Just one company is currently scheduled to list in the week ahead, although other small issuers may join the calendar during the week.
Korean BBQ restaurant chain GEN Restaurant Group (GENK) plans to raise $33 million at a $352 million market cap. GEN's restaurants offer Korean and Korean-American food at 34 locations across California, Arizona, Nevada, Hawaii, Texas, New York, and Florida. Profitable and growing, the company believes its concept could more than 250 locations in the US. GEN’s restaurants are currently concentrated in California, with two-thirds of its locations in the state.
| U.S. IPO Calendar | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | Price Range Shares Filed | Top Bookrunners |
| GEN Restaurant Group (GENK) Cerritos, CA | $33M $352M | $10 - $12 3,000,000 | Roth Cap. |
| Korean BBQ restaurant chain with 34 locations in the US. | |||
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Street research is expected for two companies in the week ahead, and two lock-up periods will be expiring. 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 6/15/2023, the Renaissance IPO Index was up 32.8% year-to-date, while the S&P 500 was up 16.2%. 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 5.5% year-to-date, while the ACWX was up 11.6%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Porsche and Kuaishou.
