---
title: "International IPO Weekly Winners & Losers"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276010216.md"
description: "International IPOs saw significant movement this week, with the Renaissance International IPO Index rising 7.8%. JX Advanced Metals led the winners with a 33.2% increase, while Verisure fell 13.5%. Montage Technology's Hong Kong IPO surged 73%. Upcoming listings include Fractal Analytics and Aye Finance in India. The IPO pipeline remains active with several companies planning listings in various markets, including Huaqin in Hong Kong and Prodalim in Tel Aviv."
datetime: "2026-02-15T17:00:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276010216.md)
  - [en](https://longbridge.com/en/news/276010216.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276010216.md)
---

# International IPO Weekly Winners & Losers

**International IPO Index:** International new stocks soared this week, as the Renaissance International IPO Index jumped +7.8%, compared to a +1.7% gain for the ACWX ex-US ETF. Several Tokyo-listed names topped the list of winners, led by metals company **JX Advanced Metals**, which traded up +33.2% on strong earnings. Stockholm-listed security systems provider **Verisure** fell -13.5% to take the bottom spot.

The Renaissance International IPO Index is now up +17.8% YTD, following a +37.2% rise in 2025.

**Big Development:** Another Hong Kong chip IPO surged this week, as chip designer **Montage Technology** ($900mm) popped +73% in its cross-listing. Hong Kong has had six sizable semiconductor debuts this year, five of which have traded up.

**Latest Listings:** Hong Kong hosted a handful of other notable deals this week. Industrial machinery maker **Lead** ($630mm) ticked down -1%, chip designer **Axera** ($380mm) traded flat, and cable maker **Woer** ($360mm) inched up +3%. Mainland China's A-share market also hosted three sizable IPOs, which all traded up.

**The Week Ahead:** Two $100mm+ Indian IPOs are set to list next week. Enterprise AI provider **Fractal Analytics** ($310mm) and non-bank lender **Aye Finance** ($110mm) are currently on the calendar.

**The Pipeline:** India's pipeline continues to be active. The **NSE of India** appointed Rothschild for a planned IPO, while renewable power generator **CleanMax** raised pre-IPO funding. Leading mobile payments platform **PhonePe** is reportedly planning to launch its listing in April.

Electronics manufacturer **Huaqin** is reportedly planning a Hong Kong listing that could come this quarter. In Malaysia, healthcare provider **Sunway Healthcare** is working with banks to submit new papers. Beverage ingredients provider **Prodalim** filed for a Tel Aviv IPO. Event planning firm **Richard Attias & Associates** tapped banks for a Tadawul IPO. Australia-based data center firm **Firmus** reiterated its intent to go public this year. **KTZh**, the national rail company of Kazakhstan, is weighing a potential billion-dollar 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 7.8% last week vs. 1.7% for the iShares MSCI ACWI ex U.S. ETF.

### Related Stocks

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

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