Spanish airport operator Aena (AENA.SM) and Swiss telecommunications company Sunrise Communications (SRCG.SS) have raised $4.8 billion and $2.1 billion in their respective IPOs. These companies now both qualify for inclusion in the Renaissance International IPO ETF at the market's close on February 17, 2015.
The Renaissance International IPO ETF ( IPOS ) is a portfolio of the largest, most liquid non-U.S. listed newly public companies prior to their inclusion in core equity portfolios. International IPOs that pass Renaissance Capital's formulated screening process are weighted by investable market capitalization, capped at 10% and remain in the index for two years until they become seasoned equities.
The article Two major global IPOs set to enter the Renaissance Int'l IPO ETF ( IPOS ) originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.