---
title: "International IPO Weekly Winners & Losers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243597075.md"
description: "International IPO markets showed positive movement with the Renaissance International IPO Index rising 1.7%. Amman Mineral led gains at +14.1%, while Midea fell -7.5%. Virgin Australia announced a significant IPO, while Cobalt Holdings withdrew its London IPO. Upcoming listings include Sentia in Oslo and Paradigm REIT in Malaysia. Several IPOs were approved in India, including Dorf-Ketal and HDB Financial Services. Notable companies like novobanco and Pret A Manger are also exploring IPO opportunities."
datetime: "2025-06-08T16:01:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243597075.md)
  - [en](https://longbridge.com/en/news/243597075.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243597075.md)
generator: "portal-rs"
---

# International IPO Weekly Winners & Losers

**International IPO Index:** International markets had a solid week, with the Renaissance International IPO Index up +1.7%, compared to a +1.8% return for the ACWX ex-US ETF. Indonesian copper and gold miner **Amman Mineral** gained +14.1% to take the top spot, while Hong Kong-listed home appliance giant **Midea** was the worst performer, off -7.5%.

**Big Development:** Two notable developments this week. Airline **Virgin Australia** ($450mm) launched the first sizable Australian IPO of the year, scheduled to list in late June. Cobalt trader **Cobalt Holdings** withdrew its London IPO at the eleventh hour, dealing another blow to the city's struggling IPO market.

**Latest Listings:** In India, hotel owner **Schloss Bangalore** ($410mm) ticked down -1%, and port terminal operator **Aegis Vopak Terminals** ($330mm) rose +9%. Two sizable China A-shares traded up in their debuts.

**The Week Ahead:** Nordic construction group **Sentia** ($140mm) is scheduled to list in Oslo, while shopping center REIT **Paradigm REIT** ($130mm) is set to debut in Malaysia.

**The Pipeline:** In Australia, medical imaging firm **I-MED Radiology** and residential community operator **GemLife** are both in talks for Sydney IPOs. Philippine regulators approved the listing of water utility **Maynilad Water Services** ($600mm). Global retailer MINISO hired banks for a Hong Kong IPO of its toy business **TOP TOY**.

India's regulators approved a slew of sizable IPOs, including chemicals maker **Dorf-Ketal**, non-bank lender **HDB Financial Services**, and solar module maker **Vikram Solar**. Non-bank lender **Tata Capital** is also close to clinching a nod. Coal coke producer **BCCL** submitted filings, while contract manufacturer **Aequs** confidentially filed.

Leading Portuguese bank **novobanco** approved a board resolution to pursue an IPO. UK-based cafe chain **Pret A Manger** is reportedly in talks for an IPO. German auto parts retailer **Autodoc** is close to announcing listing plans.

Thanks for reading,  
 -Matt Kennedy, *Senior Strategist*  
-Angelo Bochanis, *Data Analyst* 

Renaissance International IPO ETF (NYSE symbol: IPOS) tracks the Renaissance International IPO Index 

The Renaissance International IPO Index returned 1.7% last week vs. 1.8% for the iShares MSCI ACWI ex U.S. ETF.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**