Danish state-owned utility focused on offshore wind power Dong Energy (DENERG.DC), raised $2.6 billion on Thursday June 9. At the pricing terms, Dong Energy is going public with a market cap of $15 billion and qualifies for inclusion in the Renaissance International IPO ETF at the market's close on June 17, 2016.
The Renaissance International IPO ETF is designed to provide investors with efficient exposure to a portfolio of non-U.S. listed newly public companies ahead of their inclusion in core equity portfolios. By tracking the rules-based Renaissance International IPO Index designed by Renaissance Capital research to hold the largest, most liquid newly-listed non-U.S. IPOs, the Renaissance International IPO ETF includes the most economically significant newly public companies.