The IPO market is expected to have another quiet week heading into March, with just one SPAC currently scheduled for the week ahead.
Life sciences and sustainability-focused Valuence Merger I (VMCAU) may price, with plans to raise $200 million. The company is led by CEO Sung Yoon Woo, the founder and CEO of South Korean private equity firm Credian Partners.
| U.S. IPO Calendar | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | Price Range Shares Filed | Top Bookrunners |
| Valuence Merger I (VMCAU) Orinda, CA | $200M $250M | $10 20,000,000 | SVB Leerink |
| Blank check company targeting life sciences and sustainability. | |||
Sign up for a free trial of our premium platform, IPO Pro. Follow us on Twitter (@IPOtweet) and register for our updates on the IPO market.
We would normally expect to see launches as the February lull comes to a close, but new issuers are likely now waiting for the past week's market turmoil to settle. While the calendar is quiet for now, the IPO pipeline has plenty of candidates for when the market reopens.
Street research is expected for two companies, and lock-up periods will be expiring for up to four 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 2/24/2022, the Renaissance IPO Index was down 23.2% year-to-date, while the S&P 500 was down 9.8%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Uber Technologies (UBER) and Snowflake (SNOW). The Renaissance International IPO Index was down 19.3% year-to-date, while the ACWX was down 8.2%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Volvo Car Group and Kuaishou.
