<div id="readability-page-1"><div> The IPO rebound has felt 'right around the corner' for two years. It'll stay that way for another month.The IPO market has entered a seasonal lull, when companies ready their year-end financials. Next week’s IPO calendar is also empty, but new filings will give us a heads-up on next month. For now, volatile markets have us forecasting only moderate deal flow through mid-March.While rocky trading and postponed offerings have cooled sentiment, we're not worried. Here's why:<ul><li>The year’s sizable IPOs ($50mm+) average a solid return of +15% from the offer price.</li><li>Broader markets have stabilized over the past week, and the IPO Index is down just -3.4% year-to-date — not enough to ring alarm bells.</li><li>The IPO pipeline contains plenty of AI disruptors, as well as companies insulated from AI disruption, particularly in areas like industrials, consumer, and healthcare.</li></ul>There’s even a silver lining to the recent software sell-off: public investors are clearly better off digesting the risk of AI disruption before the coming IPO boom than after. That risk will likely shake out in the valuation, and so the majority of anticipated 2026 tech IPOs should still be on the table.Case in point: adtech firm Liftoff Mobile, which postponed earlier this month, is said to be gearing up for another IPO attempt now that close peer Applovin has stabilized.The Renaissance IPO Index rose +1.5% for the week, compared to +1.1% for the S&amp;P 500. Software topped the list, with Figma rebounding +15.8% on the back of a strong earnings report that highlighted its AI tools. Fintech is still in the doldrums, and Klarna struggled after another downbeat quarter, shedding -27.8%. </div>The Renaissance IPO Index returned 1.5% last week vs. 1.1% for the S&amp;P 500.</div>

MMLG

The IPO market is currently experiencing a seasonal lull, with no new offerings expected next week. Despite this, the average return for sizable IPOs remains strong at +15%. The IPO Index is down only -3.4% year-to-date, indicating stability. The pipeline includes many AI disruptors and companies in resilient sectors. Notably, Liftoff Mobile is preparing for another IPO attempt. Last week, the Renaissance IPO Index rose +1.5%, outperforming the S&P 500's +1.1%, with software stocks like Figma showing significant gains, while fintech firm Klarna faced challenges.

- The IPO market is currently experiencing a seasonal lull with an empty calendar for next week, anticipating moderate deal flow through mid-March.  
- Despite recent volatility and postponed offerings, significant IPOs have shown an average return of +15%, and the IPO Index has only dropped -3.4% year-to-date.  
- The upcoming months are expected to see more activity, particularly with a pipeline of companies, including AI disruptors, preparing for potential IPOs.

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