IPO - Renaissance IPO ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
27.93
-0.63 (-2.21%)
At close: 4:00PM EDT
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Previous Close28.56
Open28.44
Bid25.94 x 800
Ask28.95 x 900
Day's Range27.51 - 28.44
52 Week Range21.63 - 33.60
Volume10,918
Avg. Volume46,855
Net Assets42.32M
NAV27.97
PE Ratio (TTM)N/A
Yield0.07%
YTD Daily Total Return22.24%
Beta (3Y Monthly)1.19
Expense Ratio (net)0.60%
Inception Date2013-10-16
Trade prices are not sourced from all markets
  • Is the IPO Party Over? ETFs in Focus
    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.

  • IPO’s Could Face Headwinds As Lock-Up Period Ends
    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.

  • Could Saudi Aramco’s Attack Be An Issue For Its IPO?
    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.

  • IPOs, Solar, Greece Take The Lead Again Among Top Stock Plays
    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.

  • ETF Trends

    WeWork IPO Shouldn’t Dissuade Investors From This ETF

    Exchange-traded fund (ETF) investors looking to jump head first into funds that focus on initial public offerings shouldn’t be dissuaded by the recent devaluation of real estate company WeWork. For seasoned real estate investors, WeWork is something they’re advising others to approach with due diligence. “Every single company in this space has gone broke,” he said, pointing to WeWork’s IPO disclosure last month of net losses of more than $900 million for the first six months of 2019 on revenue of $1.54 billion.

  • ETF Trends

    Slack Stock Slacks Off After Earnings Release

    Slack's sales growth has been stagnating, a trend which it expects to continue. The company attributes the lower growth percentage to lengthy service outages. Slack said that its results were damaged by $8.2 million of credits from the service disruptions during the quarter.

  • ETF Trends

    Health Startup Folds, But IPO Sector Still a Good Bet

    The past year has seen a plethora of activity in the startup sector—some good and some bad—health care startup Ubiome certainly speaks to the latter. The company folded by filing for bankruptcy after only five months following an FBI raid, but startup investors shouldn’t fret as the initial public offering (IPO) market can still be a good bet. The core business of Ubiome surrounded gut-health tests, but investors got punched in the stomach after it filed for Chapter 11 bankruptcy recently.

  • MarketWatch

    Satsuma Pharmaceuticals sets IPO terms to raise up to $80 million

    Satsuma Pharmaceuticals Inc. has set terms for its initial public offering, to raise up to $80 million and value the biopharmaceutical company, which is developing migraine treatments, at about $257.7 million. San Francisco-based Satsuma is offering 5 million shares in the IPO, which is expected to price between $14 and $16 a share. The company has applied to have its stock listed on the Nasdaq under the ticker symbol "STSA." Credit Suisse, SVB Leerink and Evercore are the lead underwriters. If the underwriters exercise all the options granted to buy up to an additional 750,000 shares, Satsuma could raise up to $92 million. Satsuma said certain investors affiliated with the company's directors have indicated interest in buying $25 million worth of shares in the IPO. The company recorded a net loss of $7.3 million in 2018 after a loss of $5.2 million in 2017, operating expenses that rose to $7.5 million from $4.9 million and recorded no revenue. Satsuma is looking to go public at a time the Renaissance IPO ETF has gained 4.4% over the past three months and the S&P 500 has tacked on 6.6%.

  • Hot Stocks Propel IPO, Solar Plays Well Ahead Of The Market
    Investor's Business Daily

    Hot Stocks Propel IPO, Solar Plays Well Ahead Of The Market

    What do IPOs, solar and Greece have in common? ETFs tracking hot stocks in those areas were among the best-performing ETFs during the past month.

  • MarketWatch

    Cloudflare files to be next publicly traded cybersecurity company

    Cybersecurity company Cloudflare Inc. announced it plans to go public, according to a Securities and Exchange Commission filing Thursday. The company plans on raising $100 million but that number is usually used as a placeholder and is subject to revision. The San Francisco-based company said its service blocks 44 billion cyber threats from 20 million internet properties daily. In 2018, Cloudflare reported a loss of $86.1 million on revenue of $192.7 million, compared with a $10.7 million loss on revenue of $134.9 million in 2017. Cloudflare plans to list under the ticker "NET" on the New York Stock Exchange. Goldman Sachs, Morgan Stanley and J.P. Morgan are among the underwriters. Earlier in the month, Cloudflare dropped 8chan as a customer, condemning the unmoderated message board as "a receptive audience for domestic terrorists" following recent mass shootings. Cloudflare's IPO would follow 2019's other big cybersecurity IPO CrowdStrike Holdings Inc. , which went public in June. While Crowdstrike shares are trading 176% above their IPO price, the ETFMG Prime Cyber Security ETF is up nearly 12% for the year while the Renaissance IPO ETF is up nearly 30%, compared with a 17% gain in the tech-heavy Nasdaq Composite Index .

  • WeWork 'has to give us a valuation that's reasonable': IPO expert
    Yahoo Finance

    WeWork 'has to give us a valuation that's reasonable': IPO expert

    Kathleen Smith, Renaissance Capital Manager of IPO ETFS, talks to Yahoo Finance’s On The Move about the upcoming WeWork IPO.

  • MarketWatch

    WeWork parent We Co. shares previously confidential IPO filing with public

    WeWork parent the We Co. has publicly filed for an initial public offering of common stock. The provider of shared office spaces said it will offer Class A shares to the public, and that the shares will carry one vote each. The company has not yet provided details on the number of shares it will offer in the IPO, or the expected pricing. It had confidentially filed for an IPO in April, when it was valued at about $47 billion, according to a report in the Wall Street Journal. The company also plans Class B and Class C shares, with 20 votes per share. The lead underwriters of the IPO are J.P. Morgan Securities LLC and Goldman Sachs & Co. LLC. We Co. recorded a net loss of $1.61 billion on revenue of $1.82 billion in 2018, after a loss of $884 million on revenue of $886 million in 2017. The Renaissance IPO ETF has gained 2.7% over the past three months, while the S&P 500 has advanced 3.2%.

  • ETF Trends

    Private Aviation Startup Appears Ready for Liftoff

    Wheels Up, a private aviation start-up, completed a $128 million round of funding that includes a valuation of the company, which is slated to come in at $1.1 billion. This latest funding round could mark an increased interest by investors looking for startup and aviation opportunities in the capital markets. While the trade wars are going on, the private aviation industry is waging a war on its own.

  • Uber Crashes: Time to Buy the Dip With IPO ETFs?
    Zacks

    Uber Crashes: Time to Buy the Dip With IPO ETFs?

    Uber stock slumped after second-quarter earnings and revenue miss. The dip can be used to get into the IPO ETF.

  • Uber Crashes Post Earnings: Time to Buy the Dip With IPO ETF?
    Zacks

    Uber Crashes Post Earnings: Time to Buy the Dip With IPO ETF?

    Uber stock slumped after second-quarter earnings and revenue miss. The dip can be used to get into the IPO ETF.

  • MoneyShow

    Renaissance- An ETF that Eyes IPOs

    Renaissance IPO ETF (IPO) has gained more than 40% so far this year, observes Ian Wyatt, editor of the growth-oriented advisory, Million Dollar Portfolio.

  • Beyond Meat Tanks: Will IPO ETFs Also Struggle?
    Zacks

    Beyond Meat Tanks: Will IPO ETFs Also Struggle?

    The slide in BYND shares was not that bad for the IPO ETFs. This is because the funds have spread out exposure to a number of firms in various sectors.

  • IPO ETF Returns Double the S&P 500 in 1H: What Next?
    Zacks

    IPO ETF Returns Double the S&P 500 in 1H: What Next?

    While the IPO fund offered stellar returns in the first half, the second-half should be great on a host of pending listings.

  • Key thing for WeWork IPO "give us a valuation that's reasonable": Kathleen Smith
    Yahoo Finance Video

    Key thing for WeWork IPO "give us a valuation that's reasonable": Kathleen Smith

    WeWork gets ready for its IPO next month despite losses. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Cheung, Emily McCormick, Kevin Mahn - Hennion & Walsh Asset Management President & Chief Investment Officer and Kathleen Smith of Renaissance Capital discuss.