---
title: "International IPO Weekly Winners & Losers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291061945.md"
description: "International IPO markets faced a slight pullback amid AI concerns, with the Renaissance International IPO Index down 1.0%. Hong Kong remained active with nine major listings raising over $3 billion, featuring significant gains for SG Micro and Circuit Fabology. July promises more activity from firms like Zhongji Innolight and Luxshare. Global pipeline includes upcoming listings in Singapore, Europe, Manila, Australia, Egypt, and Warsaw."
datetime: "2026-06-28T16:02:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291061945.md)
  - [en](https://longbridge.com/en/news/291061945.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291061945.md)
generator: "portal-rs"
---

# International IPO Weekly Winners & Losers

**International IPO Index:** International markets pulled back slightly this week, amid AI-driven worries. The Renaissance International IPO Index ticked down -1.0%, while the ACWX ex-US ETF dropped -2.7%. Hong Kong-listed names once again took the top and bottom spots, as CRO **Wuxi XDC Cayman** rose +17.8%, and electronics manufacturer **Huaqin** traded off -20.1%.

**Big Development:** Hong Kong's IPO market had another hot week with nine sizable listings that raised over $3 billion combined. July could be even busier, with potential billion-dollar listings from optical module maker **Zhongji Innolight**, electronics manufacturer **Luxshare**, and autonomous driving firm **Momenta**.

**Latest Listings:** IPO activity this week was mostly confined to China; in addition to the nine $100mm+ listings in Hong Kong, two more debuted in Mainland China. Among the largest deals in Hong Kong were robot developer **LY iTech** ($1.1B), which inched down -5%, integrated circuit designer **SG Micro** ($590mm), which jumped +47%, and lithography equipment maker **Circuit Fabology** ($410mm), which surged +104%.

**The Week Ahead:** In Hong Kong, five more $100mm+ names are set to list, including electronics accessories maker **Anker** ($590mm), optical products maker **Crealights** ($200mm), and kidney biotech **Alebund** ($160mm). Multifamily real estate developer **ROBYG** ($310mm) is also scheduled to debut in Warsaw.

**The Pipeline:** Medical clinic operator **Foundation Healthcare** ($170mm) launched an IPO in Singapore. In Europe, intentions to float came from tank maker **KNDS** and Italy-based gold and jewelry dealer **Gens Aurea**. Philippine data center REIT **VITRO** announced its intent for a Manila IPO, while payments platform **Mynt** nears its own Manila IPO filing. In Australia, construction firm **FDC** is also close to filing papers. Egypt-based digital lender **MNT-Halan** tapped banks for an IPO. In Hong Kong, mobile robot developer **Coowa** also tapped banks.

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 -1.0% last week vs. -2.7% 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.**