Naver plans to IPO Naver Financial after a share swap with Dunamu, targeting a listing within five years. Conditions depend on market and regulatory factors, with a possible two-year extension. Naver will retain control through voting agreements despite new regulations affecting crypto exchanges.

On April 16, Hong Kong's major indices rose significantly as geopolitical risks eased and positive economic data emerged. The Hang Seng Index climbed 1.72%, driven by gains in tech and lithium battery stocks, notably CATL and Baidu. New IPOs also saw strong performance.

Madison Air Solutions completed a $2.2 billion IPO, the largest in 2026, pricing shares at $27. Strong demand supported the offering, which reflects growth in data center cooling markets. However, risks include customer concentration and controlled company status.

X-Energy announced its IPO terms, intending to raise $750 million by issuing 42.9 million shares at $16 to $19 each. The Maryland-based company focuses on advanced modular reactors and has a strategic partnership with Amazon for nuclear capacity expansion.

Shengxin Technology completed its Hong Kong IPO subscription, raising HK$518.89 billion with a 295.6 times oversubscription. Planning to issue 83.348 million H shares, the company specializes in advanced PCBs for AI and computing, holding a significant global market share.

OpenAI has withdrawn from the Stargate data center project in Norway, shifting focus amid regulatory challenges and costs. British startup Ensacle will lease the facility to Microsoft, aiming to meet increasing AI demands in Europe.

DeShare has partnered with DigiFT to launch a SpaceX Pre-IPO asset presale on the Monad network, ensuring secure and transparent investment through 1:1 asset value anchoring. This collaboration expands DeShare's offerings in equity trading for global investors.

Victory Giant, a PCB maker, is set to price its Hong Kong share sale at HK$209.88 per share, aiming to raise HK$17.5 billion. The offering, driven by strong demand, could increase by 15%. Proceeds will mainly fund AI circuit board capacity expansion.

Dunamu and Naver Financial plan to merge by September 30, 2026, and pursue an IPO. Shareholders will exchange shares, with Dunamu becoming a subsidiary of Naver Financial, while merger details await regulatory review.