--- title: "International IPO Weekly Winners & Losers" type: "News" locale: "en" url: "https://longbridge.com/en/news/293849799.md" description: "International IPO markets stabilized last week, with the Renaissance International IPO Index rising 1.9%. Montage Technology led gains (+30.4%), while Destek Faktoring fell (-18.8%). India's SBI Funds Management debuted modestly (+2%). Upcoming major listings include CXMT in Shanghai and Zhongji Innolight in Hong Kong, alongside several Indian and African debuts. The pipeline features significant tech and industrial IPOs in India, Hong Kong, London, and Australia." datetime: "2026-07-26T16:00:22.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293849799.md) - [en](https://longbridge.com/en/news/293849799.md) - [zh-HK](https://longbridge.com/zh-HK/news/293849799.md) --- # International IPO Weekly Winners & Losers **International IPO Index:** International markets stabilized this week, as the Renaissance International IPO Index rose +1.9%, while the ACXW ex-US ETF inched up +0.1%. Hong Kong-listed chip designer **Montage Technology** led the pack, up +30.4%, while Istanbul-listed factoring services provider **Destek Faktoring** fell another -18.8% to take the bottom spot for a second straight week. **Big Development:** India's largest listing of the year, asset manager **SBI Funds Management** ($1.0B), treaded water in its debut, up a mere +2%. The billion-dollar deal comes as more names in the country eye listings in the coming months. **Latest Listings:** In Canada, exploration-stage gold miner **Cadillac Mines** ($260mm) inched up +3%. Autonomous driving software firm **TIER IV** ($140mm) ticked up +2% in Tokyo. Two China A-share IPOs also debuted, and traded up. **The Week Ahead:** Asia is gearing up for the continent's two largest listings of 2026 so far. In Shanghai, chipmaker **CXMT** ($8.5B) is set to have the largest A-share IPO in over 16 years, and mainland-listed optical module maker **Zhongji Innolight** ($7.0B) is set for Hong Kong's largest listing since 2019. In India, industrial parts maker **Indo-MIM** ($390mm) and textile equipment maker **Lohia** ($110mm) are scheduled to debut. Telecom firm **Unitel** ($310mm) is set for a rare Angolan IPO. **The Pipeline:** More deals are set to debut in India in the coming weeks, including hospital operator **Manipal Hospitals** ($940mm) and dairy products maker **Milky Mist**. Several sizable names have also hired banks for Indian IPOs, including electric utility **Mahavitaran**, adtech **InMobi**, and Coca-Cola's Indian bottler **Hindustan Coca-Cola**. Hong Kong is readying for more tech listings. Humanoid robot maker **AgiBot** tapped banks, GPU maker **MetaX** confidentially filed, while AI model developer **Moonshot AI** confirmed its plans for an IPO. Africa-focused fintech **Airtel Money** announced plans to list in London this year. US-based cybersecurity firm **Point Wild** tapped Goldman Sachs for an Australian 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 1.9% last week vs. 0.1% for the iShares MSCI ACWI ex U.S. ETF. ### Related Stocks - [03308.HK](https://longbridge.com/en/quote/03308.HK.md) - [06809.HK](https://longbridge.com/en/quote/06809.HK.md) - [688008.CN](https://longbridge.com/en/quote/688008.CN.md) - [688825.CN](https://longbridge.com/en/quote/688825.CN.md) - [IPOS.US](https://longbridge.com/en/quote/IPOS.US.md) - [ACWX.US](https://longbridge.com/en/quote/ACWX.US.md) - [300308.CN](https://longbridge.com/en/quote/300308.CN.md) - [AAF.UK](https://longbridge.com/en/quote/AAF.UK.md) ## Related News & Research - [CXMT becomes China's biggest listed company by market cap after blockbuster IPO](https://longbridge.com/en/news/293879625.md) - [Exclusive-CXMT plans second chip plant in Beijing and is in talks on its funding, sources say](https://longbridge.com/en/news/294663191.md) - [Montage Technology files HKEX next-day disclosure return reporting share buyback for treasury shares](https://longbridge.com/en/news/294209491.md) - [Montage Technology files HKEX next-day disclosure return on share repurchase for treasury shares](https://longbridge.com/en/news/294673236.md) - [Innolight said to price Hong Kong IPO below maximum, Bloomberg News reports](https://longbridge.com/en/news/293883625.md)