Chinese chipmaker Longsys seeks Hong Kong listing, aiming to raise up to $801 million
Shenzhen Longsys Electronics Co., Ltd. (Longsys) is seeking a listing in Hong Kong, aiming to raise up to HK$6.28 billion (approximately US$801 million) through the offering. According to the company's listing document released on Monday, the offering will provide approximately 26 million shares at a maximum price of HK$240.60 per share. If the over-allotment option is exercised, the fundraising scale could increase to US$1.06 billion, with an indicative market capitalization of up to US$24.9 billion. Longsys expects its shares to begin trading on September 8. This move follows a roughly 50% rise in the company's A-shares this year and continues the trend of Chinese AI supply chain companies going public.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
CoreWeave's default probability exceeds 60%, but NVIDIA CEO Jensen Huang states its financing costs are decreasing and NVIDIA is not required to backstop it.
-
2
UKMTO Warns of "Severe" Threat to Shipping in Strait of Hormuz, Attacks "Highly Likely"
-
3
CoreWeave Credit Default Swaps Hit Distressed Levels Amid Investor Concerns Over AI Debt
-
4
AWS, Anthropic, OpenAI and Google are racing to deploy specialized AI engineers to help companies realize returns on their AI investments
-
5
MSCI adopts new index exclusion rules; Strategy and Metaplanet may face removal, SharpLink placed on review list.
-
6
Fed's Hammack: Financial conditions do not appear restrictive right now
-
7
US embassy warns of potential attacks on Saudi airports, restricts staff travel and urges citizens to take extreme caution
-
8
MSCI Launches Consultation to Reclassify Indonesia Equity Indexes from Emerging to Standalone Market Status
-
9
Porsche CEO Michael Leiters discusses new Mission S supercar, China market, and future of EVs
-
10
Jensen Huang Responds to AI Compute Investment Anxiety: Backs CoreWeave, Says Market Misreads Compute Demand
Markets Today
Recommended Reading


