No IPOs are currently scheduled to price in the week ahead, although a few SPACs may join the calendar during the week.
While the IPO market has been noticeably quiet, a number of deals are keeping the pipeline active heading into the second quarter. AIG carve-out SAFG Retirement Services (Corebridge) (CRBG) submitted an initial filing this past week, and a handful have recently updated their prospectuses with 2021 financials, including eyecare giant Bausch + Lomb (BLCO).
For detailed analysis of activity during the past quarter and outlook going forward, check out a preview of Renaissance Capital’s 1Q22 US IPO Market Review. Read the full review with a free trial of IPO Pro.
Lock-up periods will be expiring for up to six companies in the week ahead. For access to 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 3/31/2022, the Renaissance IPO Index was down 23.9% year-to-date, while the S&P 500 was down 4.6%. 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 21.9% year-to-date, while the ACWX was down 5.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Volvo Car Group and Kuaishou.
