China’s GigaDevice Semiconductor (603986.SS) is targeting to raise up to HK$4.68 billion ($601.47 million) in an initial public offering in Hong Kong, according to a filing with the exchange on Wednesday.
The semiconductor firm’s Hong Kong listing plans come amid a wave of Chinese artificial intelligence and chip companies seeking to raise funds in Hong Kong’s booming IPO market.
GigaDevice is offering 28.9 million H shares under the listing, with a maximum offer price of HK$162.00 apiece.
Chinese AI startup MiniMax Group is also aiming to raise up to HK$4.19 billion in a Hong Kong IPO, a separate exchange filing showed on Wednesday.
(Source: Reuters)
