While there are no IPOs scheduled to price in the shortened holiday week, this summer has been the busiest since 2014, and we expect that rate to continue post-Labor Day. 77 US IPOs are publicly on file as of August 30, including 45 that have kept their filings current. We estimate that 70-90 more US IPOs could raise over $20 billion by year end. Stay tuned for our Fall Preview coming out Tuesday with more estimates ( IPO Pro only).
There are currently two Chinese companies scheduled for mid-September IPOs (NIO and 111), and we expect a number of deals to join them in the calendar this week. Potential launches include Farfetch ( FTCH ), Qutoutiao ( QTT ), CooTek ( CTK ), Zekelman Industries (ZEK) and Eventbrite (EB).
Quiet periods for four recent IPOs are set to expire this coming week. Street research is expected on Tuesday for union-owned New York bank Amalgamated Bank (AMAL), California bank Pacific City Financial (PCB), regional contract airline Mesa Air Group (MESA) and antibody therapy biotech Vaccinex (VCNX).
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. The Renaissance IPO Index is up 20.6% year-to-date, while the S&P 500 is up 21.6%. Renaissance Capital's IPO ETF ( IPO ) tracks the index, and top ETF holdings include Spotify (SPOT) and Athene (ATH). The Renaissance International IPO Index is up 1.4% year-to-date, while the ACWX is up 5.0%. Renaissance Capital's International IPO ETF ( IPOS ) tracks the index, and top ETF holdings include Delivery Hero and Siemens Healthineers .
The article US IPO Week Ahead: The calm before the Fall 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.