IPO Winners & Losers

IPO Winners & Losers: SK hynix, Mega IPOs, and Hidden Volatility


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Welcome back to Renaissance Capital's IPO Winners and Losers, the weekly podcast breaking down the biggest stories shaping the IPO market.

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This week:
• SK hynix raises $26.5 billion in one of the largest new listings ever
• US IPO proceeds approach 2021’s all-time record after a massive 30-day run
• AI infrastructure continues to define the 2026 IPO market
• Csquare and Standard Nuclear test demand for data centers and nuclear fuel
• IPO volatility stays high beneath a calm-looking VIX

We also discuss why SK hynix’s US listing could become a template for foreign AI supply-chain companies, why mega IPOs and AI infrastructure are driving this year’s record-setting market, and why investors still need to watch concentration risk as the IPO rebound goes global.

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IPO Winners & LosersBy Renaissance Capital