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05.12.25 - 05:06
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China Chipmaker Moore Threads Soars After IPO (Bloomberg)
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Moore Threads Technology Co. surged in its Shanghai trading debut after raising 8 billion yuan in the year's second-largest onshore IPO. Bloomberg's Gao Yuan explains what the challenges ahead will be. (Source: Bloomberg)...
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05.12.25 - 01:15
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Earth Clone designer 51World faces IPO reality check (Bamboo Works)
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The maker of “digital twin” tools and simulations, including a plan for a virtual copy of the earth's surface, is grappling with earnings pressure and rising competition Key Takeaways: By Lee Shih Ta Creating a digital clone of the earth sounds more like the plot of a science fiction movie than the pitch for.....
The post Earth Clone designer 51World faces IPO reality check appeared first on Bamboo Works....
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04.12.25 - 17:02
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China′s AI Chip Leaders Ride IPO Wave Amid Drive for Tech Self-Sufficiency (Caixin)
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Two of China's top homegrown contenders in the artificial intelligence chip space — MetaX Integrated Circuit Co. Ltd. and Moore Threads Technology Co. Ltd. — are heading into high-profile public listings this week, amid soaring investor interest and intensifying government efforts to build a self-reliant semiconductor industry.MetaX, a GPU developer founded by veterans of Advanced Micro Devices Inc. (AMD), will begin its share subscription on Friday, offering 40.1 million shares at 104.66 yuan apiece. The offering is expected to raise 3.9 billion yuan ($552 million) after fees, according to a Wednesday filing.On the same day, Beijing-based Moore Threads, which priced its 7.6 billion yuanIPO last week, will start trading on Shanghai's Nasdaq-style Star Market. Demand was fierce: valid orders exceeded the available shares by 4,126 times. Its 114.28 yuan per share pricing marks the highest for any A-share IPO this year.The listings underscore Beijing's accelerated efforts to build domestic alternative...
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04.12.25 - 12:06
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China′s top AI chip firms set for bumper IPOs as Nvidia kept out of market (SCMP)
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China's Nvidia challengers Moore Threads and MetaX are set for their hotly anticipated market debuts, driven by investor excitement over domestic demand for home-grown graphics processing units (GPUs) amid Beijing's tech self-sufficiency drive.
Beijing-based GPU maker Moore Threads, which was 4,000 times oversubscribed after launching its 8 billion yuan (US$1.13 billion) initial public offering (IPO) last week, will be listed on Shanghai's Nasdaq-style Star Market on Friday, according to a......
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04.12.25 - 09:15
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Soul App files for IPO, riding early-mover status in AI-backed hunt for emotional satisfaction (Bamboo Works)
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The social platform plans to entice investors with the combination of its self-developed AI model, immersive social scenarios, and strong profitability Key Takeaways: By Doug Young ChatGPT may have the answers to all your questions on everyday matters, but Soulgate Inc., which runs the Soul App social platform in China, thinks it has the.....
The post Soul App files for IPO, riding early-mover status in AI-backed hunt for emotional satisfaction appeared first on Bamboo Works....
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04.12.25 - 07:06
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HashKey′s IPO seeks US$300 million under shadow of Beijing′s regulatory scrutiny (SCMP)
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The initial public offering (IPO) of HashKey Holdings, operator of Hong Kong's largest cryptocurrency exchange, lays bare challenges faced by local platforms under Beijing's watchful eye, even though the listing itself was recognition of the growing influence of digital assets in the city, according to analysts.
HashKey, established in Hong Kong in 2018, on Monday cleared its Hong Kong listing hearing after a confidential filing earlier this year, paving the way for an IPO that could raise up to......
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