US IPO Week Ahead: The quiet before the post-Labor Day IPO storm
There are no IPOs scheduled for the week ahead, though a few SPACs may join the IPO calendar. New filings should continue to pour in as well.
While the calendar is quiet for the time being, a wave of filings this past week indicates that activity is set to explode following Labor Day. The list of companies set to launch in the second week of September contains a slew of high-profile names, including several that will vie to be the first Silicon Valley tech IPO of 2020.
|High-Profile Companies Set for Post-Labor Day Launches|
|Asana (SANA.RC)||Direct Listing||Technology||08/24|
|Provides enterprise task management and collaboration software.|
|Palantir (PLTR)||Direct Listing||Technology||08/25|
|Data analytics platform focused on the government and financial sectors.|
|Provides cloud-based SQL database software and warehousing.|
|Unity Software (U)||$1,000M||Technology||08/24|
|Provides a real-time 3D video game development platform.|
|Bentley Systems (BSY)||$800M||Technology||08/21|
|Provides software for construction and infrastructure projects.|
|Operates a prescription drug price comparison platform.|
|Pactiv Evergreen (PTVE)||$750M||Materials||08/24|
|The largest manufacturer of fresh food and beverage packaging in North America.|
|Amwell (AMWL)||$100M||Health Care||08/24|
|Provides a telehealth platform for insurers and patients.|
|Corsair Gaming (CRSR)||$100M||Technology||08/21|
|Designs and supplies personal computer and gaming hardware components.|
|Sells software tools that streamline app development.|
|Sumo Logic (SUMO)||$100M||Technology||08/24|
|Provides on-demand cloud log management solutions to enterprises.|
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Street research is expected for eight companies, and lock-up periods will be expiring for two companies. For access to Street research and lock-up period 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 8/27/20, the Renaissance IPO Index was up 52.4% year-to-date, while the S&P 500 was up 7.7%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was up 37.9% year-to-date, while the ACWX was down 3.1%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Xiaomi and Meituan-Dianping.The article US IPO Week Ahead: The quiet before the post-Labor Day IPO storm 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.
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