Quantcast

Two companies scheduled to enter the Renaissance IPO ETF (NYSE: IPO)


Shutterstock photo

Two companies qualify for inclusion in the Renaissance IPO ETF ( IPO ) effective Thursday, April 25, 2019.

Pinterest ( PINS ), which operates a digital bookmarking platform for images and products, raised $1.4 billion by offering 75 million shares at $19 on April 17. At pricing, the San Francisco, CA-based company commanded a market value of $10.1 billion.

Zoom Video Communications ( ZM ), which provides a cloud-based video and web conferencing platform, raised $751 million by offering 20.9 million shares at $36 on April 17. At pricing, the San Jose, CA-based company commanded a market value of $9.2 billion.

The Renaissance IPO ETF is designed to provide investors with efficient exposure to a portfolio of U.S.-listed newly public companies ahead of their inclusion in core equity portfolios. By tracking the rules-based Renaissance IPO Index designed by Renaissance Capital research to hold the largest, most liquid newly-listed U.S. IPOs, the Renaissance IPO ETF includes the most economically significant newly public companies. Sizable IPOs are added on a fast entry basis and the rest are added during scheduled quarterly reviews. Companies are removed two years after their initial trade date, when they become seasoned equities.

The article Two companies scheduled to enter the Renaissance IPO ETF ( IPO ) originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: News Headlines , IPOs
Referenced Symbols: IPO , PINS , ZM



More from Renaissance Capital

Subscribe







Renaissance Capital
Contributor:

Renaissance Capital

IPOs












Research Brokers before you trade

Want to trade FX?