IPO - Renaissance IPO ETF
| Previous Close | 34.73 |
| Open | 34.70 |
| Bid | 0.00 x 1200 |
| Ask | 34.78 x 1200 |
| Day's Range | 34.60 - 34.82 |
| 52 Week Range | 27.35 - 34.92 |
| Volume | 8,269 |
| Avg. Volume | 20,708 |
| Net Assets | 40.91M |
| NAV | 34.67 |
| PE Ratio (TTM) | N/A |
| Yield | 0.25% |
| YTD Daily Total Return | 11.29% |
| Beta (5Y Monthly) | 1.18 |
| Expense Ratio (net) | 0.60% |
| Inception Date | 2013-10-16 |
- ETF Trends
No Love For The Casper Sleep IPO
Investors ran from the Casper Sleep Inc IPO, as shares fell 18% Friday, on their second day of trading as a public company, driving the stock below its IPO issue price of $12. 8.4 million shares were sold by Casper Sleep to raise $101 million. Investors had demonstrated worries that the company is loss-making, with its IPO prospectus showing a net loss of $67.4 million in the first nine months of 2019, larger than the $65.5 million loss posted in the year-earlier period.
ETF TrendsUber Has Analysts Excited And This IPO Could Be One Way To Play It
Uber Technologies Inc. made a strong showing with its latest earnings report, and now at least one analyst believes the company is worthy of entering the arena of Facebook, Amazon, Netflix, and Google. RBC Capital Markets analyst Mark Mahaney was emphatic in his belief that FANGU was perhaps a better acronym for the group of massive internet enterprises that wield the traditional FANG moniker. Adding Uber to the group, as the ride-hailing giant attempts brandish its massive scale while working toward profitability.
- Yahoo Finance
How direct listings could 'transform' the market
For a select group of unicorns, the traditional IPO track is not as desirable as a direct listing.
- ETF Trends
This Unicorn Rebound Lifts The IPO ETF
Last year, many of the most widely anticipated initial public offerings (IPOs), Lyft (NASDAQ: LFYT) and Uber (NYSE: UBER) chief among them – proved to be duds as investors lost patience for growing, but ...
- Zacks
After a Stellar 2019, What Awaits Global IPO ETFs in 2020?
Global IPO activity had a pretty decent year in 2019 and is expected to remain busy in 2020.
- Yahoo Finance
'Companies that stay private too long may not have the best exit strategy': IPO expert
Companies that stay private too long may not have a good exit strategy, says Renaissance Capital's chairman.
- ETF Trends
Can Investor Confidence in IPOs Rebound in 2020?
Initial public offerings (IPOs) like Uber and Lyft may have had investors wishing they never took those rides in 2019, but what could be in store for 2020? “This was not quite the banner year for tech ...
- ETF Trends
Non-Household Names Topped the List of IPO Winners in 2019
Karuna Therapeutics, NextCure, and Cortexyme aren’t household names when it comes to investors looking at initial public offerings (IPOs), but they’ve been generating big-time returns for investors who didn’t buy into the hype of more familiar names like Uber or Lyft. “The long-awaited debuts of mega unicorns Uber and Lyft were mega busts, capped off by WeWork’s kamikaze IPO attempt in September,” said Kathleen Smith, principal at Renaissance Capital.
- ETF Trends
Despite Lyft, Uber Struggles, IPO ETF Performed Well in 2019
With just a few days left in 2019, it's fair to say some of this year's most ballyhooed initial public offerings, such as Lyft (LYFT) and Uber (UBER), disappointed investors. It's also fair to say the Renaissance IPO ETF (IPO) has been anything but disappointing as that ETF is higher by almost 34% as of Dec. 24. IPO tracks the rules-based Renaissance IPO Index, which adds sizeable new companies on a fast entry basis and the rest upon scheduled quarterly reviews.
- Yahoo Finance
Fewer Chinese companies IPO in the US in 2019
Compared to last year’s blockbuster number of 35 deals and proceeds of $9 billion, 25 Chinese companies listed in the U.S. in 2019, raising a total of $3.5 billion, according to data compiled by Renaissance Capital.
- ETF Trends
Can Lyft’s Rental Service Compete with Its Peers?
Lyft is opening up to other pathways to profitability and one space could be car rentals. The ridesharing company said it would be offering a car rental service that will allow consumers to rent a car without having to visit an actual brick-and-mortar rental service location. Choose free add-ons like ski racks, car seats, and tire chains.
- ETF Trends
A Trio of IPOs That Have More Than Doubled This Year
Initial public offerings (IPOs) have been akin to a “white elephant” Christmas gift in an investor’s portfolio—something they’d like to give away, but some IPOs have been the gifts that keep on giving as in the case of three specific companies—Beyond Meat, Zoom Video and Palomar Holdings. With names like ridesharing companies Uber and Lyft as examples of IPOs that are trading below their initial price offerings, it’s difficult for investors to fathom capital allocations to more startups-turned public companies. “An IPO is no longer a hot ticket,” wrote Rick Munarriz in Motley Fool.
- ETF Database
WeWork Bonds Stumble to New Lows After Review
It seems like startup WeWork can’t catch a break as corporate bonds of the commercial real estate company continue to plunge following an assessment of its financial health. WeWork is scrambling to re-instill investor confidence following a $10 million bailout.
- ETF Trends
WeWork Bonds Stumble to New Lows After Financial Health Review
It seems like startup WeWork can’t catch a break as corporate bonds of the commercial real estate company continue to plunge following an assessment of its financial health. The core business of WeWork centers around renting out work spaces to start-ups and other businesses. “The company’s bonds briefly punched above 91 cents on the dollar on Oct. 14 amid optimism about a planned multibillion-dollar rescue of the platform, but sank in trading the next day as bankers circulated a rescue proposal that would have added more debt to the company,” the MarketWatch report noted.
- ETF Trends
An IPO to Consider as Uber Eyes Profitability in 2021
The path to profitability will be a two-year trek for ridesharing company Uber as CEO Dara Khosrowshahi said the hope is for the company to churn a EBITDA profit by the year 2021. In the meantime, investors ...
- MoneyShow
The Best Way to Play IPOs
I'd hate to be a startup CEO going into the market to raise money these days, mostly because investors are pulling back on just how much they'll pony up, asserts Ian Wyatt, editor of Million Dollar Portfolio.
- ETF Trends
Lyft Shares Ride Higher on Earlier-Than-Expected Profit Forecast
Lyft shares got a lift from an earlier-than-expected profit forecast after startup co-founders Logan Green and John Zimmer said the ridesharing company could churn a profit by the year 2021. Shares of Lyft jumped as high as 8% in Tuesday’s trading session. Lyft made its IPO debut back in March, but with no clear path to profit, shares of the company stumbled.
- Zacks
Is the IPO Party Over? ETFs in Focus
We take a look at the IPO landscape and ETFs that provide a safer way to invest in in newly public companies.
- ETF Trends
IPO’s Could Face Headwinds As Lock-Up Period Ends
While IPO's have been a mixed bag this year, with huge winners like Beyond Meat, and more recent disappointments like Peloton, one new development that could affect the market is that lock-up periods are expiring for this year’s IPO class, which analysts say could introduce a new layer of pressure for immature companies. Lock-up periods, which prevent insiders who acquired shares of a company's stock before it went public from selling the stock for a stated period of time after it goes public, typically range from 90 to 180 days after the date of the IPO. “As lock-ups expire, some of that shortage of supply goes away,” said Nick Colas, co-founder of DataTrek Research.
- ETF Trends
Jim Cramer on IPOs: “Just Say No”
At front and center is the U.S.-China trade war when it comes to the wall of worry for investors, but market expert Jim Cramer says that the number of initial public offerings (IPOs) flooding the capital markets is also posing a tangible risk. With IPOs like Uber, Lyft, WeWork, and most recently, Peloton, not living up to their exorbitant valuations prior to their introductions on the stock market, it’s given Cramer and others something to think about. “Just say no to IPO,” Cramer said on “Squawk on the Street.” “The market can’t handle another IPO.
- ETF Trends
Peloton IPO’s Latest Fall Proves Investors Need to Check out This ETF
Last week, startup company Peloton fell as much as 15% from its initial public offering (IPO) price of $29. The exercise equipment company may be the latest in a string of IPO’s that have stumbled coming out of the gates, but it highlights the need for investors to get more broad exposure to IPOs via the Renaissance IPO ETF (IPO) . Various analysts are already using Peloton as a case-in-point scenario that would detract investors from IPOs.
- ETF Trends
Peloton IPO Begins Trading on Nasdaq at $29 a Share
Luxury fitness company Peloton (PTON) began trading on Nasdaq Thursday at a price range of $29 per share. In exchange for issuing 40 million Class A shares, the company raised $1.16 billion, which values Peloton at $8.1 billion. Peloton is the first company to make cycles and treadmills equipped with screens for users to join live and recorded fitness classes remotely, taking interactive sports to a new level. Peloton's roughly $2,000 high-tech bicycles and $4,000 treadmill enable it to maintain strong margins.
- ETF Trends
2019 Has Been a Record Year Thus Far for IPOs
While the steam may be coming out of an extended bull run in 2019, it's been a white-hot year for initial public offerings, which has been fueling IPO-focused ETFs. In fact, there have been 16 IPOs that have already reached the $10 billion mark, particularly in the cloud computing space. “All the IPOs are on track to get that.
- ETF Database
Could Saudi Aramco’s Attack Be An Issue For Its IPO?
Crude oil is seeing a massive price spike on Monday following drone strikes on a Saudi oil facility at Abqaiq and at a nearby Khurais oil field on Saturday, hamstringing 5.7 million barrels of daily crude production or 50% of the kingdom’s oil output. Saudi Aramco, the national oil company, reportedly is attempting to restore about one-third of its crude output, or 2 million barrels by Monday, amidst plans to release its IPO. However, Bloomberg News reported it could take weeks before Aramco restores the bulk of its production at Abqaiq.
- Investor's Business Daily
IPOs, Solar, Greece Take The Lead Again Among Top Stock Plays
Little change occurred among top stock funds during the past month as the major market indexes rallied back near all-time highs.
