Hong Kong IPO boom and China’s AI race fuel follow-on deals
Tech companies including Z.AI are raising billions through share sales and convertible bonds, Nikkei Asia reports.
TLDR
Nikkei Asia reports that Hong Kong’s boom in initial public offerings and China’s AI race are fueling a flurry of follow-on deals. Tech companies including Z.AI are raising billions through share sales and convertible bonds, the outlet says.
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