More Chinese firms are looking to launch initial public offerings in Hong Kong following the AI boom triggered by DeepSeek, the South China Morning Post reported Tuesday, citing an analyst at UBS.
Middle and large-cap Chinese semiconductor, artificial intelligence, and robotics firms comprise the latest batch of IPO aspirants, the report said, citing John Lee Chen-kwok, vice-chairman and co-head of Asia coverage at UBS Hong Kong.
Lee cited "improved sentiment towards tech and AI" for the rise in IPOs, according to the report.
Among those joining the IPO craze are Beijing-based AI company AICT which seeks to raise up to $200 million. Manycore Tech is also gunning for an IPO, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.