‘IPO’ ETF Taking Off While Most IPOs are Sputtering
This article was originally published on ETFTrends.com.
The Renaissance IPO ETF (NYSEArca: IPO) is up 30.37 percent year-to-date, which might mean that initial public offerings (IPOs) are in a good place, but the record for startups hitting Wall Street show that most typically sputter. One of the companies poised for making that leap to public investor scrutiny is ride-sharing startup Lyft. The [...]