Why do companies go public?
For money. Obviously.
That is particularly easy to see in artificial intelligence. Developing large models and securing the compute to train and run them is expensive, making repeated fundraising almost a feature of the business. In China, companies such as Z.ai and MiniMax have already turned to public markets as their capital needs grow.
Then there is Shein.
The online fashion retailer launched its Hong Kong public offering on August 24, seeking to raise up to USD 1.8 billion ahead of a planned September 1 listing.
