Renaissance Capital (US company)

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Renaissance Capital LLC
Limited liability company
IndustryFinance
Founded1991 (1991)
FounderWilliam K. Smith
Kathleen Shelton Smith
Linda R. Killian[1]
Headquarters
Area served
Worldwide
ProductsIPO ETFs (Symbols: "IPO" & "IPOS")
Pre-IPO Resarch
IPO Pro membership portal
IPO Investment Management
IPO Index Series
ServicesInstitutional research
Websiterenaissancecapital.com

Renaissance Capital LLC is the global leader in providing IPO-focused ETFs (Exchange Traded Funds), pre-IPO institutional research ("IPO Intelligence") and an IPO information platform ("IPO Pro") for organizations and individuals interested in investing in the IPO (initial public offering) market.[2]

Renaissance Capital is considered to be the intellectual thought leader on Wall Street on the subject of IPOs. The company was founded in 1991 and is headquartered in Greenwich, Connecticut (headquarters) and San Francisco.[3]

The firm's pre-IPO “IPO Intelligence” research clients include the world’s largest and most active institutional IPO investors (buy side). In addition, its Wall Street underwriter clients (sell side) typically raise over 90% of the IPO dollars in the United States each year. “IPO Intelligence” covers newly public companies worldwide. Coverage is initiated before the IPO (initial public offering) and continues beyond the IPO during the period when underwriters are restricted from providing research.

Background[edit]

Renaissance Capital was founded in 1991 in the town of Greenwich, Connecticut. Its founders were three friends from the Wharton School of the University of Pennsylvania who met in the 1970s – Linda Killian, William Smith, and Kathleen Shelton Smith. The latter two are husband and wife.[3] All three founders had extensive experience on Wall Street (investment banking and money management) before founding Renaissance Capital. Past firms include Merrill Lynch, Citi, Bear Stearns, Kidder Peabody, and Prudential Bache.

Services and products[edit]

IPO ETFs (US and International)[edit]

Renaissance Capital manages two Exchange Traded Funds. Both are listed on the New York Stock Exchange and use FTSE (owned by the London Stock Exchange) as the calculating agent.

  • “Renaissance IPO ETF” (symbol: “IPO”) – for U.S. IPOs
  • “Renaissance International IPO ETF” (symbol: “IPOS”) – for International IPOs

The ETFs tracks rules-based Renaissance IPO Indexes, which add sizeable new IPO companies on a fast entry basis and the rest upon scheduled quarterly reviews. Companies that have been public for two years are removed at the next quarterly review.

IPO Intelligence[edit]

“IPO Intelligence” is Renaissance Capital’s flagship Pre-IPO research service for institutional investors interested in profiting from IPO investing. “IPO Intelligence” provides institutional investors with top-down tracking of the global IPO market and bottom-up fundamental research and valuation models on every IPO. It also has a Private Company Watchlist which tracks companies pre-IPO.

The firm's pre-IPO “IPO Intelligence” research clients include the world’s largest and most active institutional IPO investors (buy side). Also, its Wall Street underwriter clients (sell side) typically raise over 90% of the IPO dollars in the United States each year.

IPO Pro (membership portal)[edit]

In 2017, Renaissance Capital launched IPO Pro. This membership site is designed for professional and individuals interested in staying ,on top of the IPO market (e.g., accountants, lawyers, venture capitalist, investment bankers, family offices) and for individual IPO investors. IPO Pro contains everything professionals need to know about IPOs in one platform.

RenaissanceCapital.com[edit]

RenaissanceCapital.com, formally ipohome.com, is a free web portal for IPO traders and investors allowing them to track the performance of IPOs after their launch. Among the sections featured by the site is Breaking News, Upcoming IPO Calendars, Pricings, IPO Poll, IPO stats and IPO University.[4]

IPO Index series[edit]

In 2005, Renaissance Capital and FTSE Group launched the FTSE Renaissance IPO Index Series. FTSE is a wholly owned subsidiary the London Stock Exchange. As the series expanded to encompass a growing number of developed and emerging markets, its name was changed to the FTSE Renaissance Global IPO Index Series. According to a FTSE fact sheet, "Qualified IPOs are added to the indices at the end of their first trading day and removed after approximately two years when they become seasoned equities."[5][6]

Book: "IPOs for Everyone: The 12 Secrets of Investing in IPOs"[edit]

In 2001 Renaissance cofounders Linda Killian, Kathleen Smith and William Smith published IPOs for Everyone: The 12 Secrets of Investing in IPOs (John Wiley & Sons), a comprehensive guide to the IPO market for new investors.[7][8]

See also[edit]

References[edit]

  1. ^ "Our Professionals". Retrieved 13 April 2010.
  2. ^ Steiner, Sheyna (2 March 2012). "Three Reasons You Can't Buy IPO Shares". Fox Business. Retrieved 15 May 2012.
  3. ^ a b Tergesen, Anne (10 December 1998). "Dealing Yourself into the IPO Game". BusinessWeek. Retrieved 15 May 2012.
  4. ^ Penn, David (December 2006). "www.IPOHome.com". Technical Analysis of Stocks & Commodities. Technical Analysis Inc. 24 (13). Retrieved 17 May 2012.
  5. ^ "Factsheet: FTSE Renaissance Global IPO Index Series" (PDF). FTSE Group. 2011. Archived from the original (PDF) on 31 July 2012. Retrieved 17 May 2012.
  6. ^ "FTSE Renaissance IPO Index Series expanded". ETFI Asia. 27 September 2011. Archived from the original on 30 July 2012. Retrieved 17 May 2012.
  7. ^ Reeves, Scott (14 January 2005). "Stalking The Killer IPOs". Forbes. Retrieved 16 May 2012.
  8. ^ "IPOs for Everyone: 12 Secrets to Investing in IPOs". CMA Management. Society of Management Accountants of Canada. 1 July 2001. Archived from the original on 22 May 2013. Retrieved 16 May 2012. IPOs for Everyone is a comprehensive look inside this specialized market, offering investors the 12 secrets to investing in IPOs.