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.
Chinese artificial intelligence start-up MiniMax Group raised US$711 million in January, the largest in Hong Kong and the third biggest IPO globally for the month. Photo: Shutterstock
Mainland China

Hong Kong back in global IPO spotlight after strongest January in years

IPO pipeline swelled in January, with listing applications tripling year on year and proceeds reaching their second highest level on record.

China economy

3 Chinese firms add to Hong Kong’s IPO boom with US$2 billion in fundraising

Hong Kong economy

Editorial | Hong Kong’s future as a financial centre looks golden

Stocks

Chinese drinks maker Eastroc’s US$1.3 billion Hong Kong IPO gives it wings

Shanghai-listed firm is selling 40.9 million shares for HK$248 each, which would give it a market cap of about US$21 billion.

China’s Eastroc Beverage makes an alternative to Red Bull on the mainland. Photo: Handout
Stocks

Chinese tech listings shine in Hong Kong amid Beijing’s self-reliance push

Outperformance so far this year shows the theme remains a boon for investors in a challenging environment, analysts say.

Banking & finance

UBS, Citigroup, Morgan Stanley boost bonus for investment bankers by 20%

Fundraising on the Hong Kong stock exchange reached US$37.22 billion last year, the highest since US$42.97 billion in 2021.

Advertisement
Advertisement
Advertisement
Semiconductors

Alibaba, Baidu’s IPO plans for AI chip units bolster China’s self-reliance drive

Alibaba’s T-Head and Baidu’s Kunlunxin intensify competition to unseat Nvidia as China’s top supplier of high-performance AI chips.

Alibaba Group Holding’s chip design unit, T-Head, is said to be preparing to go public. Photo: Shutterstock
Mainland China

From labs to listings: capital markets are the next battleground in the AI race

Stock exchanges have become another barometer in the US-China tech rivalry as markets assess a wave of start-ups in real time.

Shanghai Fosun Pharmaceutical

China’s Fosun Pharma eyes spin-off Hong Kong IPO of vaccine unit

Fosun Adgenvax (Chengdu) joins an IPO wave that raised more than US$1.5 billion last year for biotech companies.

Semiconductors

Alibaba prepares potential spin-off, listing of chip unit T-Head

The wholly owned chip unit will first be restructured into a separate business partly held by employees, Bloomberg reported, citing sources.

Alibaba plans to spin off and list its T-Head chip arm. Photo: Handout
Semiconductors

Memory chip crunch to persist even as Samsung, SK Hynix, Micron boost production

Major vendors are scrambling to expand production, but the scarcity of general-purpose memory chips is forecast to continue well into 2027.

The global shortage of commodity memory chips is not expected to be addressed any time soon. Photo: Shutterstock
HKEX

New energy, AI, EV and biotech to drive Hong Kong IPO growth: HKEX

11 companies raised US$4 billion in Hong Kong in the first three weeks of 2026, with hundreds more lining up to list, Bonnie Chan says.

Banking & finance

China’s Busy Ming to test investor appetite with Hong Kong IPO

Snack and drink retailer aims to raise up to US$428 million, but listing plan comes amid weak mainland domestic demand.

Robotics

China’s Unitree ships over 5,500 humanoid robots in 2025, surpassing US peers

The Hangzhou-based firm’s output far outstripped the roughly 150 units each shipped by Tesla, Figure AI and Agility Robotics last year.

videocam
5
A G1 humanoid robot model from Unitree waves at visitors during the 21st China International Equipment & Manufacturing Industry Expo in Tianjin on March 6, 2025. Photo: Xinhua
Banking & finance

Hong Kong AFF will showcase city’s ‘superconnector’ role

Titled Co-creating New Horizons amid an Evolving Landscape, the annual government flagship event will run from January 26 to 27.

Hong Kong Monetary Authority CEO Eddie Yue Wai-man speaks at the Asian Financial Forum on January 13, 2025. Photo: Enoch Yiu
Mainland China

Alibaba, JPMorgan said to back Chinese chip firm’s Hong Kong listing

Montage Technology could raise up to US$900 million in an IPO as soon as this month, sources say.

Stocks

China’s stock rally on AI optimism to stretch fundraising frenzy in 2026

Tech companies on Shanghai, Shenzhen exchanges now trade nearly 40 per cent above the Nasdaq 100, boosting the appeal of going public.

Advertisement
Advertisement
Advertisement
Meituan

Chinese chain Qdama, known for its night discounts, plans Hong Kong IPO

The leading seller of meat and fresh produce on the mainland plans to open 1,400 stores in the next five years using proceeds from the IPO.

A Qdama store in Hong Kong’s Quarry Bay district. Photo: Handout
Electric & new energy vehicles

Xpeng’s flying car unit readies Hong Kong IPO for take-off

Aridge, formerly AeroHT, eyes listing this year as it aims to accelerate its efforts in the low-altitude market, sources say.

videocam
Banking & finance

Opinion | Hong Kong’s fertile ground for AI IPOs aligns with China’s tech strategy

If Hong Kong remains a stable offshore bridge linking global capital with priority technologies, it will bolster China’s innovation funding.

Artificial intelligence

MiniMax and Zhipu’s stellar Hong Kong IPOs supercharge China’s AI ambitions

Zhipu’s coding assistant is wooing subscribers with a monthly fee of about US$3, a fraction of what Anthropic charges for Claude.

MiniMax became a darling of investors with its gain of 80 per cent when the stock debuted on Friday. Photo: Shutterstock Images
Artificial intelligence

Chinese AI start-up MiniMax shines on Hong Kong IPO debut

The shares jump as much as 113.2 per cent to HK$351.80 before ending the day 109.1 per cent higher at HK$345.

Executives of MiniMax Group, Suzhou Ribo Life Science, Yunnan Jinxun Resources and HKEX at the IPO listing ceremony on Friday. Photo: Jonathan Wong
Banking & finance

TCM firms eye Hong Kong IPOs to fuel global expansion

Over the past year, 34 innovation and technology, life and health science companies set up or expanded their operations in Hong Kong.

Artificial intelligence

Meta-Manus probe shows risks to China’s AI boom

A review of Facebook owner Meta’s plan to buy AI agent Manus and a reported move to deter imports of Nvidia H200 chips show that China is moving to shore up both ends of its AI ecosystem amid US competition.

Hong Kong stock exchange

3 Chinese AI, robotics stocks gain in Hong Kong debuts

Zhipu AI, Iluvatar CoreX and Edge Medical raised US$1.2 billion in their share offerings.

Zhipu AI is the first pure-play Chinese AI large language model developer traded on the Hong Kong stock exchange. Photo: Shutterstock
McDonald's

McDonald’s Philippine rival Jollibee to list global business in the US by 2027

The spin-off and potential US listing of Jollibee Foods Corporation would include all of the company’s businesses outside its home market.

An outlet of the Filipino fast-food chain Jollibee in Hong Kong. Photo: SOPA Images/LightRocket via Getty Images
Banking & finance

MiniMax’s Hong Kong IPO set to hit US$538 million amid Chinese AI sector frenzy

The Alibaba-backed firm is set to price its 25.4 million shares at HK$165 each, the top end of its marketed range, sources say.

Banking & finance

The ‘biology winter’ thaws: why investors are buying Hong Kong’s biotech IPOs

A wave of China out-licensing deals is feeding a biotech comeback in Hong Kong, where IPOs and follow-on placements are surging.

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