Shares worth US$11.5 billion to hit market as record wave of lock-up expirations starts and some firms eye share placements.

With the imminent expiration of lockup periods on Wednesday, MiniMax Group founder Yan Junjie faces an uphill battle persuading investors to hold on to the Hong Kong-listed AI…

HONG KONG, July 6 : Shares in some of Hong Kong's hottest new listings are set to hit the market this week in an unprecedented wave of lock-up expirations, which brokers say could…

Hong Kong's equity market is set for a record wave of lock-up expirations, with billions of dollars' worth of previously restricted shares becoming eligible for trading. Analysts…

Shares worth US$11.5 billion to hit market as record wave of lock-up expirations starts and some firms eye share placements.

Zhipu AI plans a $4 billion secondary share sale in Hong Kong after its stock surged 1,500% since its January 2026 IPO that raised $560 million.

The Chinese AI startup defied expectations of selling pressure after cornerstone investors representing nearly two-thirds of IPO cornerstone funding pledged to keep their stakes

Zhipu AI bucked the downward trend to surge over 10 per cent as volatility surrounding its recent IPO share unlocking began to ease.

GLM-5.2 model developer Zhipu AI is seeking to raise HK$31.4 billion, while chipmaker Iluvatar CoreX is targeting HK$7.1 billion.

Smaller firms face a liquidity squeeze amid AI-related stock profit-taking, which drags down IPO market sentiment.