U.S. IPO Weekly Recap: 3 Micro-Cap IPOs Come To Market During The February Lull

Feb. 13, 2022 2:11 PM ET, , , , , , , , , , , , , ,

Summary

  • The Arena Group, a media holding company operating Sports Illustrated, TheStreet, and other brands, raised $30 million at a $172 million market cap.
  • Nine SPACs went public this past week.
  • As of 2/10/22, the Renaissance IPO Index was down 15.4% year-to-date, while the S&P 500 was down 5.4%.

IPO Initial Public Offering 3d concept

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Three micro-caps debuted this past week during the IPO market’s annual February lull. Nine SPACs also priced. The pipeline remained relatively quiet, with two IPOs and one SPAC submitting initial filings.

The Arena Group (

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Renaissance Capital provides pre-IPO research to institutional investors and investment banks. The Firm manages two IPO-focused funds: The Renaissance IPO ETF (NYSE: IPO) and the Renaissance International IPO ETF (NYSE: IPOS). Individual investors can get a free overview of the IPO market on www.renaissancecapital.com, and try a free trial of our premium platform, IPO Pro (ipopro.renaissancecapital.com). Through Renaissance Capital’s pre-IPO research service, institutional investors get an independent opinion, in-depth fundamental analysis, and customizable financial models on all IPOs.

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