A raft of Chinese AI and tech companies have boosted Hong Kong initial public offerings to a five-year high.
Primary and secondary offerings in Hong Kong raised some US$14bn in the first quarter of 2026, the best first quarter for equity sales since 2021, according to data from Dealogic and LSEG. That is ahead of rivals including the Nasdaq, New York and Bombay stock exchanges.
The two best-performing stocks listed this year, Zhipu and MiniMax, have soared more than 400 per cent this year, showing how the hunt for exposure to China’s fast-growing AI sector is driving the market.
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