Advertisement
Advertisement
TOPIC

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.
Zhipu and MiniMax are spearheading the new trend of listing first in Hong Kong before selling shares in mainland China. Photo: Shutterstock
Stocks

Why Hong Kong is now the launch pad for mainland China’s AI champions

City emerges as a price-discovery hub, with mainland AI firms reversing a decades-old dual-listing order to secure global benchmarks.

SpaceX

Editorial | SpaceX IPO lift-off could test global equity bull run

Robotics

Unitree clears Shanghai IPO hurdle as China’s humanoid robot wave gathers pace

Hong Kong economy

Open Questions | Hong Kong must embrace ‘bipolar’ role to thrive in its ‘Stage 3.0’: Charles Li

Veteran deal maker urges an IPO link to lure global resource giants and turn Chinese buyers into owners as city solidifies role as East-West bridge and global capital hub.

videocam
Illustration: Victor Sanjinez
Artificial intelligence

AI firm MiniMax prepares for mainland China listing after Hong Kong shares surge

Chinese AI model company hires Citic Securities to prepare a mainland share sale, with the listing venue yet to be confirmed.

videocam
HKEX

As Hong Kong stock exchange turns 40, can the chip supercycle keep IPOs flowing?

US$6.1 trillion exchange marks its 40th year amid fierce global competition, as brokers see challenges sparking opportunities.

Advertisement
Advertisement
Advertisement
HKEX

HKEX revamps Tech 100 Index as benchmark struggles to keep pace with AI rally

Seven firms including Hesai, Geekplus and Deepexi join the index as investors question whether local benchmarks reflect fast-rising AI sector.

An exterior view of Exchange Square in Central, home to Hong Kong Exchanges and Clearing, on March 13. Photo: Jelly Tse
Banking & finance

China’s private funds see assets soar by over US$400 billion amid tech boom

Chinese investors are putting more money into private equity, venture capital and other private funds amid a surge in tech investment.

videocam
Hong Kong economy

Opinion | Cross-border wealth hub crown latest sign Hong Kong is roaring back

City overtook Switzerland in BCG wealth report, underscoring vital ‘superconnector’ role between mainland and international capital markets.

HKEX

HKEX revamps US$812 million headquarters with new entrance, museum in Central

HKEX official says project aims to create ‘a future-ready, globally recognised hub’ and ‘more prominent branding in the heart of Central’.

HKEX celebrates 40 years of Hong Kong’s modern stock exchange with Cathay Pacific, with Cathay Group chairman Guy Bradley (left) and HKEX chairman Carlson Tong Ka-shing (right). Photo: Jonathan Wong
Artificial intelligence

China’s MiniMax records 1-million client base, fivefold growth in half a year

Its global user base reaches 300 million while ARR more than doubles in two months, though company reports large total losses.

A Minimax logo displayed on a smartphone screen. Photo: Shutterstock Images
HKEX

Open Questions | Charles Li on making Hong Kong a magnet for global IPOs

As HKEX CEO, Charles Li forged Stock Connect link to mainland markets. He says an ‘IPO connect’ could draw international companies to list in Hong Kong.

videocam
Banking & finance

Hong Kong beats Switzerland as world’s largest offshore wealth hub, BCG finds

City tops cross-border wealth on IPO surge and mainland China inflows, as Singapore and US trail in consultancy’s global rankings.

10
China stock market

Unitree’s IPO progress spurs stock buying of firms with exposure to robot maker

As the robot manufacturer moves a step closer to its IPO, stocks of its investors and supply chain makers have shot up.

An electronic board shows stock prices below a pedestrian bridge in the Lujiazui financial district in Shanghai. Photo: Reuters
Artificial intelligence

As China’s humanoid-robot hype cools, Unitree sees profit plunge

A filing shows adjusted profit fell 53 per cent, even as revenue continued to rise, highlighting tough competition in humanoid robot sector.

A Unitree humanoid robot displayed during an international exhibition on AI in Cannes, France, on February 12. Photo: EPA
SpaceX

How Hong Kong investors can gain exposure to SpaceX’s record-breaking US$75b IPO

Options for potential exposure include brokerages offering access to US stocks, buying into SpaceX’s partners, and exchange-traded funds.

Hong Kong stock market

SpaceX share sale won’t drain Hong Kong IPO boom, JPMorgan says

Bank sees strong demand for Chinese AI, robotics and healthcare listings despite SpaceX’s projected record-breaking IPO in the US.

Advertisement
Advertisement
Advertisement
Artificial intelligence

China’s AI start-up funding triples in first quarter amid bets on LLMs, robotics

The fundraising boom follows years of state-led efforts to channel capital into strategic sectors such as chips, AI and manufacturing.

AI-related start-ups in China secured more than 110 billion yuan in the first three months of the year. Photo: Shutterstock Images
SpaceX

SpaceX’s US$75 billion IPO sparks liquidity fears as Fed rate-increase odds rise

The blockbuster offering’s repercussions could be far-reaching, drawing capital away from Hong Kong and the broader Asia-Pacific region.

Semiconductors

What is YMTC, the latest contender in China’s memory-chip IPO push?

As China’s memory-chip giants YMTC and CXMT progress towards IPOs, they shine a spotlight on Beijing’s tech self-sufficiency ambitions.

HKEX

Hong Kong set to be ousted by Nasdaq as world’s biggest IPO market

International investors remain interested in Hong Kong tech listings due to attractive valuations, UBS and JPMorgan say.

Nasdaq is set to become the world's biggest IPO market this year with the SpaceX listing. Photo: Reuters
Artificial intelligence

Why is Chinese DRAM maker CXMT’s IPO attracting so much attention?

ChangXin Memory Technologies is sparking investor interest as DRAM profits soar, AI drives shortages and China pushes for chip self-reliance.

ChangXin Memory Technologies (CXMT) has seen profits increase amid the rising price of memory. Photo: Handout
Aerospace: Companies

Top Numerical Control rides fervour for aerospace to 80% IPO gain

Revenue from aviation and aerospace manufacturing equipment has accounted for around 90 per cent of its total since 2022.

Technology

Opinion | Quantum IPO wave is a milestone. It should also come with a warning

Like with the dotcom bubble, investors are piling into companies exploring technologies with a commercial future that is not yet clear.

Artificial intelligence

China’s Moonshot AI moves to unwind offshore structure in IPO pursuit: sources

Beijing-based unicorn tells shareholders it will dismantle VIE model as regulators tighten oversight, as shift may signal new era for foreign tech investment.

videocam
Founder of Moonshot AI Yang Zhilin speaks at the 2026 Zhongguancun Forum in Beijing on March 25. Photo: Reuters
Millionaires and billionaires

US jury rules against Musk in OpenAI feud, finding lawsuit came too late

Jurors deliberate for less than two hours before tossing Elon Musk’s breach-of-contract claims against OpenAI and its founders.

A jury rejected Elon Musk’s claims that OpenAI under Sam Altman’s leadership betrayed its mission to benefit the public. Photo: AFP
Semiconductors

CXMT’s soaring profits lift China’s semiconductor stocks

The Hefei-based DRAM producer reported revenue of US$7.4 billion in the first quarter, up 719 per cent from a year earlier.

Artificial intelligence

Kimi developer Moonshot AI valued at US$20b as it navigates new IPO rules

Firm raised US$2 billion from investors including Meituan’s venture and China Mobile, taking total to US$3.9 billion in the last six months.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement