No IPOs are currently scheduled to price in the week ahead, although a few SPACs may join the calendar during the week.
New issuers continue to delay launching, likely deterred by concerns of inflation, the war in Ukraine, and poor IPO returns in recent months. Large deals waiting in the pipeline include Bausch Health spin-off Bausch + Lomb( BLCO), mattress retailer Mattress Firm (MFRM), car sharing platform Turo (TURO), and digital ad firm Aleph Group (ALEF).
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 3/17/2022, the Renaissance IPO Index was down 27.3% year-to-date, while the S&P 500 was down 7.1%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Uber Technologies (UBER) and Snowflake (SNOW). The Renaissance International IPO Index was down 23.9% year-to-date, while the ACWX was down 7.1%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Volvo Car Group and Kuaishou.
