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Chinese tech stocks, led by Zhipu AI, surge in Hong Kong IPO wave
Zhipu AI and other Chinese tech firms raised roughly $1.19 billion in Hong Kong IPOs, highlighting strong investor appetite for AI and tech listings.
Chinese technology companies including AI leader Zhipu AI, semiconductor designer Shanghai Iluvatar CoreX and surgical robotics firm Shenzhen Edge Medical made strong debuts on the Hong Kong Stock Exchange, collectively raising about HK$9.3 billion (approximately US$1.19 billion). Zhipu AI’s shares opened above their offer price as part of a broader push by Beijing to foster high tech and AI listings.