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.
Insilico Medicine says its listing could raise up to HK$2.3 billion. Photo: Shutterstock
Mainland China

Holiday rush: Hong Kong IPO market sparkles with busiest December in years

From biotech to AI, December’s listings – including at least 15 down the stretch – crown the city’s revival in equity fundraising.

HKEX

HKEX amends float rules to strengthen Hong Kong’s status as global finance hub

Hong Kong stock market

HashKey shares debut flat in Hong Kong amid bitcoin bear market

MetaX

MetaX stock soars 700% in Shanghai debut as traders snap up Chinese GPU maker

MetaX closes at 829.90 yuan on Wednesday, from its IPO price of 104.66 yuan, after gaining as much as 755 per cent in intraday trading.

People learn about the AI computing power cabinet equipped with MetaX C600 general-purpose GPU chip at the 2025 World Artificial Intelligence Conference in Shanghai. Photo: Getty
Semiconductors

Biren Technology’s Hong Kong IPO gets go-ahead from Beijing

Shanghai-based Biren plans to float about 372 million shares on the Hong Kong stock exchange.

Semiconductors

MetaX set for Shanghai debut amid frenzy over AI chip stocks, Nvidia uncertainty

The Shanghai-based graphics processing unit designer plans to raise US$596 million from the sale of 40.1 million shares.

Advertisement
Advertisement
Advertisement
Semiconductors

China’s tech ambitions stoke red-hot chip IPO market

MetaX shares make their debut on Wednesday after a wildly popular IPO as China’s tech self-sufficiency push fuels investor demand for AI-related stocks.

MetaX C500 GPU. Photo: Handout
Made in China 2025

China’s Unitree teases platform allowing users to control robots via smartphones

Hangzhou robotics unicorn’s platform is designed to bring embodied intelligence into everyday life.

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

Moore Threads shares drop 13 per cent on Friday after the GPU maker cautions investors to ‘make decisions prudently and invest rationally’.

“The company’s shares have had a big swing in recent days,” says Moore Threads. Photo: Getty Images
Banking & finance

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

Hong Kong equity market offers platform for mainland Chinese AI firms seeking international investors amid intensifying domestic competition.

MiniMax plans to beef up its research and development. Photo: Handout
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.

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.

Hong Kong’s IPO market is projected to extend the momentum it built this year driven by mainland Chinese public firms and the tech sector. Photo: Nora Tam
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.

Advertisement
Advertisement
Advertisement
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.

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.

The Moore Threads MCCX D800 AI server is displayed at the World Artificial Intelligence Conference in Shanghai, July 5, 2024. Photo: SCMP
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.

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.

Guangdong Tianyu Semiconductor plans to raise US$223.42 million at its Hong Kong listing. Photo: Handout
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.

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