IPO
China’s CXMT revenue soars as AI lifts memory prices
CXMT has delivered its next-generation LPDDR6 chips to customers for validation.
Grace Priscilla Teo · · 1 min read
OpenAI rolls out ChatGPT ads to users in India
Anthropic says its rival Claude chatbot will remain ad-free.
Naomi Li Gan · · 1 min read
Indian data center operator Yotta eyes $900m IPO
Hiranandani said Yotta runs India’s largest cluster of Nvidia chips and expects to reach 400 megawatts of capacity over the next 12 to 18 months.
Grace Priscilla Teo · · 1 min read
Shein launches Hong Kong IPO to raise up to $1.8b
The offering follows Shein’s shift to Hong Kong after its London IPO stalled. Shein is due to set the final price on August 31 and begin trading on September 1.
Aiko Gao Ishida · · 1 min readShein eyes $2b HK IPO as Tencent, UBS arm weigh stakes
Shein is seeking about US$2 billion at a valuation of US$26 billion to US$27 billion.
Minh Le · · 1 min readIndia’s Shiprocket rises after $170m IPO, Goldman Sachs buy
For FY26, Shiprocket reported revenue from operations of 20.2 billion rupees (US$212 million), up 24% from 16.3 billion rupees (US$171 million) a year earlier.
Grace Priscilla Teo · · 1 min readOpenAI plans 2027 IPO, may list earlier
OpenAI was topping $25 billion in annualized revenue in February.
Diya Lal · · 1 min readAlibaba-backed AI video startup ShengShu eyes HK IPO
Vidu offers text-to-video generation through subscriptions and an API for businesses and developers.
Naomi Li Gan · · 1 min readAlibaba, JD.com-backed robot maker files for Hong Kong IPO
Founded in 2022, LimX was valued at $2.2 billion in a July pre-IPO round.
Grace Priscilla Teo · · 1 min readUnitree Robotics opens up 629% in Star Market debut
The sale of 40.45 million shares represented 10% of Unitree’s enlarged share capital and valued it at about 61 billion yuan (US$9.05 billion) before trading began.
Grace Priscilla Teo · · 1 min read