---
title: "US IPO Weekly Winners & Losers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/245583780.md"
description: "The long-term IPO outlook is improving, with the Renaissance IPO Index up 0.8% this week, outperforming the S&P 500's -0.2%. Notable IPOs include Caris, which rose 29.8%, and Slide, which increased 37.1%. However, concerns over tariffs, inflation, and geopolitical issues persist. Only one new filing, Kilcoy, was noted this week, with Jefferson Capital scheduled for next week. Reddit's IPO Index rose 17.7%, while Kaspi.kz fell 5.6% after a price target cut by Morgan Stanley."
datetime: "2025-06-22T16:02:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/245583780.md)
  - [en](https://longbridge.com/en/news/245583780.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/245583780.md)
generator: "portal-rs"
---

# US IPO Weekly Winners & Losers

The long-term IPO outlook is getting brighter by the week. However, our July forecast is clouded by a lack of new filings.

The Renaissance IPO Index gained +0.8% this week, beating the S&P 500’s -0.2% loss.

Two larger IPOs just received a warm welcome, as investors continued to embrace new growth stocks. AI-powered cancer diagnostics company Caris (Nasdaq: CAI) priced above the range and finished the week +29.8% above offer. Tech-enabled insurer Slide (Nasdaq: SLDE) priced at the high end and closed Friday up +37.1%, with notably strong trading on day two.

A few storm clouds are on the horizon. Tariff uncertainty drives most of the hand-wringing, but investors are also keeping an eye on inflation and Fed policy, and geopolitical flare-ups in the Middle East.

Those risks explain some of the current IPO trading dynamics. With the end of the 90-day pause in tariffs fast approaching (July 9), if investors have any doubts, they’re happy to take first-day gains. Indeed, several notable IPOs are trading below the first-day close, such as Chime, eToro, and MNTN. Crypto firm Circle is one very notable exception: the new stock is now up **+675%** from its offer price, benefiting this week from Senate legislation on stablecoins.

That July 9 tariff deadline could also explain why we only saw one notable new filing this week, meat producer Kilcoy (Nasdaq: KGF). The next two weeks will give us a clearer picture of the July calendar, though it looks like we may have a tentative start to Q3.

One deal is scheduled for the week ahead, consumer debt collector Jefferson Capital (Nasdaq: JCAP). Owned by JC Flowers, the company buys and then collects on delinquent loans, including those made under buy-now-pay-later programs. It boasts solid return metrics, though peer trading has been weak.

**Reddit** led the IPO Index’s winners this week, up +17.7% on the launch of new AI-powered advertising tools. Kazakhstan-based fintech **Kaspi.kz** slipped -5.6%, with news that Morgan Stanley lowered its price target.

The Renaissance IPO Index returned 0.8% last week vs. -0.2% for the S&P 500.

### Related Stocks

- [IPO.US](https://longbridge.com/en/quote/IPO.US.md)
- [RDDT.US](https://longbridge.com/en/quote/RDDT.US.md)

## Related News & Research

- [Reddit’s U.S. User Decline Raises a Bigger Question After Its Earnings Beat](https://longbridge.com/en/news/294851903.md)
- ["Reddit's Growth Story Is Just Starting," Says KeyBanc Analyst Ahead of Q2 Results](https://longbridge.com/en/news/294239735.md)
- [Reddit Stock Hasn't Missed an EPS Estimate in Two Years — Will Q2 Break the Streak?](https://longbridge.com/en/news/293467752.md)
- [Reddit Reports Second Quarter 2026 Results | RDDT Stock News](https://longbridge.com/en/news/294409036.md)
- [Reddit is testing a new way to watch — and listen to — its viral posts](https://longbridge.com/en/news/294529964.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**