Chinese tech firms flock to Hong Kong for IPOs amid DeepSeek-triggered AI boom

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Mid and large-cap Chinese firms in semiconductors, AI and robotics are exploring Hong Kong IPOs, UBS executive says.

Chinese tech firm AICT aims to raise around US$200 million via a Hong Kong IPO, sources say.“With improved sentiment towards tech and AI, mid and large-cap firms in semiconductors, AI and robotics are increasingly exploring IPOs in Hong Kong,” said John Lee Chen-kwok, vice-chairman and co-head of Asia coverage at UBS in Hong Kong.

Citic Securities and CCB International were the sponsors for the deal, said the people who requested anonymity for discussing a private matter.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong KongChina

Topics: Million Market Chinese Aims Aict Us$200 Kong Sources Raise Hong Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 07:30:07 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 221 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26408334

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