According to @business (Bloomberg), Chinese biotech firm Argo Biopharmaceutical has selected banks for a Hong Kong IPO that could raise a few hundred million dollars, citing unnamed sources (source: Bloomberg/@business). According to @business, the report is sourced to unnamed contacts and does not cite any direct impact on cryptocurrency markets (source: Bloomberg/@business).

According to @business, Pony AI and WeRide fell on their Hong Kong trading debuts after competing for investor attention in dual robotaxi listings, source: Bloomberg via @business, link https://www.bloomberg.com/news/articles/2025-11-06/pony-weride-fall-in-hk-debuts-after-dueling-robotaxi-listings?taid=690bfd028b83c700016f7a89&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter. The pair raised more than $1.1 billion through their public offerings ahead of the HKEX debut, source: Bloomberg via @business. The source did not quantify the day-one declines or mention any direct cryptocurrency market impact, which keeps the immediate implications focused on Hong Kong AI equity sentiment rather than digital assets, source: Bloomberg via @business.

According to @business, Guangdong Haid, a Chinese producer of animal and fish feed, has selected banks for a planned Hong Kong listing, citing people familiar with the matter (source: Bloomberg/@business). For equity context, Hong Kong Exchanges and Clearing (HKEX) identifies listing fees and trading-related income among its key revenue streams, underscoring the relevance of primary market activity to the exchange’s business profile (source: HKEX 2023 Annual Report). For crypto context, the International Monetary Fund reported that Bitcoin’s returns became more correlated with equities since 2020, indicating tighter cross-asset co-movement that traders monitor when equity risk sentiment shifts (source: IMF analysis on crypto–equity correlations, 2022).

According to @business, Hesai, described as the world’s largest maker of lidar sensors used in cars, rose in its Hong Kong trading debut after a $535 million listing. Source: @business. The post does not disclose the percentage gain or pricing details and does not mention any cryptocurrency market implications. Source: @business.

According to Lex Sokolin, Ant International, the overseas arm of Ant Group registered in Singapore, is actively pursuing a Hong Kong IPO despite Ant Group's recent $1 billion regulatory fine and ongoing restructuring (Source: @LexSokolin, May 6, 2025). This move signals renewed confidence in capital markets and could boost investor sentiment in related fintech and digital asset sectors. The listing may draw institutional attention to blockchain-based payment solutions and stablecoins, potentially impacting crypto market flows in Asia.