Key facts
- Lingyi iTech Guangdong has begun accepting investor orders for its Hong Kong listing.
- The company aims to raise up to $1.06 billion.
- China's top securities regulator supports more domestic listings.
- Hong Kong expects at least 17 IPOs in June.
Lingyi iTech Guangdong, based in China's Guangdong province, has initiated the process of seeking investment orders for its upcoming listing on the Hong Kong Stock Exchange. The company anticipates this public offering could generate up to $1.06 billion in capital. Concurrently, China's top securities regulator has pledged to welcome more domestic listings from AI developers and Hong Kong-traded firms to bolster onshore capital markets. Hong Kong is anticipating at least 17 listings in June, indicating a busy period for initial public offerings in the region.