ETF Explainer: IPO

IPOs have exhibited strong performance recently.

Reviewed by: Heather Bell
Edited by: Heather Bell
First Trust Nasdaq Transportation ETF

Each month, we look at an ETF selected by based on its performance and importance to investors. This month, we consider the performance of the $456 million Renaissance IPO ETF (IPO) which has outperformed the broad U.S. market significantly during the past year. All the companies mentioned below are holdings in IPO, unless otherwise noted (*).



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JAN 21 Beyond Meat sees its stock price jump after Starbucks* sends a letter to shareholders expressing the desire to offer more plantbased options for environmental reasons.

MAR 18 Uber reports up to 70% declines in rides in major cities as the coronavirus pandemic hits new peaks and the stock market crashes.

MAY 7 Shares of Peloton rise sharply after the company reports a 66% increase in sales during the third quarter, while its net monthly churn hits a four-year low.

JUL 31 Pinterest’s share price increases nearly 40% after the company reports for the second quarter an acceleration in advertiser growth and a 39% increase in active users year-over-year.

SEP 1 Zoom sees its stock price spike after reporting a 350% increase in revenue and a 3,300% increase in net profit for the second quarter year-over-year.

NOV 25 Moderna’s stock price rises significantly after it announces the European Commission had approved an initial agreement to purchase 80 million doses of its COVID-19 vaccine.

Source: Bloomberg; data for 11/30/2019-11/30/2020

Heather Bell is a former managing editor of She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.