Deepexi’s blockbuster debut and Sany’s big IPO mark HKEX’s busiest day since July

Deepexi, an AI-application provider, rocketed from its offer price to trade at roughly double on the first day, reflecting intense demand for software and AI plays. Consumer-facing newcomer Bama Tea also excited the market, jumping substantially above its offer price as retail investors chased familiar brands and lifestyle stories. Data-communications specialist CIG Shanghai enjoyed healthy gains too, signalling that investors remain willing to reward companies with clear growth narratives and visible product traction.

Sany’s listing provided the heavyweight anchor to the session. Priced at the top of its range, Sany’s offering mobilised more than HK$13 billion and represented one of the year’s largest Hong Kong IPOs, giving the construction-machinery group broader international capital access. For Sany, the Hong Kong listing is strategically important as it seeks to deepen ties with global investors while balancing its onshore presence and overseas expansion plans.

The episode shows a dual theme: speculative, high-beta interest in AI and lifestyle names alongside measured demand for capital-intensive industrial champions. Market participants caution that aftermarket performance will depend on follow-through earnings and execution, but for now the mix of big-ticket flotations and racy debut pops suggests Hong Kong remains a vibrant venue for both marquee and momentum stories.