“IPO shares are up a surprising 60% this year with big debuts expected”
September 3, 2020
“No one would have believed this even three months ago, but this may turn out to be the biggest year for IPOs since Alibaba went public in 2014. Already, 111 companies have raised $37.8 billion, according to Renaissance Capital. In 2014, the year Alibaba went public, $85 billion was raised. And that is without the SPAC market, which is also on fire…
The Renaissance Capital IPO ETF (IPO), a basket of the 60 or so largest IPOs in the last two years, is up 64% year to date, far outperforming the broader market…”