Renaissance Capital logo

SC News

Renaissance Capital's 1Q 2014 US IPO Quarterly Review

The US IPO market showed more activity than any other first quarter since 2000 as 64 companies raised $10.6 billion. That is more than double the number of IPOs in the first quarter of 2013, a year that also had the most public offerings in over a decade. IPO...read more

GE consumer lending arm Synchrony Financial files for a US IPO that could raise $4 billion

SYF

Synchrony Financial, the US consumer lending arm of conglomerate General Electric, filed on Thursday with the SEC to raise $100 million in an initial public offering, although the deal size is likely just a placeholder. We estimate the company could raise as...read more

US IPO Recap: Care.com tends to a slow-starting IPO market

IPO

Large deals from Santander Consumer USA (SC) and Rice Energy (RICE) posted pedestrian returns last week, while Care.com (CRCM) had the first substantial IPO pop of the year, jumping 43%. The site lifted the year’s average IPO return from 4% to a...read more

Santander Consumer scheduled to enter the Renaissance IPO ETF (IPO)

SC

Santander Consumer (SC), a leading provider of subprime auto loans in the US, raised $1.8 billion by offering 75.0 million shares at a price of $24. At the offer price, Santander Consumer commands a market cap of $8.7 billion., which is large enough to qualify...read more