In the latest big stock listing, shares in China-founded e-commerce and fast fashion giant Shein are due to debut Tuesday in Hong Kong in a blockbuster initial public offering raising $1.7 billion, in one of the city’s biggest new share sales this year. In July, CXMT, China’s largest memory chipmaker, raised more than $8.6 billion in Shanghai in the second-largest IPO for its Nasdaq-style STAR market, mainland China’s second-largest IPO. Its shares jumped 466% on the first day of trading.
Unitree, one of China’s leading humanoid robot makers, also made its listing debut in Shanghai in August. Shares rose 460% on the first day of trading.