---
title: "Renaissance Capital: US IPO weekly recap, first week of November"
url: https://stacklist.com/card/e691e635-b900-4ed3-9806-2f311e19911c
source_url: "https://www.renaissancecapital.com/IPO-Center/News/122629/us-ipo-weekly-recap-community-bank-debuts-amid-market-fears"
stack: https://stacklist.com/c/finance/stack/22f7c9a4-3e3f-4847-a2e1-1b56182d69af
summary: "Renaissance Capital reports on US IPO activity for the first week of November 2026, with one community bank debut and six new filings including three IPOs and three SPACs. Market conditions show the Renaissance IPO Index down 6.8% year-to-date while the S&P 500 is up 8.2%."
tags: "ipo, capital-markets, weekly-recap, spac, banking"
key_entities: "Narragansett Bancorp (organization), Renaissance Capital (organization), Guitar Group (organization), UC Automotive (organization), BEHNEH (organization), Churchill Capital XIV (organization), Kartoon Studios Acquisition (organization), Michael Klein (person), Massachusetts (location), Rhode Island (location), Hong Kong (location), Canada (location), Singapore (location), US IPO Weekly Recap (event)"
classification: "analysis"
content_hash: "sha256:5b6d93361749b8658e36a90ab2f20046706565e720cb54bb56e00ee2417a4e56"
acp_version: "0.2"
token_counts_approximate: 897
visibility: public
agent_accessible: true
status: "final"
---

# Renaissance Capital: US IPO weekly recap, first week of November

IPO Center IPO Center IPO News IPO Calendar Priced IPOs IPO Poll IPO Stats IPO Industries IPO University IPO Pro IPO APIs US IPO Weekly Recap: Community bank debuts amid market fears November 6, 2026 One name debuted this week in a best efforts offering, while three IPOs and three SPACs submitted initial filings. While not included in our IPO statistics, community bank Narragansett Bancorp ( NARA ) raised $91 million at a $212 million market cap in a best efforts, min/max offering sold on a subscription basis. The company operates BayCoast Bank, a Massachusetts-chartered savings bank with 25 full-service branches in southeastern Massachusetts and Rhode Island. Narragansett Bancorp finished the week up 8%. Three IPOs submitted initial filings this week. Hong Kong-based live music services provider Guitar Group ( GITR.RC ) filed to raise $31 million. Canada-based used vehicle dealer UC Automotive ( UCAU.RC ) filed to raise $29 million. Singapore-based cross-border payment services provider BEHNEH ( BENE ) filed to raise $20 million at a $100 million market cap. Three SPACs also submitted initial filings. Churchill Capital XIV ( CXIVU ), founded by dealmaker and former Citi executive Michael Klein, filed to raise $300 million. Kartoon Studios Acquisition ( KACQ.U ) filed to raise $300 million to target children’s media and entertainment. A Paradise III Acquisition ( APCDU ) filed to raise $100 million to target leisure and entertainment. 6 Filings During the Week of November 2nd, 2026 Issuer Business Deal Size Sector Lead Underwriter A Paradise III Acq. (APCDU) $100M SPAC Maxim Blank check company targeting leisure and entertainment. BEHNEH (BENE) $20M Technology Sutter Securities Singapore-based provider of cross-border payment services. UC Automotive (UCAU.RC) $29M Consumer Discretionary Kingswood Canada-based used vehicle dealer in the Greater Vancouver area. Guitar Group (GITR.RC) $31M Consumer Discretionary Univest Sec. Hong Kong-based provider of music events, guitar-making workshops, and guitar repairs. Kartoon Studios Acq. (KACQ.U) $300M SPAC E.F. Hutton Blank check company backed by Kartoon Studios targeting children's media and entertainment. Churchill Capital XIV (CXIVU) $300M SPAC Citi Blank check company founded by dealmaker and former Citi executive Michael Klein. Sign up for a free trial of our premium platform, IPO Pro . To get our IPO calendar in your inbox, register here . IPO Market Snapshot The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 11/5/2026, the Renaissance IPO Index was down 6.8% year-to-date, while the S&P 500 was up 8.2%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include SpaceX ( SPCX ) and SK hynix ( SKHY ). The Renaissance International IPO Index was up 8.7% year-to-date, while the ACWX was up 10.4%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and CATL. Relevant Profiles: NARA , CXIVU , KACQ.U , GITR.RC , BENE , UCAU.RC , APCDU Share this article: Follow Us IPO ETFs US IPO ETF International IPO ETF How to Invest In the News IPO Center Track AI IPOs IPO News IPO Calendar Pricings IPO Poll IPO Stats IPO Industries IPO University IPO Pro Features Pricing IPO Intelligence Why IPO Intelligence Features Our Clients IPO Data IPO APIs About Us Our Products Careers Contact Us Weekly IPO Updates Important Disclosures Renaissance Capital LLC is an SEC-registered investment adviser. © 2026 Renaissance Capital LLC. All rights reserved.