8 IPO deals expected to raise $2,000,000,000

Story originally published here.

So far in 2020, there have been 43 IPOs, down 31% from the same time a year ago. But the Renaissance IPO exchange-traded fund IPO has performed strongly, returning 22.6% in the period, thanks to the inclusion in the index of recent IPOs of digital companies and others that are benefiting from working-from-home products and services, such as Zoom Video Communications Inc. ZM Slack Technologies Inc. WORK and biotech Moderna Inc. MRNA which is developing a COVID-19 vaccine.

Last week’s deals included the biggest IPO of the year to date, that of Warner Music Group Corp. WMG, which returned to public markets after nine years as a private entity and raised $1.93 billion by selling 77 million shares priced at $25 each, the higher end of its $23 to $26 price range. That stock ended the week up 20%.

This week’s biggest deal will be Azek AZEK, which will raise $625 million at the top end of its price range.

For the second and third biggest deals of the week, continue reading.