There were no offerings in the week of the Thanksgiving holiday. However, a few large IPOs have joined the pipeline in November along with several other companies updating their financials, indicating that we may see a slight pickup in activity before year end.
While there were no pricings, the pipeline still saw some activity as Global Mofy Metaverse (GMM) filed for a $30 million US IPO. The Chinese company specializes in virtual content production and provides digital marketing services utilizing its proprietary technology platform, which consists of 3D rebuilt technology and AI interactive technology.
| 1 Filing During the Week of November 21st, 2022 | |||
|---|---|---|---|
| Issuer Business | Deal Size | Sector | Lead Underwriter |
| Global Mofy Metaverse (GMM) | $30M | Technology | Maxim |
| Chinese provider of virtual content and digital marketing services. | |||
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.
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 11/23/2022, the Renaissance IPO Index was down 53.7% year-to-date, while the S&P 500 was down 14.3%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Airbnb (ABNB) and Snowflake (SNOW). The Renaissance International IPO Index was down 38.9% year-to-date, while the ACWX was down 15.9%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Kuaishou and EQT.
