Hong Kong · China · Fortune Technology
China’s AI-fueled IPO boom hits $54 billion this year, with chipmakers and Shein’s $1.7 billion IPO
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Chinese markets are booming with new public stock offerings, energized by the craze for artificial intelligence and other advanced technology and a growing preference to list shares in Hong Kong and Shanghai.
Key facts
- 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’s total of more than $46 billion
- Founded in China in 2016, the company’s 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
- In July, CXMT, China’s largest memory chipmaker, raised more than $8.6 billion in Shanghai in the second-largest IPO for its Nasdaq-style STAR market, mainland China’s second-largest IPO
- Combined Hong Kong and Shanghai proceeds so far this year accounted for roughly 21% globally, ranking them only behind only the Nasdaq’s roughly 55% global share, LSEG said
Summary
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’s biggest new share sales this year. In July, CXMT, China’s largest memory chipmaker, raised more than $8.6 billion in Shanghai in the second-largest IPO for its Nasdaq-style STAR market, mainland China’s second-largest IPO. Unitree, one of China’s leading humanoid robot makers, also made its listing debut in Shanghai in August. “The current IPO boom is powered by investor appetite for AI and robotics,” said Ruiying Zhao, a senior research analyst at S&P Global Market Intelligence.