Chinese tech companies, led by Zhipu AI, to rise in Hong Kong debut

Three ‍Chinese technology firms ​are set to ⁠debut higher on Thursday after raising a combined HK$9.3 billion ($1.19 ‌billion), ‌setting the tone for what investors ‌hope will be a busier year for new listings in Hong Kong.

All of the debutants are set to trade ‌above ‍their offer prices. Artificial ‍intelligence company Zhipu AI, also ‌known as Knowledge Atlas Technology, is set to open 3.3% higher than its offer price of HK$116.20.

Shanghai Iluvatar ‍CoreX, a semiconductor firm, is set to ‍start 31.6% ⁠higher, ⁠while surgical robotics company Shenzhen Edge Medical is likely to start 36.4% higher.