPO Index was down 29% year-to-date, while the ACWX was up 6%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Meituan-Dianping and SoftBank.
