Renaissance IPO ETF (IPO)
| Assets | $166.49M |
| Expense Ratio | 0.60% |
| PE Ratio | 35.90 |
| Shares Out | 3.35M |
| Dividend (ttm) | $0.34 |
| Dividend Yield | 0.69% |
| Ex-Dividend Date | Sep 12, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | 24.53% |
| Volume | 17,264 |
| Open | 49.33 |
| Previous Close | 49.23 |
| Day's Range | 49.03 - 49.40 |
| 52-Week Low | 31.20 |
| 52-Week High | 54.68 |
| Beta | 1.35 |
| Holdings | 32 |
| 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
63.60% of assets| Name | Symbol | Weight |
|---|---|---|
| Arm Holdings plc | ARM | 10.25% |
| Reddit, Inc. | RDDT | 8.85% |
| Kenvue Inc. | KVUE | 8.15% |
| Astera Labs, Inc. | ALAB | 7.62% |
| Nextracker Inc. | NXT | 6.83% |
| Viking Holdings Ltd | VIK | 4.98% |
| Rubrik, Inc. | RBRK | 4.82% |
| Tempus AI, Inc. | TEM | 4.25% |
| Circle Internet Group, Inc. | CRCL | 4.05% |
| Joint Stock Company Kaspi.kz | KSPI | 3.80% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 12, 2025 | $0.1758 | Sep 19, 2025 |
| Jun 13, 2025 | $0.05347 | Jun 20, 2025 |
| Mar 14, 2025 | $0.07244 | Mar 21, 2025 |
| Dec 13, 2024 | $0.0347 | Dec 20, 2024 |
| Sep 13, 2024 | $0.0088 | Sep 20, 2024 |
| Jun 14, 2024 | $0.0077 | Jun 21, 2024 |
Performance
IPO had a total return of 11.64% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.22%.
News
US IPO Weekly Recap: 5 Small IPOs Debut, As Government Shutdown Drags On
Five small IPOs debuted and four SPACs listed this week as the government shutdown continues to complicate listings. Two sizable IPOs are scheduled for the week ahead, both of which launched after the...
Positive Momentum Continues to Build for IPO ETFs
Figma, Circle, and CoreWeave are just a few names to remind investors that the initial public offering (IPO) market is alive and kicking despite the market challenges in 2025. This opens the door into...
IPO: How New IPOs Are Shaping The Renaissance ETF Performance
Renaissance IPO ETF (IPO) offers exposure to IPOs like Reddit, Klarna, and Cava Group, but lacks compelling long-term advantages against benchmarks. IPO's diversification reduces risk from bad IPOs bu...
IPO pipeline: Here's what's ahead
Dan Primack, Axios business editor, joins 'The Exchange' to discuss Klarna nearing IPO as the IPO market sees a post-Labor Day push.
BLSH Stock: Is Bullish a Good Investment? An IPO ETF Offers a Clue
Bullish (BLSH) just hit the market amid crypto buzz. To size up its near-term path, we map BLSH against the Renaissance IPO ETF (IPO)—a proxy for how fresh listings trade.
IPO performance vs. S&P 500 since April market low?
The Renaissance Capital IPO ETF has returned roughly 50% since the April 8 low for the stock market. AI and crypto offerings have led the way, and that should continue.
ETF Edge: IPO market resurgence, crypto funds and record July inflows
NovaDius's Wealth Management president Nate Geraci and Renaissance Capital senior strategist Matt Kennedy sat down with Leslie Picker to discuss the expected rebound of the IPO market this fall, parti...
Long-awaited IPO market is slated to return in the fall, says Renaissance Capital's Matthew Kennedy
Matthew Kennedy, Renaissance Capital senior strategist, joins CNBC's Leslie Picker on CNBC's ‘Halftime Report” to discuss the IPO pipeline in the fall, what's behind the appetite return and the IPO ET...
The majority of mega cap private companies will go public, says Morgan Stanley's Colin Stewart
Colin Stewart, Morgan Stanley vice chairman of global tech M&A and capital markets, joins 'Money Movers' to discuss the IPO market heating up in 2025.
Investment Banks Expect IPOs to Pick Up in Second Half
Investment banks Evercore and Stifel Financial reportedly expect initial public offerings (IPOs) to pick up in the second half.
U.S. IPO Weekly Recap: Sizable Precision Medicine And Insurance IPOs Raise A Combined $902 Million
A handful of IPOs and blank checks priced in the short holiday week, led by two sizable issuers. Two smaller IPOs also priced this past week. One IPO is currently scheduled to list in the week ahead, ...
IPO: Upgrading To Buy As The IPO Window Cracks Open
The US IPO market is showing renewed strength, with recent successful tech IPOs like CoreWeave and Circle sparking optimism. I am upgrading the Renaissance IPO ETF to a buy, as bullish sentiment retur...
Space IPOs are trickling back. What that could mean for Elon Musk's Starlink.
IPO chatter is again swirling around Elon Musk's SpaceX and the rocket maker's Starlink satellite-internet constellation, but Musk seems in no rush to take either public.
Venture Capitalist Bradley Tusk talks what is coming down the IPO pipeline
Bradley Tusk, Tusk Ventures, joins 'Closing Bell Overtime' to talk big names set to go public soon.
Why the IPO pipeline is 'totally clogged'
Artificial intelligence (AI) and software dominated venture capital deals in the first quarter of 2025, according to data from KPMG Private Enterprise. Kapital Ventures managing partner Kamran Ansari ...
IPO market: 2025 and 2026 are 'going to be hot,' says Connor Group partner
As a slew of companies are set to go public this week, Connor Group Managing Partner Jim Neesen joins Morning Brief anchors Seana Smith and Brad Smith to discuss the current state of the IPO market. N...
Selected ETFs To Watch In 2025
Following on last week's top 10 list, this week's blog focuses on ETFs related to the stocks in the list. For this week, we then screened for ETFs that contained each stock that were also rated 5 (Str...
General Atlantic CEO Bill Ford: Expect a real renaissance in the IPO market
General Atlantic CEO Bill Ford joins 'Squawk Box' to discuss state of the private equity landscape, IPO market and M&A outlook, future of AI, impact of tariffs, fate of TikTok, and more.
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...
Firstmark's Rick Heitzmann gives the pulse on IPOs
Rick Heitzmann, Firstmark Capital, joins 'Closing Bell' to discuss IPOs as markets await Instacart to go public.
IPO market braces for first tech unicorns in nearly two years
The initial public offering market, fresh off its biggest transaction of the year, is expected to welcome five deals this week, including two venture capital-backed companies that will be the first te...
Arm deal is expected to lift tech IPOs, but not all future debuts will have the same draw
The strong debut of Arm Holdings Plc. is expected to reignite the long-dormant IPO market for tech companies, but not all the current deals in the pipeline will have the same draw for investors.
IPO Buzz Heats Up Ahead Of Arm And Instacart, IPO ETF A Buy
Arm Holdings and Instacart are set to go public, signaling a potential uptick in IPO activity. The IPO market has been lackluster in recent years, but there are signs of recovery. The Renaissance IPO ...
The IPO trade trend now is focused on multiple expansions: Manhattan Venture's Rashaun Williams
Rashaun Williams, Manhattan Venture Partners general partner, joins 'Closing Bell' to discuss efforts to recover strength in the IPO market, Turo's plans to go public, and the trickle-down effects of ...