Renaissance IPO ETF

IPO

Market cap $141M

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.

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.

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, particularly when it comes to crypto funds, and why 2025 is on pace to be another record year for ETFs.

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 ETF's recent performance.

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.