AI and robotics drive China IPO boom as Hong Kong and Shanghai raise over 54 billion

Chinese markets are experiencing a surge in initial public offerings driven by investor demand for artificial intelligence and robotics, with Hong Kong and Shanghai exchanges raising over $54 billion so far in 2026, surpassing last year’s total of more than $46 billion, according to financial data platform LSEG.
Shein, the China-founded e-commerce and fast fashion giant, is set to debut on the Hong Kong stock exchange on Tuesday in a $1.7 billion IPO, one of the city’s largest 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. Its shares jumped 466% on the first day of trading. Unitree, a leading humanoid robot maker, also listed in Shanghai in August, with shares rising 460% on its debut.
Ruiying Zhao, a senior research analyst at S&P Global Market Intelligence, said the current IPO boom is powered by investor appetite for AI and robotics. Perris Lee, head of APAC equity capital markets for ION Analytics, added that CXMT’s IPO placed China in a strategically significant position in tech manufacturing related to AI and reflected the country’s tech self-sufficiency ambitions. Founded in 2016, CXMT’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 due to demand for computer chips needed for AI.
Combined, Hong Kong and Shanghai IPO proceeds so far this year accounted for roughly 21% of the global total, ranking them behind only the Nasdaq’s roughly 55% share, LSEG data shows. The Nasdaq’s dominance was bolstered by SpaceX’s $75 billion IPO in June, making the U.S. exchange the world’s biggest IPO market this year .
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