iQIYI (IQ) Rockets 23.6% on HK Listing

We recently published 10 Stocks Defy Chaos With Jaw-Dropping Gains. iQIYI, Inc. (NASDAQ:IQ) is one of the top performers of last week.

iQIYI saw its share prices grow by 23.62 percent week-on-week as investor sentiment was bolstered by news that it was in the works for a secondary public listing in Hong Kong which could raise the company up to $300 million in fresh funds.

A report by Reuters, citing people privy to the matter, said that iQIYI, Inc. (NASDAQ:IQ) officially tapped Bank of America, JPMorgan, and China International Capital Corp. to work on its Hong Kong listing scheduled for February 2026.iQIYI (IQ) Rockets 23.6% on HK Listing

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The report said that iQIYI, Inc. (NASDAQ:IQ) was targeting to officially file the application for a public offer by the end of the third quarter.

iQIYI, Inc. (NASDAQ:IQ), alongside Bank of America, JPMorgan, declined Reuters’ request for comments on the matter.

A growing number of Chinese companies have been keen on listing publicly on other global exchanges over fears of getting forcefully delisted from the US stock exchanges.

Several states in the US have already petitioned to have the Chinese companies delisted, accusing the latter of failing to comply with certain federal laws and regulations.

While we acknowledge the potential of IQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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