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IPO

IPO
Latest news and analysis on initial public offerings (IPOs), with a particular focus on companies raising funds on the Hong Kong Stock Exchange.
“Hong Kong has every opportunity to shape, innovate and lead,” according to the FSDC. Photo: Sam Tsang
Banking & finance

Hong Kong needs to attract global champions to broaden fundraising base: FSDC

Think tank urges the expansion of connect schemes to cover a wider range of asset classes and the promotion of digital asset trading.

China stock market

‘China’s little Nvidia’ warns of overheating risks after 723% share surge

Banking & finance

China’s generative AI tiger MiniMax pursues Hong Kong IPO to expand global reach

JD.com

Faltering debut for Jingdong Industrials as US$383 million Hong Kong IPO dips 2.6%

JD.com’s business-to-business unit tested investor appetite for Chinese supply-chain technology stocks.

Jingdong Industrials has been operating as a stand-alone business unit of JD Group since 2017. Photo: Reuters
Semiconductors

China’s Moore Threads to unveil AI chip road map to rival Nvidia’s CUDA system

Founder Zhang Jianzhong is expected to launch the firm’s next-generation AI chip architecture and MUSA platform road map in Beijing.

Banking & finance

Hong Kong’s IPO juggernaut projected to raise up to US$45 billion in 2026: KPMG

It will be a pivotal year for hi-tech listings, which will help cement Hong Kong’s place at the top of global markets, auditing firm says.

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Hong Kong property

Hongkong Land’s leasing deal with major law firm a sign of ‘flight to quality’

Harneys’ new lease is a sign of firmer demand in prime locations after years of pressure, although citywide rents remain subdued.

An Alexandra House sign at Landmark in Central, December 7, 2023. Photo: Shutterstock Images
Hong Kong

HashKey aims for US$214 million in Hong Kong IPO amid Beijing’s crypto pressure

Retail investors oversubscribe crypto exchange operator’s offering despite China central bank’s tough stance on virtual assets.

Liang Wenfeng

DeepSeek founder Liang Wenfeng cleans up on chip firm Moore Threads’ IPO

Liang’s quantitative hedge fund, High-Flyer, subscribes to more than 80,000 Moore Threads shares, which saw a stellar trading debut in Shanghai.

Artificial intelligence

China AI chipmaker MetaX draws more IPO investors than Moore Threads

More than 5 million investors vied for allotments in the chipmaker’s share offering, which aims to raise US$594 million.

videocam
Founded in 2020, MetaX is viewed as one of China’s best hopes to develop chips that can rival Nvidia’s high-performance AI processors. Photo: Handout
Banking & finance

Exclusive | Meet the Illinois farmer sowing the seeds of the world’s biggest IPOs of 2026

Jeff Rowe, a fifth-generation Illinois farmer, runs a Chinese-owned Swiss company in Basel that is aiming for one of the world’s largest IPOs in Hong Kong, due in 2026.

Jeff Rowe, the CEO of Syngenta, at his family farm in the US state of Illinois on September 30, 2025. Photo: Anthony Collins/Handout
China stock market

Moore Threads shares dazzle with fivefold jump in Shanghai debut

Moore’s shares began trading at 650 yuan amid a declining market, a 468 per cent jump from their initial public offering price of 114.28 yuan.

Artificial intelligence

China’s top AI chip firms set for bumper IPOs as Nvidia kept out of market

Shanghai-based MetaX set its IPO pricing at 104.66 yuan, according to a company filing on Wednesday.

Cryptocurrency

HashKey’s IPO seeks US$300 million under shadow of Beijing’s regulatory scrutiny

HashKey is likely to debut on the Hong Kong stock exchange within the next two to three months ‘if it receives adequate investor interest’.

HashKey on Monday cleared its Hong Kong listing hearing after a confidential filing earlier this year. Photo: Handout
Hong Kong property

Ex-banker sells Deep Water Bay home, then signs a lease at The Peak

Sany non-executive director Lawrence Lam signed a HK$525,000-a-month lease on The Peak, underscoring a growing appetite for top-tier rents.

Aerial view of luxury residential buildings on The Peak. Photo: Roy Issa
Banking & finance

China’s JD.com unit Jingdong Industrials aims for US$412 million Hong Kong IPO

Seven cornerstone investors led by London-based M&G Investments pledge a total of US$170 million.

Banking & finance

From chips to noodles: the newcomers testing Hong Kong’s buoyant IPO market

A wave of billion-dollar offerings is building behind four new listings this week, signalling sustained momentum in Hong Kong’s IPO market.

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Banking & finance

Healthcare and tech to drive Asia-Pacific private equity deals amid slower growth

Asia-Pacific private equity managers are forecasting higher returns and fewer geopolitical risks than peers elsewhere, a new survey finds.

Healthcare is one of the sectors expected to drive private equity deals in 2026. Photo: Shutterstock
Mainland China

Mainland Chinese miner Zijin’s founder who built US$100 billion firm retires

Chairman Chen Jinghe, 68, will become honorary chairman and senior consultant; he says it is the best time to transition to a new leadership.

Banking & finance

Hong Kong crypto exchange HashKey wins listing nod in test of investor appetite

HashKey could raise around US$300 million this month amid Hong Kong’s push to develop its digital asset sector.

Mainland China

Gold fever in China

Prices for the precious metal have hit record highs spurred by Chinese retail investors and central bank purchases.

Gold fever in China
Hong Kong economy

Hong Kong’s finance chief seeks to attract Italian company listings on HKEX

Financial Secretary Paul Chan touted bilateral trade ties and a shared passion for creativity in his speech to the Trade Development Council.

Hong Kong Financial Secretary Paul Chan, seen on Tuesday at a dinner hosted by the Hong Kong Trade Development Council, hopes to encourage Italian firms to invest in Hong Kong. Photo: Handout
Hong Kong stock market

Hong Kong investors still flock to US tech stocks despite bubble fears

Individual traders are adhering to a ‘buy the dip’ strategy, Interactive Brokers’ David Friedland says.

Hong Kong property

‘No acne’ salon boss snaps up US$19.58 million Ho Man Tin luxury duplex

The director behind Hong Kong’s “no acne” salon has bought into the Ultima development, putting a fresh face on the city’s luxury market.

Hong Kong property

Hong Kong and Singapore prime office rents set to equalise by 2027: CBRE

The projected increase in Singapore’s office rents could influence how companies allocate manpower between the two cities.

Prime office rents in Hong Kong and Singapore are set to reach parity within two years. Photo: Sun Yeung
Hong Kong economy

Hong Kong’s HK$19 trillion in bank deposits proves safe haven status: Paul Chan

Finance chief also says city’s goods exports have remained resilient despite tariff war.

International capital continues to show a strong interest in Hong Kong, according to finance chief Paul Chan. Photo: Sam Tsang
Banking & finance

3SBio spin-off Mandi banks on hair-loss and weight-loss drugs in Hong Kong IPO

As 3SBio lines up a Hong Kong spin-off for its hair-loss unit Mandi, the subsidiary is preparing a drug pipeline aimed at acne and obesity.

Stocks

Video | Shares in Baby Shark creator soar on IPO debut

The 90-second earworm about a family of sharks has become the most-watched video on YouTube.

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