China's AI-fueled IPO boom hits $54 billion this year, with chipmakers and Shein's $1.7 billion IPO | Fortune

China’s IPO market is accelerating this year, driven by investor appetite for AI and robotics and a stronger preference for listings in Hong Kong and Shanghai. Shein, the China-founded e-commerce and fast-fashion company, is set to debut Tuesday in Hong Kong with a $1.7 billion IPO, one of the city’s biggest new share sales this year. In Shanghai, memory chipmaker CXMT raised more than $8.6 billion in July for the STAR market and its shares jumped 466% on the first day; humanoid robot maker Unitree listed in August and shares rose 460% initially. LSEG data shows IPO and secondary listing proceeds in Hong Kong and Shanghai already topped $54 billion in 2026, surpassing 2025’s total of more than $46 billion. The report also notes that stricter U.S. and Chinese regulation has pushed some firms to list closer to home.