Chinese GPU maker confidentially files for Hong Kong IPO amid fundraising wave: sources

Firm’s year-end listing plan underscores China’s chip self-reliance and follows Biren, Iluvatar and Moore Threads in the fundraising rush The Shanghai-based company was targeting an initial public offering (IPO) by the end of this year, according to the sources, who asked not to be identified because the information was confidential. The company did not immediately respond to a request for comment on Friday. The wave has been driven by Beijing’s semiconductor self-reliance initiative amid US export controls.

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