WHAT HAPPENED
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. 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. Trading in Shanghai’s stock market, for one, is heavily driven by retail investors. AI driving Chinese IPO boom CXMT’s IPO in Shanghai “placed China in a strategically significant position in tech manufacturing related to AI,” said Perris Lee, head of APAC equity capital markets for ION Analytics.
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