AI and Robotics Drive IPO Surge in China as Shein Lists in Hong Kong

E-commerce and fast fashion giant Shein is set to debut in Hong Kong with a $1.7 billion initial public offering, marking one of the city’s largest new share sales this year. China’s largest memory chipmaker, CXMT, raised over $8.6 billion in Shanghai, the second-largest IPO on mainland China’s STAR market, with shares surging 466% on the first day of trading. Unitree, a leading humanoid robot maker, also had a successful listing debut in Shanghai with shares rising 460% on the first day. The current IPO boom in China is being fueled by investor interest in AI and robotics, according to…