Săptămâna IPOX®, 6 septembrie 2021

6 Septembrie, 2021

• IPOX® Indexes rise across the board, beat benchmarks. China recovery.
• Germany’s DAX adds IPOX® International and IPOX® 100 Europe heavyweights.
• IPOX® SPAC gains +0.75%. 7 new SPACs launched in the U.S. last week.
• Little IPO deal flow lined up ahead of busy Q4 global IPO calendar.

WEEKLY Summary:  The broad-based benchmarks drifted higher across the globe last week, as rates and risk (VIX: +0.10%) remained subdued, while the strong global earnings story remained intact, and China recovered for a second week. Weak U.S. employment data released into the long U.S. holiday weekend did little to deter sentiment. The Indici IPOX® continued to benefit more than when compared to the benchmarks: In the U.S., e.g., the IPOX® 100 SUA (ETF: FPX) added +0.92% to +11.05% YTD, outpacing the S&P 500 (SPX), benchmark for U.S. stocks. Good sentiment extended to markets abroad, with the IPOX® International (ETF: FPXI) și IPOX® 100 Europa (ETF: FPXE) adding +2.35% to +1.71% YTD and +0.96% to +15.25%, respectively, both well ahead of the benchmarks. Asia-Pacific traded equally firm.

IPOX® EUROPE Investing with the “FPXE” ETF since 2018

Big IPOX® Corporate Actions: In IPOX® Corporate Actions, we are pleased to note the addition of 03/2018 Spin-off health care firm Siemens Healthineers (SHL GY: -1.11%) and 11/2017 IPO food delivery platform Bună ziua proaspete (HFG GY: -0.21%) to Germany’s Indexul DAX. Both firms are tracked in the IPOX® International (IPXI, 6.12% combined weight) and IPOX® 100 Europa (IPOE, 10.13% combined weight).

WEEKLY IPOX® portfolio holDings in focuS:  U.S. domiciled firms recording the most significant upside during last week’s trading included hard-hit online insurance agent 05/2020 IPO Selectquote (SLQT US: +44.55%), 09/2020 Direct Listing application software maker Asana (ASAN US: 21.27%), retailer P/E backed 06/2020 IPO Albertsons Cos. (ACI US: +17.47%) and independent oil and gas company IPO M&A Range Resources Corporation (RRC US: +13.87%).  In IPOX® exposure linked to non-U.S. domiciled companies tracked in the IPOX® International (ETF: FPXI) și IPOX® 100 Europa (ETF: FPXE), Chinese video games maker 03/2018 IPO bilibili (BILI US: +14.10%), Canadas’s infrastructure software maker 03/2019 IPO Lightspeed Commerce (LSPD CT: +13.92%), Singapore-based IT services provider 10/2017 IPO Mare (SE US: +10.07%) and Chinese e-commerce behemoth 09/2018 IPO Meituan (3690 HK: +8.80%) stood out. Poor earnings and/or a muted growth outlook pressured U.S. online pet store operator 06/2019 IPO Chewy (CHWY US: -12.89%) and U.S. communication app operator 04/2019 IPO Zoom Video (ZM US: -12.48%), e.g.

* Baza tranzacționării cu CME e-mini IPOX® 100 US Futures (IPOU1). *also available In UCITS format in Europe in EUR (EPFX IM,), USD (IPXE LN), and GBP (FPX LN).

IPOX® SPAC INDEX (SPAC): The Index added +0.75% to -7.31% YTD and +37.68% since its 7/30/2020 launch last week, marking the first positive weekly close for the IPOX® SPAC Index in ten weeks with companies including Capitalul social VI (IPOF US: +6.12%), Capitalul social IV (IPOD US: +2.82%) and Bridgetown Holdings (BTWN US: +2.47%) leading the way.  SPAC news include: 1) Only 1 SPAC Announced Merger Agreement: a) Petra Acquisition with clinical stage life sciences company Revelația Bioștiințe. 2) 5 SPACs Approved Business Combinations such as: a) CM Life Sciences II with protein biomarker platform Soma Logic (SLGC); b) Genesis Park Acquisition with space infrastructure startup RedWire (RDW) and c) Supernova Partners with residential real estate platform proptech Offerpad (OPAD). 3) 7 de noi SPAC-uri lansate săptămâna trecută în SUA

WEEKLY GLOBAL Deal-flow Review and Outlook:  Only 5 IPOs launched globally with the average equally weighted deal adding +45.39% based on the difference between the final offer price and Friday’s close. Amid the holiday-driven low August IPO action, the U.S. saw Its first IPO listing in two weeks with Korean game developer dublează Interactiv (DDI US: -10.28%) debuting negatively. Abroad, Korean hydrogen fuel tube trailer producer Iljin Hysolus (271940 KS: +160.64%) soared based on final offer. Ahead of U.S. Futures and Options expiration week and re-balancing, no significant deal flow Is scheduled during the shortened U.S. trading week. Other IPO news include a) UAE state-owned metal producer Emirates Global Aluminium (EGA) selected bankers for IPO at more than $15 billion valuation; a) Italian defense group Leonardo to revisit U.S. subsidiary DRS IPO; b) Franța antin Infrastructură parteneri joins the private equity firms IPO queue; c) Bain and Toshiba co-owned Japanese memory chipmaker Kioxia favors IPO over merger, arranges to list in November; d) communities network Reddit mulls potential IPO and e) Peloton rival NordicTrack maker iFit Health filed for IPO.

Lightspeed Financial Services Group LLC nu este afiliat cu acestea
comentatori/educatori terți de piață sau furnizori de servicii. Date,
informații și materiale („conținut”) sunt furnizate cu titlu informativ și
numai în scopuri educaționale. Acest conținut nu este și nici nu trebuie interpretat ca
o ofertă, solicitare sau recomandare de cumpărare sau vânzare de valori mobiliare sau
contracte. Orice decizii de investiții luate de utilizator prin utilizarea acestora
conținutul se bazează exclusiv pe analiza independentă a utilizatorilor
luați în considerare circumstanțele dvs. financiare, obiectivele de investiții și riscul
toleranţă. Lightspeed Financial Services Group LLC nu susține, nu oferă nici
recomandați oricare dintre serviciile sau comentariile oferite de oricare dintre piețe
comentatori/educatori sau furnizori de servicii și orice informație folosită pentru a executa
orice strategii de tranzacționare se bazează exclusiv pe analiza independentă a utilizatorului.

S-ar putea să te intereseze și...

Source: https://www.lightspeed.com/active-trading-blog/the-ipox-week-september-6th-2021/