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Zacks Friday Finish Line Exclusive: Kathleen Smith of Renaissance Capital Discusses 2016 IPO Market
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For Immediate Release
Chicago, IL—September 8, 2016—Zacks Friday Finish Line is a podcast hosted weekly by Zacks Editor Maddy Johnson and Content Writer Ryan McQueeney. In this special edition, Maddy and Ryan spoke with Kathleen Smith of IPO-focused research firm Renaissance Capital about the current state of the IPO market and which companies might be looking to go public soon.
Renaissance Capital has been around for 25 years. It offers separately managed institutional accounts, as well as two ETFs—the Renaissance IPO ETF (IPO - Free Report) and the Renaissance International IPO ETF (IPOS - Free Report) —and a mutual fund, the Global IPO Fund .
State of the IPO Market
In part one of the interview, the hosts discussed the sluggish IPO market in the first half of 2016, in particular what may have caused this slow start. While uncertainty about the interest rate hikes in the U.S., economic instability in China, and the fallout from the Brexit are all well-known issues, Kathleen offered a different perspective on the current lackluster market.
She also gave insight on what private companies should look out for to encourage an IPO, like determining how the broader market values an industry peer. For example, if publicly traded restaurant companies are seeing their stock increase, a privately-held restaurant looking to IPO should view this as a positive factor.
Looking Towards Future IPOs
In part two of the interview, the hosts talked to Kathleen about the future, discussing the IPO market in the second half of 2016 and into 2017.
While there may not be a blockbuster IPO this year, Kathleen name-dropped a few smaller tech and consumer-related companies Renaissance Capital believes may go public in 2016. Investors should keep an eye out for The Trade Desk, an online bidding platform for advertisers; YETI Coolers, a maker of outdoor lifestyle products, and e.l.f. Cosmetics, a company that offers top quality, professional makeup products, among others.
Big tech unicorns were also discussed, and despite their large presence in our daily lives, there is still much to be learned about companies like Uber and Snapchat.
Want More Zacks Friday Finish Line?
Check back every Friday for a new episode that looks at each week’s biggest financial and investment news. You can follow the Zacks Friday Finish Line Podcast on iTunes and Soundcloud.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Friday Finish Line Exclusive: Kathleen Smith of Renaissance Capital Discusses 2016 IPO Market
For Immediate Release
Chicago, IL—September 8, 2016—Zacks Friday Finish Line is a podcast hosted weekly by Zacks Editor Maddy Johnson and Content Writer Ryan McQueeney. In this special edition, Maddy and Ryan spoke with Kathleen Smith of IPO-focused research firm Renaissance Capital about the current state of the IPO market and which companies might be looking to go public soon.
Renaissance Capital has been around for 25 years. It offers separately managed institutional accounts, as well as two ETFs—the Renaissance IPO ETF (IPO - Free Report) and the Renaissance International IPO ETF (IPOS - Free Report) —and a mutual fund, the Global IPO Fund .
State of the IPO Market
In part one of the interview, the hosts discussed the sluggish IPO market in the first half of 2016, in particular what may have caused this slow start. While uncertainty about the interest rate hikes in the U.S., economic instability in China, and the fallout from the Brexit are all well-known issues, Kathleen offered a different perspective on the current lackluster market.
She also gave insight on what private companies should look out for to encourage an IPO, like determining how the broader market values an industry peer. For example, if publicly traded restaurant companies are seeing their stock increase, a privately-held restaurant looking to IPO should view this as a positive factor.
Looking Towards Future IPOs
In part two of the interview, the hosts talked to Kathleen about the future, discussing the IPO market in the second half of 2016 and into 2017.
While there may not be a blockbuster IPO this year, Kathleen name-dropped a few smaller tech and consumer-related companies Renaissance Capital believes may go public in 2016. Investors should keep an eye out for The Trade Desk, an online bidding platform for advertisers; YETI Coolers, a maker of outdoor lifestyle products, and e.l.f. Cosmetics, a company that offers top quality, professional makeup products, among others.
Big tech unicorns were also discussed, and despite their large presence in our daily lives, there is still much to be learned about companies like Uber and Snapchat.
Want More Zacks Friday Finish Line?
Check back every Friday for a new episode that looks at each week’s biggest financial and investment news. You can follow the Zacks Friday Finish Line Podcast on iTunes and Soundcloud.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.