June 30 : Five Chinese technology and advanced manufacturing companies launched Hong Kong listings on Tuesday to raise up to HK$44.1 billion ($5.6 billion), one of the busiest days for new share sales this year, according to their company filings.The biggest of the five offerings is Shenzhen-listed Apple supplier Luxshare Precision Industry, looking to raise up to HK$24.27 billion ($3.15 billion) after contemplating a Hong Kong listing for more than a year.The rush of new deals adds to a run of Chinese companies turning to Hong Kong for fresh capital as Beijing encourages more domestic champions to list close to home. The first half of 2026 has recorded about $22.45 billion worth of new listings in Hong Kong, up nearly 57 per cent from a year earlier, making it the busiest start to the year in five years, according to LSEG data.
"IPOs pick up toward end-June and end-December every year due to financial reporting requirements," said Steven Leung, executive director of institutional sales at UOB Kay Hian.Companies that miss those windows may need to submit updated financial reports, he added.Investor appetite for mainland technology, chips, electronics and robotics names is improving as the sectors "remain hot in overseas markets" and benefit from government policies, Leung said."While investor appetite is strong for quality AI-related stories, one should remain mindful of risks such as valuation discipline, post-listing performance and geopolitical uncertainties," added Dickie Wong, executive director of research at Hong Kong-based uSMART Securities.FROM CHIPS TO ROBOTSThe five deals cover companies that make electronics, ceramic parts, chips, circuit-board tools and robots.Luxshare is selling 383.5 million shares at a maximum offer price of HK$63.28 apiece, according to its prospectus. The final price will be set on July 8, with trading set to commence the following day. The company manufactures electronic devices, including routers, wireless charging modules and video conferencing equipment.Chaozhou Three-Circle, which makes electronic ceramic materials and parts used in electronics, cars and chip equipment, is seeking up to about HK$7.16 billion, according to its prospectus.Nexchip Semiconductor, which manufactures chips designed by other companies, said it would seek up to HK$6.98 billion.Guangdong Dtech Technology, a maker of tiny drill bits and other tools used to produce printed circuit boards, aims to raise up to HK$4.80 billion, filings showed.Rokae (Shandong) Robotics Group, the smallest of the five deals, said it would sell 23 million shares at HK$38 each to raise about HK$875 million. The company makes industrial robots, collaborative robots that can work near people and newer AI-linked robots.($1 = 7.8413 Hong Kong dollars)
