Samsung SDS, IT solutions business of Samsung Group, raised $1.1 billion. The South Korea-based company now commands a market value of $13.7 billion and qualifies for inclusion in the Renaissance International IPO ETF at the market’s close on November 20, 2014….
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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 non-U.S. 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
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