A surge of initial public offering (IPO) listings could take place in the US over the coming months following a pick-up in equity markets at the end of the first quarter. It comes after the US IPO market experienced its slowest first three months of the year since the financial crisis and could be good news for exchange traded fund investors who can gain exposure to the market through a variety of funds. IPO activity from January to the end of March dropped by more than 75% year-on-year, while total proceeds raised were at their lowest first quarter in over 20 years.

Renaissance Capital, a leading provider of IPO (Initial Public Offering) research and investment services, has made a play in the fast-growing exchange-traded funds business with the launch of the Renaissance IPO ETF (IPO) on the NYSE Arca. The fund is designed to offer investors efficient exposure to a portfolio of the most economically significant newly public US companies. The fund’s largest position is currently Facebook, with a 10.9% stake.