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High-Flyer Quant secured allocations in CXMT and Unitree Robotics before their blockbuster Shanghai debuts
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High-Flyer Quant, the hedge fund founded by DeepSeek's Liang Wenfeng, has secured pre-IPO stakes in some of China's most prominent technology listings this year, including memory chipmaker CXMT and humanoid robot maker Unitree Robotics, according to CNBC.
CNBC's analysis of IPO data shows that two High-Flyer affiliates — Zhejiang High-Flyer Asset Management and Ningbo High-Flyer Quantitative Investment Management — built positions in pre-IPO rounds across a range of sectors, from chip packaging and electronic components to renewable energy and semiconductor supply-chain businesses. Nearly half of their allocations this year went to semiconductors and related supply-chain companies.
