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.