{"id":601437,"date":"2026-08-31T09:30:12","date_gmt":"2026-08-31T09:30:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/601437\/"},"modified":"2026-08-31T09:30:12","modified_gmt":"2026-08-31T09:30:12","slug":"ai-and-robotics-drive-a-boom-in-stock-offerings-in-shanghai-and-hong-kong","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/601437\/","title":{"rendered":"AI and robotics drive a boom in stock offerings in Shanghai and Hong Kong"},"content":{"rendered":"

HONG KONG (AP) \u2014 Chinese markets are booming with new public stock offerings, energized by the craze for artificial intelligence<\/a> and other advanced technology and a growing preference to list shares in Hong Kong and Shanghai.<\/p>\n

In the latest big stock listing, shares in China-founded e-commerce and fast fashion giant Shein are due to debut Tuesday in Hong Kong in a blockbuster initial public offering raising $1.7 billion, in one of the city\u2019s biggest new share sales this year. <\/p>\n

In July, CXMT,<\/a> China\u2019s largest memory chipmaker, raised more than $8.6 billion in Shanghai in the second-largest IPO for its Nasdaq-style STAR market, mainland China\u2019s second-largest IPO. Its shares jumped 466% on the first day of trading.<\/p>\n

Unitree, one of China\u2019s leading humanoid robot makers, also made its listing debut in Shanghai in August<\/a>. Shares rose 460% on the first day of trading.<\/p>\n

\u201cThe current IPO boom is powered by investor appetite for AI and robotics,\u201d said Ruiying Zhao, a senior research analyst at S&P Global Market Intelligence. Trading in Shanghai\u2019s stock market, for one, is heavily driven by retail investors.<\/p>\n

AI driving Chinese IPO boom<\/p>\n

CXMT\u2019s IPO in Shanghai \u201cplaced China<\/a> in a strategically significant position in tech manufacturing related to AI,\u201d said Perris Lee, head of APAC equity capital markets for ION Analytics. \u201cIt\u2019s also a testament to China\u2019s tech self-sufficiency ambitions.\u201d<\/p>\n

Founded in China in 2016, the company\u2019s revenue surged more than 700% year-on-year to 50.8 billion yuan (about $7.5 billion) in the first three months of 2026 on a spike in demand for computer chips needed for AI.<\/p>\n

IPO proceeds in Hong Kong and Shanghai so far this year have already surpassed the funding raised last year, according to the financial data platform LSEG.<\/p>\n

It says IPOs and secondary listing activities on the Hong Kong and Shanghai exchanges raised a total of over $54 billion from so far in 2026, surpassing last year\u2019s total of more than $46 billion. <\/p>\n

Combined Hong Kong and Shanghai proceeds so far this year accounted for roughly 21% globally, ranking them only behind only the Nasdaq\u2019s roughly 55% global share, LSEG said. There, the mega $75 billion IPO by SpaceX<\/a> in June made the U.S. exchange the world\u2019s biggest IPO market this year.<\/p>\n

Since China limits foreign purchases on mainland exchanges, many Chinese companies do parallel listings in Hong Kong to help raise international capital.<\/p>\n

Fewer big Chinese companies listing overseas<\/p>\n

Stricter U.S. and Chinese regulatory scrutiny in recent years of big Chinese companies listing in U.S. markets, especially those in strategically important sectors like advanced technologies<\/a>, has led some Chinese companies to stick closer to home.<\/p>\n

Listing overseas typically takes more time compared with doing IPOs in China, said Howie Farn, a capital markets partner at the law firm Freshfields.<\/p>\n

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In Hong Kong, recent public stock listings of Apple-supplier Luxshare Precision Industry, and Zhongji Innolight, which makes optical transceivers used in data centers, were among this year\u2019s largest deals and were also a reflection of investor demand for advanced technologies.<\/p>\n

More companies are looking to hold their IPOs in Hong Kong or Shanghai, like robotics<\/a> firms AGIBOT and Deep Robotics. <\/p>\n

Shein also explored the possibility of listings in the U.S. and London before opting for Hong Kong.<\/p>\n

Investors are wary of a possible AI bubble in China, too<\/p>\n

After massive oversubscriptions and huge gains in their share debuts, some companies have seen their market value shrink. <\/p>\n

Chinese robot maker Unitree\u2019s share price had fallen more than 40% as of Friday from its peak share price on the day of its trading debut.<\/p>\n

\u201cThe critical question remains: is the AI sentiment enough?\u201d said Zhao from S&P, as the similar question that raised worries among investors in the U.S.<\/a> also now also applies to China. \u201cFor a durable market cycle, investors will demand sustainable revenue, visible profit margins, and realistic valuations.<\/p>\n

The global AI frenzy also has also drawn attention away from companies like Shein<\/a>. \u201cThe AI investment cycle is absorbing much of the risk appetite that would have otherwise flowed to a company like Shein,\u201d said Jacob Cooke, CEO of WPIC Marketing + Technologies.<\/p>\n

Shein\u2019s IPO puts the company\u2019s value at around $27 billion, a fraction of its peak valuation a few years ago, though that is partly due to U.S. and EU moves to restrict de minimus tax-exemptions for imports of small packages.<\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG (AP) \u2014 Chinese markets are booming with new public stock offerings, energized by the craze for…\n","protected":false},"author":2,"featured_media":601438,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,670,343,344,1631,114,1657,7255,122,3448,85,756,911,32597,46,145978,6361,3136,5733,193809,125,126],"class_list":["post-601437","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-apple","tag-artificial-intelligence","tag-artificialintelligence","tag-asia-pacific","tag-business","tag-china","tag-currency-markets","tag-general-news","tag-hong-kong","tag-il","tag-inc","tag-information-technology","tag-ipos","tag-israel","tag-jacob-cooke","tag-robotics","tag-semiconductor-manufacturing","tag-shanghai","tag-space-exploration-technologies-corp","tag-technology","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/601437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=601437"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/601437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/601438"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=601437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=601437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=601437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}