No IPOs are scheduled for the week ahead, as the IPO market goes on holiday. Based on this past week's filings, we're in for a busy July after that.
Last week, Renaissance Capital published its 2Q 2019 US Quarterly Review . 62 companies went public during the quarter, a four-year high, raising $25 billion, a five-year high. That brought the 2019 year-to-date total up to 80 IPOs raising almost $30 billion , excluding Slack.
Street research is expected this week for two recent IPOs, GSX Techedu ( GSX ) on Monday and Revolve Group ( RVLV ) on Tuesday. Renaissance Capital offers Pre-IPO Research on each IPO prior to pricing.
We may see a few new filings. Last year, two companies submitted initial filings during the July 4th week, and three companies filed this week in 2017.
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 6/27/19, the Renaissance IPO Index was up 35.6% year-to-date, while the S&P 500 had a gain of 17.9%. Renaissance Capital's IPO ETF ( IPO ) tracks the index, and top ETF holdings include Elanco ( ELAN ) and VICI Properties (VICI). The Renaissance International IPO Index was up 13.3% year-to-date, while the ACWX was up 13.6%. Renaissance Capital's International IPO ETF ( IPOS ) tracks the index, and top ETF holdings include SoftBank and Xiaomi.
This past week, Renaissance Capital announced in a press release that options contracts are now available on the IPO ETF.
The article US IPO Week Ahead: IPO calendar is free and clear for the Fourth of July
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.