China-based Moonshot filed confidentially for a Hong Kong IPO; source: the company is in talks to raise a pre-IPO funding round at a $50B valuation (Juro Osawa/The Information)
Moonshot AI, whose Kimi K3 open-source model has become a global hit, has filed confidentially an application for a Hong Kong initial public offering …
Philippine fast-food chain Jollibee has decided to list its international unit in Hong Kong instead of the United States. This shift from its initial plan to sell shares in the US comes as Jollibee spins off its international business and lists it on a stock exchange for global expansion. The company sees Hong Kong as a natural market for Jollibee Foods Corporation International (JFCI) due to its strong presence and brand recognition throughout Asia.
Jollibee stated that Hong Kong provides a suitable market environment and investor relevance to support JFCI's long-term ambitions. The Hong Kong market for initial public offerings is booming, primarily driven by Chinese technology companies seeking funds for artificial intelligence development. The city's deep pools of capital and fast-paced deals have also attracted companies from various Asian nations, including Indonesia.
In 2026, Hong Kong's debuts have generated over US$45 billion in total proceeds, making it the third-best year ever, according to Bloomberg data. Jollibee's Chief Financial and Risk Officer, Richard Shin, will serve as the chief executive of JFCI.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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