All articles tagged with #hong kong ipo
Shanghai Biren Technology's shares more than doubled on their Hong Kong debut, raising HK$5.58 billion, amid a wave of AI and chip offerings in China driven by government support and efforts to reduce reliance on U.S. technology exports.
Baidu's AI chip unit Kunlunxin has confidentially filed for a Hong Kong IPO, aiming for a spin-off and separate listing, as part of China's broader push to develop domestic semiconductor alternatives amid U.S. export restrictions. The company, valued at around $3 billion, will remain a subsidiary of Baidu after the IPO, with details yet to be finalized.
Gold prices hit $4,000 for the first time amid global economic uncertainty driven by the U.S. government shutdown and political events in France, reflecting increased safe-haven demand. Meanwhile, stock markets showed mixed results, with Hong Kong's IPO market booming and U.S. markets declining due to concerns over AI profitability and government shutdown impacts.
Ab&B Bio-Tech's IPO in Hong Kong saw its stock soar over 169% on debut, driven by strong retail investor demand for its influenza vaccine and other health products, marking a successful entry amid a rally in healthcare stocks.