---
title: "International IPO Weekly Winners & Losers"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/277364040.md"
description: "International IPO markets showed mixed results this week, with the Renaissance International IPO Index down -0.9% and the ACWS ex-US ETF up +0.4%. Tokyo's JX Advanced Metals rose +22.7%, while Rakuten Bank fell -29.0%. Hong Kong's IPO market is set to resume with three listings in March. Upcoming IPOs include South Korean K Bank and Indian Clean Max. India's IPO activity is picking up, with several companies planning listings. Notable IPOs are also launching in Singapore and Hong Kong, including Syngenta's potential $10 billion IPO."
datetime: "2026-03-01T17:00:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277364040.md)
  - [en](https://longbridge.com/en/news/277364040.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277364040.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/277364040.md) | [繁體中文](https://longbridge.com/zh-HK/news/277364040.md)


# International IPO Weekly Winners & Losers

**International IPO Index:** International markets posted mixed results this week, with the Renaissance International IPO Index down -0.9%, and the ACWS ex-US ETF up +0.4%. The International IPO Index is still near a three year high. Tokyo-listed names took the top and bottom spots, with metals company **JX Advanced Metals** trading up +22.7%, and digital bank **Rakuten Bank** falling -29.0%.

**Big Development:** After a brief pause for the Lunar New Year, Hong Kong's IPO market is back, and three deals are now set to list in early March: Gearbox maker **Zhaowei** ($250mm), industrial robot maker **ESTUN** ($210mm), and communication module maker **MeiG** ($130mm).

**Latest Listings:** No major international IPOs debuted this past week.

**The Week Ahead:** At least four IPOs are scheduled, including South Korean online bank **K Bank** ($340mm), Indian renewable power generator **Clean Max** ($330mm) which has seen a weak bookbuild, Kuwaiti convenience store chain **Trolley** ($190mm), and Romanian electrical equipment maker **Electro-Alfa** ($140mm).

**The Pipeline:** India's recent IPO activity has underwhelmed, but more companies are now lining up to list. The **NSE of India** invited banks to pitch for its planned blockbuster IPO, while **Carlsberg India** hired banks for its own listing. Electronic control unit manufacturer **SEDEMAC** ($120mm) launched an IPO, while office REIT **Bagmane REIT** and data center carve-out **Sify Infinit Spaces** are also targeting March listings.

Singapore's Boustead launched an IPO for **its logistics and industrial REIT** ($770mm), while healthcare provider **Sunway Healthcare** ($740mm) launched a Malaysian IPO. Submarine equipment maker **Gabler Group** ($130mm) launched a Frankfurt listing. In Hong Kong, agrochemical giant **Syngenta** is closer to a potential $10 billion IPO. Canada-based drugmaker **Apotex** hired banks for a listing. Oil well pump maker **AlKhorayef Petroleum** tapped banks for a Tadawul IPO. Brazil's Cosan said it is weighing a listing of **Compass Gas**.

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. 0.4% for the iShares MSCI ACWI ex U.S. ETF.

### 相关股票

- [SYNGENTA N2604 (05557.HK)](https://longbridge.com/zh-CN/quote/05557.HK.md)
- [Rakuten Group, Inc. (4755.JP)](https://longbridge.com/zh-CN/quote/4755.JP.md)

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