Tno IPO is planned for the coming week.
The most likely IPOs of April
Despite the encouraging market recovery last week, the IPO Renaissance volatility index is still around double the five-year average and few companies have applied, indicating that the IPO market slowdown will continue in April.
April IPO could come from grocery giant Albertsons Companies (ACI), which is benefiting from a surge in demand and low interest rates. With successful public beginnings of Keros Therapeutics (KROS) and Zentalis Pharmaceuticals (ZNTL), most likely IPO launches include multiple biotechnologies, such as those focused on oncology Ayala Pharmaceuticals (AYLA) and ORIC Pharmaceuticals (ORIC), ENT biotech Lyra Therapeutics (LYRA) and CNS drug developer NLS Pharmaceuticals (NLSP). The massive capital raisings by biotech venture capital firms also indicate the optimism of space investors.
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A blocking period will expire in the coming week. Tuesday 4/14: Bellring brands (BRBR).
IPO market overview
The Renaissance IPO indices are baskets weighted according to the market capitalization of new public companies. As of 4/8/20, the Renaissance IPO index was down 14.2% since the start of the year, while the S&P 500 was down 14.9%. Renaissance Capital’s IPO ETF (NYSE: IPO) tracks the index, and the main ETF stocks include Uber (UBER) and Spotify (SPOT). The Renaissance International IPO index fell 9.9% since the start of the year, while the ACWX index fell 21.7%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and leading ETF stocks include Meituan-Dianping and Adyen. US IPO Week Ahead: Empty Calendar and Quiet Week for the IPO Market originally appeared on the investment manager IPO Renaissance Capital website renaissancecapital.com.
Disclosure of investments: The information and opinions expressed in this document have been prepared by research analysts at Renaissance Capital and do not constitute an offer to buy or sell securities. Renaissance Capital’s Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS) or separately managed institutional accounts may have investments in the securities of the 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.