Chinese AI and Chip Firms Drive Onshore IPO Rebound
China's onshore technology IPOs are experiencing their strongest year since 2023, driven by government support for chip and AI companies. Over $3.1 billion has been raised in stock market listings this year through June 18, with nearly 50 tech firms planning to raise at least 126.1 billion yuan ($18.7 billion) combined.
Topics: AI China-U.S. tech rivalry IPOs semiconductors technology sector