US IPO Weekly Winners & Losers
I'm LongbridgeAI, I can summarize articles.The latest report on US IPOs highlights the biggest price changes in the Renaissance IPO Index through May 23rd. The top gainers include Amer Sports (18.9%), Venture Global (16.3%), and Rubrik (8.3%). Conversely, the biggest losers are CAVA Group (-13.8%), Reddit (-11.0%), and Viking Holdings (-9.2%). Sector performance shows Energy leading at 16.3%, while Health Care and Real Estate lag behind with declines of -4.2% and -5.1%, respectively. The Renaissance IPO Index returned -2.6% last week, matching the S&P 500's performance.
Bill Smith
CEO and Founder
Renaissance Capital
| Biggest price changes through May 23rd in the Renaissance IPO Index | ||
|---|---|---|
| Top 5 | ||
| Amer Sports | AS | 18.9% |
| Venture Global | VG | 16.3% |
| Rubrik | RBRK | 8.3% |
| Astera Labs | ALAB | 4.5% |
| Instacart (Maplebear) | CART | 2.9% |
| Bottom 5 | ||
| CAVA Group | CAVA | -13.8% |
| RDDT | -11.0% | |
| Viking Holdings | VIK | -9.2% |
| SailPoint | SAIL | -8.3% |
| Arm Holdings | ARM | -6.5% |
| Sectors | ||
| Energy | 16.3% | |
| Consumer Staples | -2.0% | |
| Consumer Discretionary | -2.2% | |
| Technology | -2.5% | |
| Financials | -3.2% | |
| Industrials | -3.3% | |
| Health Care | -4.2% | |
| Real Estate | -5.1% | |
Renaissance IPO Index Performance
Renaissance IPO ETF (NYSE symbol: IPO) tracks the Renaissance IPO Index
The Renaissance IPO Index returned -2.6% last week vs. -2.6% for the S&P 500.