The fourth quarter started off with a quiet week, as just one SPAC priced and three small issuers submitted initial filings.
Aquaron Acquisition (AQUNU) raised $50 million. Led by CEO and Chair Yi Zhou, co-founding CEO of Ease Consulting and a Partner at Balloch Group, the SPAC plans to target the new energy sector.
| 1 IPO During the Week of October 3rd, 2022 | |||||
|---|---|---|---|---|---|
| Issuer Business | Deal Size | Market Cap at IPO | Price vs. Midpoint | First Day Return | Return at 10/07 |
| Aquaron Acquisition (AQUNU) | $50M | $65M | 0% | +0% | +0% |
| Blank check company targeting the new energy sector. | |||||
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.
| 3 Filings During the Week of October 3rd, 2022 | |||
|---|---|---|---|
| Issuer Business | Deal Size | Sector | Lead Underwriter |
| Fitell (FTEL) | $15M | Consumer Discretionary | Revere Securities |
| Australian provider and retailer of gym and fitness equipment. | |||
| SAG Holdings (SAG) | $15M | Consumer Discretionary | Spartan Capital |
| Singaporean distributor of spare automotive and industrial parts. | |||
| Plutonian Acquisition (PLTOU.RC) | $50M | SPAC | EF Hutton |
| Blank check company targeting metaverse tech, tourism, and e-commerce in the APAC region. | |||
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.
This past week, we updated our 3Q 2022 reviews for the US and global IPO markets, and released our reports on auditor and law firm rankings in the 3Q IPO market.
- 3Q 2022 US IPO Market Review
- 3Q22 IPO Rankings for the Big Four Accounting Firms
- 3Q22 IPO Market's Law Firm Leaderboard
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 10/6/2022, the Renaissance IPO Index was down 47.0% year-to-date, while the S&P 500 was down 20.5%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Airbnb (ABNB). The Renaissance International IPO Index was down 40.9% year-to-date, while the ACWX was down 23.6%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Kuaishou and Nongfu Spring.
