# Chinese GPU maker confidentially files for Hong Kong IPO amid fundraising wave: sources > Source: > Published: 2026-07-24 10:34:48+00:00 Advertisement # Chinese GPU maker confidentially files for Hong Kong IPO amid fundraising wave: sources Firm’s year-end listing plan underscores China’s chip self-reliance and follows Biren, Iluvatar and Moore Threads in the fundraising rush 2-MIN READ2-MIN Listen MetaX, a Chinese maker of [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. [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. The company did not immediately respond to a request for comment on Friday. The IPO plan comes amid a surge of capital-raising by China’s [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. Advertisement Select Voice Select Speed 1.00x