Renaissance IPO ETF (IPO)
| Assets | $153.46M |
| Expense Ratio | 0.60% |
| PE Ratio | 17.89 |
| Shares Out | 3.50M |
| Dividend (ttm) | $0.05 |
| Dividend Yield | 0.12% |
| Ex-Dividend Date | Dec 13, 2024 |
| Payout Ratio | 2.10% |
| 1-Year Return | +17.74% |
| Volume | 41,213 |
| Open | 43.26 |
| Previous Close | 43.68 |
| Day's Range | 43.26 - 44.87 |
| 52-Week Low | 33.76 |
| 52-Week High | 47.99 |
| Beta | 1.25 |
| Holdings | 33 |
| Inception Date | Oct 14, 2013 |
About IPO
Fund Home PageThe Renaissance IPO ETF (IPO) is an exchange-traded fund that is based on the FTSE Renaissance IPO index. The fund tracks a market cap-weighted index of recent US-listed IPOs. The fund acquires issues within three years of an IPO and sells after the three year period. IPO was launched on Oct 14, 2013 and is issued by Renaissance.
Top 10 Holdings
63.47% of assets| Name | Symbol | Weight |
|---|---|---|
| Kenvue Inc. | KVUE | 9.15% |
| Arm Holdings plc | ARM | 8.88% |
| Rivian Automotive, Inc. | RIVN | 7.41% |
| Nu Holdings Ltd. | NU | 6.94% |
| CAVA Group, Inc. | CAVA | 6.09% |
| Joint Stock Company Kaspi.kz | KSPI | 6.01% |
| Corebridge Financial, Inc. | CRBG | 5.73% |
| Maplebear Inc. | CART | 4.99% |
| GitLab Inc. | GTLB | 4.55% |
| TPG Inc. | TPG | 3.71% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 13, 2024 | $0.035 | n/a |
| Sep 13, 2024 | $0.009 | Sep 20, 2024 |
| Jun 14, 2024 | $0.008 | Jun 21, 2024 |
| Mar 20, 2020 | $0.066 | Mar 27, 2020 |
| Dec 13, 2019 | $0.064 | Dec 20, 2019 |
| Jun 14, 2019 | $0.019 | Jun 21, 2019 |
News
IPO: Favorable Capital Markets In 2025 Not Yet A Tailwind (Rating Downgrade)
The IPO market has been sluggish for almost three years due to elevated global yields and macroeconomic uncertainties, despite a peak in early 2021. I am downgrading the Renaissance IPO ETF from a buy...
IPO ETF: Hard To Know Where It Fits
Renaissance IPO ETF provides exposure to new US IPOs without the hassle of being a first buyer. The portfolio includes companies like Kenvue, Nu Holdings, Coinbase, Arm Holdings, and AppLovin. Sector ...
IPO Trends to Keep in Focus
From my seat, there's not a lot different yet in the IPO industry, notes Chase Anderson. He discusses IPO trends to keep in focus.
Startup valuations' impact on IPOs
CNBC's Deirdre Bosa joins 'Power Lunch' to discuss tech's IPO outlook.
IPO Activity Slow To Recover
The talk of the day is the debut of Reddit (RDDT) on public markets. The stock priced at the top of its expected range, and at the intraday highs traded 70% above the IPO price of $34.
U.S. IPO Weekly Recap: 2024 IPO Market Starts Off With $2B Additions To The Pipeline
While the calendar was quiet this past week, six IPOs joined the pipeline, two of which we estimate could raise $1 billion or more. Three biotechs filed to raise $100 million.
Reddit, Shein and Stripe may lead a revived IPO market in 2024
The U.S. market for initial public offerings is expected to stage a recovery in 2024 from the drought of the last two years, buoyed by expectations the Federal Reserve will switch to a rate-cutting cy...
Avista Health plans direct listing IPO on the Nasdaq in Q1
Avista Health, an Orange, Calif., Medicare Advantage prescription drug plan provider based in Orange, Calif., said it plans to register its common stock for trading on Nasdaq in an initial public offe...
General Atlantic confidentially files for U.S. initial public offering: Bloomberg
General Atlantic, the 43-year-old private-equity firm that invested in Meta Platforms Inc. META, -2.31% and many other blockbuster companies before they went public, has filed a confidential initial p...
US IPO Weekly Recap: IPO Pipeline Adds Another Sizable Name Amid More Small Listings
One small IPO priced this week, along with one SPAC that began trading. Three IPOs and four SPACs joined the pipeline. Offshore transport services provider Hornbeck Offshore Services filed to raise $1...
IPO Offers Very Few Advantages To Investors
Renaissance IPO ETF primarily invests in recently IPO'ed companies, but its value proposition may be questionable, as investors can easily buy individual IPO stocks that they like. The fund focuses on...
Key Mining files for IPO with plans to list on Nasdaq
Key Mining, an exploration-stage miner focused on two projects in Chile, filed for an initial public offering on Tuesday, with plans to list on Nasdaq under the ticker “KMCM.” Titan Partners Group is ...
U.S. IPO Weekly Recap: Biotech Lexeo Stumbles After $100 Million IPO
Two IPOs are currently scheduled for the week ahead, although some small issuers may join the calendar late. As of 11/2/2023, the Renaissance IPO Index was up 23.5% year-to-date, while the S&P 500 was...
Israeli communications headset maker Silynxcom files for New York IPO
Silynxcom Ltd., an Israeli maker of headsets for military, law enforcement, and homeland security agencies, filed for an initial public offering on Friday with plans to list on the New York Stock Exch...
Water treatment company Shimmick to offer 4.55 million shares in IPO priced at $10 to $12 each
Shimmick Corp. SHIM, , a water treatment company, set terms for its initial public offering on Tuesday with plans to offer 4.55 million shares, priced at $10 to $12 each. The company would raise $54.6...
Navan CEO Ariel Cohen talks partnering with Citi
Ariel Cohen, Navan CEO, joins 'Closing Bell Overtime' to talk partnering with Citi, a possible IPO and more.
IPO market: Companies not finding interest they hoped for, analyst says
"Recent IPO debuts from companies such as Instacart (CART), Arm Holdings (ARM), and Birkenstock (BIRK), have not delivered the performance many investors hoped for. University of Florida Professor Jay...
Luxury skiwear company Perfect Moment files for IPO with plans to list on Nasdaq
Perfect Moment Ltd., a U.K.-based maker of luxury skiwear, outerwear and swimwear, filed for an initial public offering early Tuesday, with plans to list on Nasdaq under the ticker “PMNT.
Bessemer's Byron Deeter talks movement in the IPO market
Byron Deeter, Bessemer Venture Partners Partner, joins 'Closing Bell Overtime' to talk the IPO market, Birkenstock's recent valuation announcement and more.
Weak companies are going public: Slow Ventures' Sam Lessin
Sam Lessin, Slow Ventures co-founder, joins 'The Exchange' to discuss late-stage capital funds competing with the public market, lack of investor trust in the IPO market, and a splintering in the mark...
IPOs Could Screech to a Halt in a Shutdown
The SEC says it will suspend its processing of IPO registrations if Congress can't pass an appropriations bill by September's end.
Wearable display product maker Six15 Technologies to offer 2 million shares in IPO priced at $5 each
Six15 Technologies Holding Corp., a maker of wearable display technology products, set terms for its initial public offering on Wednesday, with plans to offer 2 million shares priced at $5 each. The c...
JPMorgan's Jennifer Nason: It's a completely new world order for IPOs
Jennifer Nason, JPMorgan global chairman of investment banking, joins 'Closing Bell Overtime' to talk the IPO market, how to play recent IPOs and more.
Wouldn't worry too much about the first few days of trading in recent IPOs: Ben Lerer
Ben Lerer, Lerer Hippeau managing director, joins 'Squawk on the Street' to discuss the recent spate of initial public offerings, whether there's a reason recent IPOs have stumbled after first-day pop...
IPO market shows fatigue as trio of big tech deals languish in second week of trading
The initial public offering market was again showing signs of fatigue on Monday, with the three big tech deals that priced last week falling again in early trading, with one dipping beneath its offeri...