AI and robotics are driving China's IPO rebound
Public offerings and secondary listings in Hong Kong and Shanghai had raised more than $54 billion in 2026 through late August. That figure comes from LSEG data reported by AP. The total exceeded the two exchanges' total for all of 2025. It represented about 21% of global proceeds. China memory-chip maker CXMT raised more than $8.6 billion in July. Humanoid-robot maker Unitree listed in August. AP reported that Shein planned a $1.7 billion Hong Kong debut for Tuesday. Analysts said investor demand for AI and robotics powered much of the wider boom.
Verified 2:51 AM PDT · 1 original sources
The $54 billion total covers all public offerings and secondary listings in Hong Kong and Shanghai, not only AI companies. Investor demand does not establish durable revenue, profit, or technical advantage. Unitree's shares had fallen more than 40% by Friday from their first-day peak, according to AP. Chip access, export controls, and high valuations can still change the outcome after a strong debut.
Watch Shein's debut and the first earnings reports from CXMT and Unitree. Post-listing prices, chip supply, and planned offerings from AGIBOT and Deep Robotics matter next. Revenue and margins will show whether the initial valuations hold up.
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