--- title: "International IPO Weekly Winners & Losers" type: "News" locale: "en" url: "https://longbridge.com/en/news/294610169.md" description: "International IPO markets showed mixed performance, with the Renaissance International IPO Index down 0.9%. Chinese chipmaker CXMT surged 523% in Shanghai's largest 2026 IPO, surpassing Tencent in market cap. Other notable listings included Zhongji Innolight in Hong Kong and several Indian firms like Indo-MIM. Upcoming pipelines feature Manipal Hospitals, Unitree Robotics, Moonshot AI, and Dangote Refinery." datetime: "2026-08-02T16:00:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294610169.md) - [en](https://longbridge.com/en/news/294610169.md) - [zh-HK](https://longbridge.com/zh-HK/news/294610169.md) --- # International IPO Weekly Winners & Losers **International IPO Index:** International markets had a mixed week, with the Renaissance International IPO Index off -0.9% and the ACWX ex-US ETF up +1.6%. Hong Kong-listed LLM developer **Minimax** was this week's top performer, up +17.7%. Hong Kong-listed GPU developer **Iluvatar CoreX** was the worst performer, down -24.4%, as several chip names sold off amid AI worries. **Big Development:** Chinese chipmaker **CXMT** ($8.5B) captivated the world this week, as Asia's largest IPO of 2026 soared an impressive +523% in Shanghai. The eye-watering pop made it China's largest publicly-traded company by market cap, surpassing Tencent. **Latest Listings:** Another huge listing took place in Hong Kong, as optical module maker **Zhongji Innolight** ($6.8B) rose a modest +5% in its cross-listing. In India, highway infrastructure trust **Cube Highways Trust** ($520mm) ticked up +3%, industrial parts maker **Indo-MIM** ($400mm) surged +60%, and textile equipment maker **Lohia** ($110mm) rose +26%. Angolan telecom **Unitel** ($330mm) inched up +2% in the country's largest-ever IPO. Morocco-based medical equipment maker **T2S** ($120mm) gained +7% in its Casablanca IPO. **The Week Ahead:** Indian hospital operator **Manipal Hospitals** ($940mm) and renewable power producer **Juniper Green Energy** ($180mm) are both currently scheduled to list in Mumbai. **The Pipeline:** More Indian names could launch in the coming weeks, including student dorm operator **Elevate Campuses** and electric components producer **Dhoot Transmission**. Coal India-backed **Mahanadi Coalfields** invited banks for a potential billion dollar listing. Another big A-share IPO is en route, with robotics developer **Unitree Robotics** said to launch in Shanghai next week. Unitree is known for its humanoid robots that can perform household chores (or dance/kung fu). In Hong Kong, automotive lights producer **Xingyu** filed papers. AI model developer **Moonshot AI** raised funding ahead of a planned 2027 HK IPO after its open-source LLM, Kimi K3, sent shockwaves through Silicon Valley. Oil refiner **Dangote Refinery** submitted its listing application to Nigerian regulators. US-based cybersecurity firm **AlgoSec** is reportedly working with Barclays on a potential London 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 \-0.9% last week vs. 1.6% for the iShares MSCI ACWI ex U.S. ETF. ### Related Stocks - [IPOS.US](https://longbridge.com/en/quote/IPOS.US.md) - [03308.HK](https://longbridge.com/en/quote/03308.HK.md) - [688836.CN](https://longbridge.com/en/quote/688836.CN.md) - [300308.CN](https://longbridge.com/en/quote/300308.CN.md) - [688825.CN](https://longbridge.com/en/quote/688825.CN.md) - [ACWX.US](https://longbridge.com/en/quote/ACWX.US.md) - [00100.HK](https://longbridge.com/en/quote/00100.HK.md) - [09903.HK](https://longbridge.com/en/quote/09903.HK.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [TCEHY.US](https://longbridge.com/en/quote/TCEHY.US.md) - [80700.HK](https://longbridge.com/en/quote/80700.HK.md) - [HTCD.SG](https://longbridge.com/en/quote/HTCD.SG.md) - [TCTZF.US](https://longbridge.com/en/quote/TCTZF.US.md) ## Related News & Research - [‘It’s Not That Simple,’ Says Investor About Micron Stock](https://longbridge.com/en/news/296022896.md) - [Innolight said to price Hong Kong IPO below maximum, Bloomberg News reports](https://longbridge.com/en/news/293883625.md) - [Wagyu.xyz Reports $700 Million in Monero Order Flow and Opens Its Public API to Third-Party Operators](https://longbridge.com/en/news/296087696.md) - [Unitree's 'Superman' Robot Smashes Human Record for Standing Vertical Jump](https://longbridge.com/en/news/296183985.md) - [EXPLAINER-What is Unitree and why are China’s humanoid robot makers racing to list?](https://longbridge.com/en/news/295349610.md)