“First Data, which provides payment processing to merchants and financial institutions, raised $2.6 billion by offering 160 million shares at $16. At the pricing terms, First Data commands a market value of $14.7 billion and qualifies for inclusion in the Renaissance IPO ETF at the market’s close on October 21, 2015,” said Renaissance Capital.
The $22.5 million currently holds 67 stocks. Top 10 holdings include Alibaba (NYSE: BABA), Twitter (NYSE: TWTR) and JD.com (NasdaqGS: JD).
Renaissance IPO ETF
