The Hong Kong listing boom continues to heat up, and six more Chinese companies plan to raise more than 2 billion US dollars in January next year, making the market more hopeful for another big year of IPOs. According to documents submitted to the Hong Kong Stock Exchange on Wednesday, these companies cover fields such as artificial intelligence, chip design, and biopharmaceuticals, with a total funding target of about HK$16.6 billion, which is equivalent to US$2.13 billion. According to exchange documents, Chinese AI startup MiniMax plans to sell 25.39 million shares in the price range of HK$151.00 to HK$165.00 per share, with a maximum capital of HK$4.19 billion. The waferless semiconductor design company Howell Integrated Circuit and the multi-chip integrated circuit design company GigaYi Innovation are both seeking to raise more than HK$4 billion through their respective IPOs. Cathode copper manufacturer Yunnan Jinxun Resources plans to list and trade on January 9 next year. It plans to use most of the net proceeds raised from the IPO to expand its core business, and about 10% will be used to repay debts. The company estimates that the net amount raised will be approximately HK$1.04 billion. Biopharmaceutical company Ruibo Biotech plans to raise HK$1.59 billion in an IPO and invest the net amount raised in research and development.

The Hong Kong listing boom continues to heat up, and six more Chinese companies plan to raise more than 2 billion US dollars in January next year, making the market more hopeful for another big year of IPOs. According to documents submitted to the Hong Kong Stock Exchange on Wednesday, these companies cover fields such as artificial intelligence, chip design, and biopharmaceuticals, with a total funding target of about HK$16.6 billion, which is equivalent to US$2.13 billion. According to exchange documents, Chinese AI startup MiniMax plans to sell 25.39 million shares in the price range of HK$151.00 to HK$165.00 per share, with a maximum capital of HK$4.19 billion. The waferless semiconductor design company Howell Integrated Circuit and the multi-chip integrated circuit design company GigaYi Innovation are both seeking to raise more than HK$4 billion through their respective IPOs. Cathode copper manufacturer Yunnan Jinxun Resources plans to list and trade on January 9 next year. It plans to use most of the net proceeds raised from the IPO to expand its core business, and about 10% will be used to repay debts. The company estimates that the net amount raised will be approximately HK$1.04 billion. Biopharmaceutical company Ruibo Biotech plans to raise HK$1.59 billion in an IPO and invest the net amount raised in research and development.