New stocks are red hot to start 2020 with IPO ETF tripling the return of the market
Despite a roller-coaster ride in 2019, IPO investors made money, and they are starting off 2020 in the green as well.
The Renaissance Capital IPO ETF, a basket of the most recent 60 or so larger IPOs, is at a historic high. It has dramatically outperformed the S&P 500 year-to-date, up nearly 9% versus a gain of about 3% for the S&P.
The IPO market is now heating up again, with recent filings…
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