Samsung SDS, the information technology solutions unit of South Korean conglomerate Samsung, is joining the new Renaissance International IPO ETF (NYSEArca: IPOS), the first exchange traded fund dedicated exclusively to international initial public offerings.

Samsung SDS “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,” according to a statement issued by Renaissance Capital.

IPOS tracks the Renaissance International IPO Index, meaning that like the Renaissance IPO ETF (NYSEArca: IPO), the new ETF is a cap-weighted fund. There is no overlap in holdings between the two ETFs

Like IPO, IPOS has the ability to add “sizable new companies on the fifth day of trading and the rest on scheduled quarterly reviews. Companies are removed after two years when the they become seasoned stocks,” according to Renaissance Capital.

The U.K. is the largest country weight in IPOS at 20.3% while China and Japan each account for over 11% of the new ETF’s geographic weight. [International IPO ETF Comes to Market]

“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,” said Renaissance in the statement.