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

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.

Apple supplier Luxshare fell 5% on its Hong Kong debut after raising $3.1 billion in an IPO, despite strong AI market optimism.

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

HONG KONG, July 9 : Shares of Luxshare Precision Industry led losses among IPO debutants in Hong Kong on Thursday after raising HK$24.27 billion ($3.10 billion) in the city's…

Chinese tech companies have raised $17.38 billion in Hong Kong through IPOs and share sales in 2026, led by CATL's $5 billion deal and AI startup listings.