IPOs this week : April 27 - May 1, 20 (wk 18)

IPO quiet period expirations

• WiMi Hologram Cloud (NASDAQ:WIMI) on April 27 and 
• Zentalis Pharma (NASDAQ:ZNTL) on April 28. IPO share 

IPO lockup expirations

• Oyster Point (NASDAQ:OYST) and RAPT Therapeutics (NASDAQ:RAPT) on April 28. 

Amid the lack of new IPOs, the Renaissance IPO ETF (NYSEARCA:IPO) is still chugging along and is down only 3% YTD compared to a 12% decline in the S&P 500. Top performers for the ETF include Moderna (NASDAQ:MRNA), Zoom Video (NASDAQ:ZM) and Chewy (NYSE:CHWY).

IPOs this week : Nov 25 - 29, 19 (wk 48)

It will be a relatively slow week in the IPO market, with only quiet period expirations for Oyster Point Pharma (NASDAQ:OYST), RAPT Therapeutics (NASDAQ:RAPT) and Fangdd Network Group (NASDAQ:DUO) on the U.S. calendar.

In Asia, Alibaba (NYSE:BABA) is likely to price its secondary listing at HK$176 to raise between $11B and $13B and begin trading. Saudi Aramco plans meetings in Dubai next week with investors in Dubai as it looks to raise up to $25.6B. Saudi Aramco set an indicative price for the deal, valuing the company at up to $1.7T - below the $2T sought by Saudi’s crown prince, but putting it in the running to become the world’s biggest IPO.