Xignite, the Market Data Cloud, today announced its new API called XigniteIPOs, which delivers IPO data from Renaissance Capital.
XigniteIPOs makes it easy to get complete calendars of upcoming IPOs in real-time. Users of the service can track IPOs as they are filed, priced, and introduced to the market. U.S. Markets will be covered, including NYSE, NASDAQ, BATS, and OTCBB.
U.S. Equity markets are witnessing a renewed interest in IPOs. According to Renaissance Capital, ninety U.S. companies have raised more than $30 billion in first three quarters in 2012. These companies are seeing an average return of 15% over offer price. The high-tech sector is leading the IPO curve with over 30 IPOs in 2012. XigniteIPOs delivers an easy way to track the IPO calendar and get the information that is vital to the investment decision making process.
IPO data has not been easily available to finance website operators thus far, but, with XigniteIPOs, such operators can rise above the competition by offering both the IPO calendar and post-IPO performance data. Financial Software-as-a-Service (SaaS) applications can get this data directly from the cloud, advise clients of upcoming IPOs, and help them monitor their investments after an IPO happens. Other financial technology professionals, across a wide variety of disciplines, also have demand for IPO data for the purposes of compliance.