“We were told that over 100 million people watch the opening bell each day – second in viewership only to the Super Bowl!”says Bill Smith, President, Renaissance Capital.
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NYSE Photo by Ben Hider[/caption]
Renaissance IPO EFT Rings the Bell at NYSE.
The colorful Renaissance Capital logo designed by Langton Cherubino made it’s debut at the New York Stock Exchange on 9:30 am on Thursday February 20, 2014 to celebrate the launch of the Renaissance IPO ETF.
“All in all it was a wonderful and memorable event,” says Bill Smith, President of Renaissance Capital, “We were told that over 100 million people watch the opening bell each day – second in viewership only to the Super Bowl!”
Renaissance IPO ETF began trading last quarter under the ticker symbol “IPO.” With 837,443 shares traded on its first day, the Renaissance IPO ETF was one of the top ten launches by a first-time sponsor in ETF history. Renaissance Capital, a global IPO investment advisor, is well-known for its pre-IPO research and analytics.
The logo is based on an iconic column designed in the style of Greek Revivalist. “It unites the Renaissance aspects of rebirth with a respect for the classical form,” says Design Director Jim Keller. Bill Smith adds, “The logo captures the essence of a company rooted in the fundamentals of financial acumen that is on the top of its game.” See more on Renaissance Capital.
The IPO market has seen a strong recovery since the 2008 financial crisis, breaking ten year records in 2013 when 222 IPOs raised $55 billion. “The launch of the Renaissance IPO ETF, is a direct response to increased investor demand for systematic exposure to newly listed IPOs in a low-cost tax-efficient structure,” said Kathleen Smith, Chair of Renaissance Capital.
