AI chipmaker SigmaStar Technology to raise $300 million in Hong Kong listing

Odaily reports: AI chipmaker SigmaStar Technology is considering a Hong Kong listing as early as this year, planning to raise up to $300 million. The company has begun engaging with potential investors and has hired CICC and CITIC Securities International as relevant partners.

Headquartered in Xiamen, SigmaStar Technology's Shenzhen-listed shares have risen 67% so far this year. The listing plan comes as Chinese tech companies' Hong Kong fundraising activity picks up. Year-to-date, Hong Kong IPO proceeds have reached $52.2 billion, approaching the annual record of $57.8 billion set in 2010. (Bloomberg)