Renaissance IPO ETF

IPO

Market cap $144M

First Trust US Equity Opportunities ETF is the largest IPO/spin-off ETF with 101 stocks, eligible in their first 1,000 days after IPO. FPX has significant exposure in technology, industrials, and healthcare, but the sector breakdown may change with IPO flow. FPX has delivered superior long-term and recent returns compared to benchmarks and competitors.

Renaissance IPO ETF (IPO) is rated a buy, anticipating a surge in major IPOs through 2026 to fuel renewed investor interest. IPO's portfolio is heavily growth-oriented, with 94% SMID-cap exposure and a 42% weighting in Information Technology. Despite a high 26.9x P/E, IPO's long-term earnings growth near 32% yields a compelling PEG ratio below 2.

Eric Hippeau, Lerer Hippeau managing partner, joins 'Squawk on the Street' to discuss the massive backlog of IPOs, what he expects in 2026, AI valuations, and more.

CNBC's "The Exchange" team discusses the IPO market, Medline's trading debut and more with Dan Primack, business editor at Axios.

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 government shutdown began. Street research is expected for six companies in the week ahead, and two lock-up periods will be expiring.

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 a room with IPO-focused exchange-traded funds (ETFs) that can provide niche exposure to these up and comers.

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 but also limits upside from standout performers. The ETF outperforms during periods of IPO euphoria, but most IPOs underperform benchmarks over longer holding periods.

IPO activity is rebounding in 2025. Chances of easier Fed policy, a strong stock market, receding trade tensions and AI boom fuel momentum.

Dan Primack, Axios business editor, joins 'The Exchange' to discuss Klarna nearing IPO as the IPO market sees a post-Labor Day push.

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.