---
title: "International IPO Weekly Winners & Losers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282451586.md"
description: "International markets experienced a significant surge this week, with the Renaissance International IPO Index rising by 10.8%, its best performance in years. Notable movements included Kioxia's 42.9% increase and CSG's 13.4% decline. The Hong Kong IPO market is reviving, with three major listings this week. Upcoming listings include Sigenergy, Gpixel, and Manycore Tech in Hong Kong, while various companies in India, Japan, and Nigeria are preparing for IPOs. The Renaissance International IPO Index has returned 17.1% year-to-date and 77.8% over the past year."
datetime: "2026-04-12T16:00:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282451586.md)
  - [en](https://longbridge.com/en/news/282451586.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282451586.md)
---

# International IPO Weekly Winners & Losers

**International IPO Index:** International markets surged this week on the prospect of a ceasefire in the Middle East. The Renaissance International IPO Index shot up +10.8%, its best week in years, outperforming the ACWX ex-US ETF's +4.9% gain. Tokyo-listed memory chip maker **Kioxia** soared +42.9% on reports of a potential dividend, while Amsterdam-listed ammunition maker **CSG** fell -13.4% to take the bottom spot.

The Renaissance Int'l Index has now returned +17.1% year-to-date, and +77.8% over the past year.

**Big Development:** After a brief pause, the ceasefire seems to have restarted Hong Kong's busy IPO market. Three sizable names launched this week, and a large backlog could soon follow suit.

**Latest Listings:** Three sizable listings took place in China's A-share market, all of which jumped over +160%, featuring drones, metals, and circuit boards.

**The Week Ahead:** In Hong Kong, energy storage system maker **Sigenergy** ($560mm) is set to list. Chip sensor designer **Gpixel** ($330mm) and design software provider **Manycore Tech** ($150mm) are also scheduled to debut in the city.

**The Pipeline:** In India, the **NSE** reportedly met with banks to start drafting its prospectus, while dairy products maker **Milky Mist** reaffirmed its IPO plans. Hospital operator **Asia OneHealthcare** tapped banks for a Malaysian IPO. In Japan, ride-hailing app **GO** and HR platform **SmartHR** are reportedly working with banks for Tokyo IPOs.

Restaurant franchiser **Rex Concepts** announced its intent for a Warsaw IPO. In Australia, job search platform **swipejobs** tapped Barrenjoey for an IPO that could come late this year. Nigeria-based oil refiner **Dangote Refinery** met with various African stock exchanges to discuss cross-exchange access to its stock, as it works towards a blockbuster Lagos IPO.

Thanks for reading,  
\-Angelo Bochanis, _Data Analyst_  
\-Matt Kennedy, _Senior Strategist_

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

The Renaissance International IPO Index returned 10.8% last week vs. 4.9% for the iShares MSCI ACWI ex U.S. ETF.

### Related Stocks

- [CSGS.US](https://longbridge.com/en/quote/CSGS.US.md)
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