{"slug": "chinese-gpu-maker-confidentially-files-for-hong-kong-ipo-amid-fundraising-wave", "title": "Chinese GPU maker confidentially files for Hong Kong IPO amid fundraising wave: sources", "summary": "Chinese GPU maker MetaX has confidentially filed for a Hong Kong IPO, targeting a listing by the end of this year, according to sources. The Shanghai-based company is working with Huatai International Financial Holdings on the potential share sale, joining peers Biren Technology, Iluvatar CoreX and Moore Threads in a fundraising wave driven by Beijing's semiconductor self-reliance initiative amid US export controls.", "body_md": "Advertisement\n\n# Chinese GPU maker confidentially files for Hong Kong IPO amid fundraising wave: sources\n\nFirm’s year-end listing plan underscores China’s chip self-reliance and follows Biren, Iluvatar and Moore Threads in the fundraising rush\n\n2-MIN READ2-MIN\n\nListen\n\nMetaX, a Chinese maker of\n\n[graphics processing units](https://www.scmp.com/tech/tech-trends/article/3360908/chinese-nvidia-alternatives-project-massive-sales-ai-chip-demand-surges?module=inline&pgtype=article)(GPUs), has confidentially filed for a listing in Hong Kong, according to people familiar with the matter.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.\n\n[MetaX](https://www.scmp.com/tech/article/3356961/chinas-nvidia-challenger-metax-eyes-hong-kong-share-sale-fund-ai-ambitions?module=inline&pgtype=article)was working with Huatai International Financial Holdings on the potential share sale, the people said.\n\nThe company did not immediately respond to a request for comment on Friday.\n\nThe IPO plan comes amid a surge of capital-raising by China’s\n\n[artificial intelligence chipmakers](https://www.scmp.com/tech/tech-trends/article/3361596/chinas-tech-firms-turn-global-ai-boom-opportunity-amid-fierce-rivalry-home?module=inline&pgtype=article), with peers Biren Technology, Iluvatar CoreX and Moore Threads listing in Shanghai or Hong Kong since late 2025.The wave has been driven by Beijing’s semiconductor self-reliance initiative amid US export controls.\n\nAdvertisement\n\nSelect Voice\n\nSelect Speed\n\n1.00x", "url": "https://wpnews.pro/news/chinese-gpu-maker-confidentially-files-for-hong-kong-ipo-amid-fundraising-wave", "canonical_source": "https://www.scmp.com/business/banking-finance/article/3361754/chinese-gpu-maker-confidentially-files-hong-kong-ipo-amid-fundraising-wave-sources?utm_source=rss_feed", "published_at": "2026-07-24 10:34:48+00:00", "updated_at": "2026-07-24 10:42:39.089210+00:00", "lang": "en", "topics": ["ai-chips", "artificial-intelligence", "ai-startups"], "entities": ["MetaX", "Huatai International Financial Holdings", "Biren Technology", "Iluvatar CoreX", "Moore Threads", "Hong Kong"], "alternates": {"html": "https://wpnews.pro/news/chinese-gpu-maker-confidentially-files-for-hong-kong-ipo-amid-fundraising-wave", "markdown": "https://wpnews.pro/news/chinese-gpu-maker-confidentially-files-for-hong-kong-ipo-amid-fundraising-wave.md", "text": "https://wpnews.pro/news/chinese-gpu-maker-confidentially-files-for-hong-kong-ipo-amid-fundraising-wave.txt", "jsonld": "https://wpnews.pro/news/chinese-gpu-maker-confidentially-files-for-hong-kong-ipo-amid-fundraising-wave.jsonld"}}