US IPO Market Slowly Climbs to a Two-Year High IPO activity hit a two-year high in the second quarter of 2024 but still came in below expectations, with 39 IPOs raising a combined $8.9 billion as...read more
Ten IPOs raised a combined $995 million in May, trailing the 10-year historical average (16 IPOs, $4.9B). May IPO activity declined from last month, which is not unusual based on historical trends, though in this case likely due to market turbulence in April. We...read more
Four IPOs and one SPAC debuted this past week. Two IPOs and one SPAC submitted initial filings. Chinese premium EV brand ZEEKR (ZK) priced its upsized IPO at the top of the range to raise $441 million at a $5.2 billion market cap. Originally...read more
ZEEKR Intelligent Technology Holding, a premium electric vehicle brand spun out of Chinese automaker Geely, raised $441 million by offering 21 million ADSs at $21, the high end of the range of $18 to $21. The company offered 3.5 million more ADSs than...read more
Updated: Renaissance Capital's 2Q 2024 US IPO Market Review
US IPO Market Slowly Climbs to a Two-Year High IPO activity hit a two-year high in the second quarter of 2024 but still came in below expectations, with 39 IPOs raising a combined $8.9 billion as...read more
Renaissance Capital's May IPO Market Update
Ten IPOs raised a combined $995 million in May, trailing the 10-year historical average (16 IPOs, $4.9B). May IPO activity declined from last month, which is not unusual based on historical trends, though in this case likely due to market turbulence in April. We...read more
US IPO Weekly Recap: Chinese EV brand gains 35% to lead 4 IPO week
Four IPOs and one SPAC debuted this past week. Two IPOs and one SPAC submitted initial filings. Chinese premium EV brand ZEEKR (ZK) priced its upsized IPO at the top of the range to raise $441 million at a $5.2 billion market cap. Originally...read more
Chinese premium EV brand ZEEKR prices upsized US IPO at $21, the high end of the range
ZEEKR Intelligent Technology Holding, a premium electric vehicle brand spun out of Chinese automaker Geely, raised $441 million by offering 21 million ADSs at $21, the high end of the range of $18 to $21. The company offered 3.5 million more ADSs than...read more