Chinese GPU maker confidentially files for Hong Kong IPO amid fundraising wave: sources

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.

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