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Shanghai bourse opens doors to unprofitable AI, tech start-ups with relaxed IPO rules

Shanghai bourse opens doors to unprofitable AI, tech start-ups with relaxed IPO rules
South China Morning Post Thursday 18 June 2026, 03:34 UTC By Xinmei Shen 1 min read
Key Points

The Shanghai Stock Exchange (SSE) has clarified rules for unprofitable artificial intelligence model developers wanting to go public, as China’s large language model (LLM) firms scramble for fresh capital in an intense race with US labs. LLM developers can go public on the Shanghai bourse’s Star Market under a set of listing standards that require them to have an anticipated market cap of at least 4 billion yuan (US$591 million), as well as meeting certain criteria in terms of market...

The Shanghai Stock Exchange (SSE) has clarified rules for unprofitable artificial intelligence model developers wanting to go public, as China’s large language model (LLM) firms scramble for fresh capital in an intense race with US labs. LLM developers can go public on the Shanghai bourse’s Star Market under a set of listing standards that require them to have an anticipated market cap of at least 4 billion yuan (US$591 million), as well as meeting certain criteria in terms of market potential,... [Image text:] 2809 * 290 2817 486.50 2815 $457.25 50125 3 2821 524.50 -0.05% -1.77% 524 -0.59% +0.245 +0.43 0.4 M 202603/23 2026/0506 026/01/2
Shanghai (LOCATION) AI (ORG) IPO (ORG) The Shanghai Stock Exchange (ORG) SSE (ORG) China (LOCATION) LLM (ORG) US (LOCATION) Star Market (ORG)
Originally published by South China Morning Post Read original →

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