IPOs, SPACs Surge in 2020 as Companies Rush to Go Public

The IPO market has been exceptionally active, with record issuances and strong investor returns. Major IPOs like DoorDash and Airbnb have performed well, encouraging more companies to go public. SPACs are also raising significant funds, though there are concerns about their deal quality. IPOs have outperformed major indices, driven by tech companies. However, risks remain that could impact valuations.

What has been a significant trend in the IPO market this year?

• Stable IPO market

• Record levels of IPO issuance

• Decrease in IPO issuance

• Decline in investor interest

Which companies have raised over $3 billion each in their IPOs?

• Amazon and Microsoft

• Uber and Lyft

• DoorDash and Airbnb

• Facebook and Google

What is a major concern regarding SPACs?

• Decline in SPAC numbers

• Raising too much money without quality deals

• Lack of investor interest

• Increased regulatory scrutiny

How has the Renaissance IPO ETF performed compared to the S&P 500?

• Underperformed

• Outperformed

• No significant change

• Performed equally

Which sector has seen significant success in IPOs this year?

• Healthcare

• Technology

• Retail

• Energy