Huatai Securities, a mid-sized brokerage firm in China, raised $4.5 billion in its Hong Kong IPO. The China-based company now commands a market value of $22.4 billion and qualifies for inclusion in the Renaissance International IPO ETF at the market’s close on June 5, 2015…..
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The Renaissance International IPO ETF (NYSE Ticker: IPOS) is a portfolio of the largest, most liquid non-U.S. listed newly public companies ahead of 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.
Source: ETFWorld.com
WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)
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