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ELAN - IPO Index Touches All-Time High Fueled By #4 Holding Moderna
Elanco Animal Health Incorporated
The Renaissance IPO Index rose 2.8% on Monday, and surpassed its all-time high in mid-day trading.
The IPO Index is now up 12.9% for the year, outperforming the S&P 500 by 20 points, and the Nasdaq Composite by 10 points. The Renaissance IPO ETF (IPO) tracks the index, which is composed of the largest and most liquid IPOs over the past two years. IPO outperformance is a global phenomenon, with the International IPO Index (tracked by IPOS) also 20 points above its benchmark, the MSCI ACWI ex USA.