Renaissance Ipo

Today’s Key News Recap

OpenAI

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0305 | Dolphin Research Focus: 🐬 Macro/Industry 1). On Mar 5, Premier Li Qiang delivered the Gov. Work Report at the 4th Session of the 14th NPC.He set a 2026 GDP growth target of 4.5%–5% and CPI around 2%, aiming to balance employment, livelihoods and industrial upgrading. The moderate inflation goal should help restore corporate earnings and anchor household expectations, supporting risk appetite in HK and A-share markets...

Destiny Tech100

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Tencent Holdings Limited

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Tencent

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Xiaomi HK SDR 2to1

Xiaomi Corporation

NVIDIA

Broadcom

Vera Therapeutics

JD-SW

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JD HK SDR 10to1

JD.com

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Bilibili

Tencent HK SDR 10to1

NVDA to reallocate H200 capacity; OpenAI races toward IPO | Daily News Recap

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Conference Minutes

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The collaboration with BYD currently covers more than ten models, and more new models will gradually achieve mass production from 2025 to 2026.

Bloomage Biotech

Tesla

Hello

Hesai

Pony AI

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HKEX

JD LOGISTICS

HESAI-W

HKEX-R

Hong Kong Exchanges and Clearing (HKEX)

GraniteShares 2x Short TSLA Daily ETF

Direxion Daily TSLA Bull 2X Shares

AXS TSLA Bear Daily ETF

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Hesai (3Q25 Minutes): Lidar shipments are expected to reach at least 2 million to 3 million units by 2026

Circle Adds 250 Million USDC Mint on Solana on May 20

ARM Holdings Chief Business Officer William Abbey Sells Shares

Reddit CEO Steve Huffman Sells 17,300 Shares and Exercises Options

The U.S. SEC proposes major rule changes to make it easier for newly public companies to raise capital

Aletheia Capital Reiterates 'Buy' Rating on Circle Citing Regulatory Edge

Circle Internet Group Stock Target Price Hiked to $147.26, Analysts Bullish

Duan Yongping's H&H Invests $19.08M to Buy 200k Shares of Circle

Analysts raise Circle's 12-month average stock price target to $147.26

Bernstein rates Circle "Outperform" with a $190 price target, noting that the stablecoin supply has reached a new all-time high.

Morgan Stanley raises Circle's price target to $106 from $80

FactSet Survey Shows Analysts Lower Circle Internet Group's 2026 EPS Expectations

FactSet Survey Shows 18 Analysts Raise Viking Holdings Target Price to $100

FactSet Survey Shows Circle Target Price Median Raised to $144

Rubrik Partners with MEDITECH to Enhance Network Resilience for Expanse Customers

Google and Blackstone venture poses potential competitive threat to CoreWeave, stock falls in pre-market

Circle Announces Full-Stack Transformation and ARC Token Pre-Sale Amid Low Interest Rate Pressures

CoreWeave to Participate in the J.P. Morgan Global Technology, Media and Communications Conference

US SEC reportedly plans to launch an innovation exemption program for tokenized stocks

Nvidia Significantly Increased Its Stake in AI Cloud Provider CoreWeave (CRWV) in Q1

Circle Internet Group (CRCL) Director Files Form 4 Disclosing Grant of Restricted Stock Units

InMed Pharmaceuticals

AMPLITECH GROUP INC. USD0.001 S/R 20/11/26 SER B

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CN Energy

AMPLITECH GROUP INC. COM USD0.001 (S/R 18/07/2026)

NextNRG

Meiwu Tech

Generation Income Properties

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Lincoln International is set to raise $400 million at a $2 billion market cap in the upcoming IPO week, following a strong performance in client revenues. Additionally, Conexeu Sciences plans a direct listing on Nasdaq with a market cap of $120 million. The IPO market shows positive trends, with the Renaissance IPO Index up 10.8% year-to-date.

- One IPO and one direct listing are planned for the upcoming week, including Lincoln International aiming to raise $400 million at a $2.0 billion market cap.  
- Conexeu Sciences is expected to complete its direct listing on the Nasdaq with a market cap of $120 million, focusing on its proprietary device for tissue regeneration.  
- Additionally, the Renaissance IPO Indices show significant year-to-date gains, with the IPO Index up 10.8% and the International IPO Index up 27.4%.

RenaissanceCapital

S&P 500

Coreweave

Astera Labs

iShares MSCI ACWI Ex US

Renaissance Intl Ipo

US IPO Week Ahead: Advisory firm Lincoln International set to follow a hot week for IPOs

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Analysts have upgraded revenue forecasts for InPlay Oil Corp. (TSE:IPO), predicting CA$407m in 2026, a 60% increase from previous estimates of CA$331m. This reflects an expected annualized revenue growth of 88%, significantly outpacing the industry average of 3.9%. Despite the optimistic outlook, the consensus price target remains unchanged at CA$24.70. Analysts are bullish on InPlay Oil's growth potential, suggesting it may be a good time for investors to reassess their positions, although there are concerns regarding potential dividend cuts.

Simplywall

Oil Dri Corp of America

Battalion Oil

SPDR O&G Ex & Prd

SPDR O&G Equip

ISHRS S&P Glb Engy

SPDR Energy Select

VanEck Oil Services ETF

iShares US Oil & Gas Expl & Prod

iShares US Oil Equip & Svcs

Broker Revenue Forecasts For InPlay Oil Corp. (TSE:IPO) Are Surging Higher

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Five major IPOs are set for the upcoming week, led by AI chipmaker Cerebras Systems aiming to raise $3.4 billion. Other notable IPOs include Blackstone Digital Infrastructure Trust ($1.8 billion), Fervo Energy ($1.3 billion), GMR Solutions ($750 million), and EagleRock Land ($320 million). Additionally, AIAI Holdings plans a direct listing on Nasdaq. The IPO market shows positive momentum, with the Renaissance IPO Index up 10.6% year-to-date, outperforming the S&P 500.

- Five significant IPOs are scheduled for the upcoming week, including Cerebras Systems, which aims to raise $3.4 billion at a $34.7 billion market cap, leveraging its advanced AI chip technology despite short-term profitability challenges.  
- Other notable IPOs include Blackstone Digital Infrastructure Trust, Fervo Energy, GMR Solutions, and EagleRock Land, each focusing on distinct sectors with varying market caps and strategic goals.  
- The overall IPO market shows positive momentum, with the Renaissance IPO Index up 10.6% year-to-date as of May 7, 2026.

Invesco Semiconductors ETF

Direxion Semicon Bull 3X

SPDR S&P Semicon

ChinaAMC Guozheng Semiconductor Chip ETF

Invesco QQQ Trust

NVIDIA Corporation

US IPO Week Ahead: AI chipmaker Cerebras leads a roster of 5 major IPOs

After volatility in Q1, markets staged a recovery in April. Renaissance's director of investment strategies discusses the past month's activity in our April 2026 IPO Market Recap. To stay on top of the IPO market, make sure to sign up for our weekly newsletter.

Renaissance Capital's April 2026 IPO Market Recap

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One IPO is scheduled for the upcoming week: Avalyn Pharma (AVLN), aiming to raise $201 million at a $683 million market cap, focusing on inhaled antifibrotic therapies for pulmonary fibrosis. Bill Ackman’s Pershing Square and Pershing Square USA are also set to debut, with investors receiving shares of Pershing Square for every five shares of Pershing Square USA purchased. The IPO market shows positive trends, with the Renaissance IPO Index up 7.7% year-to-date, outperforming the S&P 500.

- Avalyn Pharma is set to raise $201 million at a $683 million market cap, focusing on inhaled antifibrotic therapies for pulmonary fibrosis.  
- The week also includes Bill Ackman’s Pershing Square and its affiliated vehicle, which will list concurrently with specific share exchange terms for investors.  
- The Renaissance IPO Index has risen 7.7% year-to-date, outperforming the S&P 500, reflecting overall positive market conditions for upcoming IPOs.

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Invesco Biotechnology & Genome ETF

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Jefferies Financial

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US IPO Week Ahead: Lung disease biotech and Bill Ackman deals set to debut

Four IPOs were priced last week, including X-Energy, which raised $1 billion at a $9.5 billion market cap, focusing on advanced nuclear technology. The Elmet Group raised $120 million at a $420 million market cap, specializing in critical materials. Yesway raised $280 million at a $1.3 billion market cap, aiming to expand its convenience store operations. National Healthcare Properties raised $462 million at an $817 million market cap, focusing on healthcare real estate. The IPO market shows positive trends, with the Renaissance IPO Index up 7.7% year-to-date.

- Four IPOs launched last week, including X-Energy, The Elmet Group, Yesway, and National Healthcare Properties, raising significant capital.  
- X-Energy, focusing on advanced nuclear technology, raised $1.0 billion, while The Elmet Group generated $120 million.  
- The overall IPO market showed positive momentum, with the Renaissance IPO Index up 7.7% year-to-date, outperforming the S&P 500.

Amazon

Centrica plc

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National Healthcare Properties

US IPO Weekly Recap: Nuclear tech, critical materials, and more in a 4 IPO week

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The US IPO market is experiencing a resurgence, with the Renaissance IPO Index rising 10.4%, its best week in four years. Five IPOs priced last week, all above the midpoint, including Madison Air Solutions' $2.2 billion IPO and Kailera Therapeutics' $625 million biotech offering. Upcoming IPOs include X-Energy and Yesway. AI stocks led the winners, while stable market conditions are expected to broaden the IPO rebound across various sectors. The overall sentiment remains positive despite ongoing geopolitical tensions and uncertainties in the tech sector.

- The Iran ceasefire has prompted a surge in the IPO market, with the Renaissance IPO Index rising by 10.4% and five new IPOs successfully priced above their midpoints.  
- Madison Air Solutions raised $2.2 billion, marking the largest IPO of the year and Kailera Therapeutics raised $625 million, reflecting strong demand in the biotech sector.  
- Stable market conditions and the performance of AI and other high-demand sectors are expected to facilitate further IPO activity, with four more offerings scheduled for next week.

Ark Genomic Revolution ETF

Proshares Ultra Nasdaq Biotech

iShares Biotechnology ETF

First Trust NYSE Arca Biotech Index Fd

Direxion S&P Biotech Bull 3X

Proshares UltraShort Nasdaq Biotech

US IPO Weekly Winners & Losers

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Four sizable IPOs are scheduled for the upcoming week, including X-Energy, which aims to raise $750 million, focusing on advanced nuclear reactor technology. National Healthcare Properties plans to raise $558 million, operating senior housing and healthcare properties. Yesway, a convenience store chain, seeks $300 million, while The Elmet Group targets $100 million, specializing in high-power microwave systems. The IPO market shows positive trends, with the Renaissance IPO Index up 5.7% year-to-date, outperforming the S&P 500.

- Four significant IPOs are scheduled for the upcoming week, including X-Energy, which aims to raise $750 million to develop advanced nuclear reactors.  
- National Healthcare Properties plans to raise $558 million, focusing on senior housing and outpatient medical facilities, while Yesway seeks $300 million as a leading convenience store operator.  
- The Elmet Group is set to raise $100 million, manufacturing components for high-power microwave systems, and five lock-up periods are set to expire, impacting upcoming trades in the IPO market.

National Healthcare Pref Share HTIBP 7.125 Perp 10/06/26 B

National Healthcare Pref Share HTIA 7.375

Elme Communitites

Healthcare Trust Pref Share HTIA 7.375

Lyxor Commodities Refinitiv/CoreCommodity CRB EX-Energy TR UCITS ETF -Acc- Capitalisation

WEBs Energy XLE Defined Volatility ETF

Excelerate Energy

Nano Labs

Hermès

LeeWay Services, Inc.

Waystar

Elementis plc

US IPO Week Ahead: Nuclear reactor developer and convenience store chain among 4 sizable IPOs set to list

Renaissance Ipo(IPO.US)

US IPO Week Ahead: Advisory firm Lincoln International set to follow a hot week for IPOs

Broker Revenue Forecasts For InPlay Oil Corp. (TSE:IPO) Are Surging Higher

US IPO Week Ahead: AI chipmaker Cerebras leads a roster of 5 major IPOs

Renaissance Capital's April 2026 IPO Market Recap

US IPO Week Ahead: Lung disease biotech and Bill Ackman deals set to debut