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IPO News – Weekly International IPO Winners and Losers

IPO News – Weekly International IPO Winners and Losers

 


International IPO Index: The international IPO market fell for a third week in a row, down -3.9%, while the MSCI ACWI ex-US ETF rose +0.2%. Property Manager in Hong Kong Onewo was the IPO winner of the week, up +11.1%. Indonesian power producer Barito Renewables landed back on the bottom this week, down -26.4% after FTSE Russell reversed its decision to include the stock in its Global Equity Index Series.

Major development: Europe's IPO market scored another win, as the French manufacturer of night vision equipment Exosens (380mm) had a warm reception at its IPO in Paris. The company increased its share offering amid strong demand and ended up +13%.

Latest listings: In Saudi Arabia, the hospital operator Fakeeh Care Group (760 mm) traded up +6%, while the water and wastewater infrastructure operator Shut your mouth (150 mm) increased +30%. Japanese satellite services firm Astroscale (130mm) grew +19% in Tokyo.

Next week: Europe's IPO recovery will get another test next week as a computer hardware maker Raspberry Pi will debut in London. The Middle East is set to see IPOs from online education firms Aleph Education (510 mm) in Abu Dhabi and investment company BIG Holding (150 mm) in Kuwait. In Hong Kong, the AI-powered drug development platform XtalPi (130 mm) is set to begin trading.

Pipeline: Global retailer of fast fashion SHEIN is said to be preparing to file for a successful IPO in London. Indian Home Lenders Bajaj Housing Finance received approval from its board for an IPO. In the Middle East, fragrance retailers Arabic oud hired banks for an IPO of the Saudi Tadawul, while the United Arab Emirates Etihad Airways reaffirmed plans for an IPO. Australian based Mexican restaurant chain Guzman and Gomez (220 mm) increased the size of the planned mid-June listing in Sydney, while Virgin Australia said it is ready for a local IPO. Life insurance FWD group is said to be reviving its Hong Kong IPO plans after scrapping them last fall.

take care,

– Matt Kennedy, Senior strategist
-Angelo Bochanis, Data Analyst

Weekly International IPO Winners and Losers
Top 5
Onewo 2602.HK 11.1%
SenseTime 20.HK 9.8%
Ionos Group IOS.GR 7.3%
Wise (TransferWise) WISE.LN 4.8%
Sichuan Kelun-Biotech Biopharmaceutical 6990.HK 3.5%
Down 5
Barito Renewable Energy BREN.IJ -26.4%
Shanghai MicroPort MedBot Group 2252.HK -17.2%
GoTo Gojek Tokopedia GOTO.IJ -10.8%
Socionext 6526. JP -10.0%
ZLDA group 6979.HK -8.8%
sector
Real estate 5.4%
Communication Services 1.3%
Consumer Discretion -0.7%
technology -0.9%
industrial -2.2%
finances -2.3%
mATERIALS -3.0%
Health care -4.5%
POWER -5.1%
Consumer staples -6.5%
Municipal services -9.1%

Renaissance International IPO Performance Index

The Renaissance International IPO ETF (NYSE symbol: IPOS ) tracks the Renaissance International IPO Index

The International IPO Renaissance Index is back -3.9% last week vs. 0.2% for the iShares MSCI ACWI ex US ETF.

Sources

1/ https://Google.com/

2/ https://www.renaissancecapital.com/IPO-Center/Winners-Losers/738

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