Chinese Chipmakers Denglin and Xinde Make Mixed Hong Kong Market Debuts

Chinese chipmakers Denglin, Xinde trade mixed in Hong Kong debuts

Chinese GPU maker Denglin Technology raises HK$1.41 billion in Hong Kong IPO · TechNode

Suzhou Denglin Technology began trading in Hong Kong on Tuesday after raising HK$1.41 billion in its initial public offering. The company sold 6.125 million shares at HK$231 each, the bottom of its offer range. Denglin develops general-purpose GPUs for AI workloads. It expects to receive HK$1.31 billion in net proceeds after listing expenses. [Denglin Technology’s […]

As 1 mainland Chinese chip IPO soars, another stumbles in busy Hong Kong week

Mixed debuts for two chip suppliers show investors remain selective despite a pickup in listings.

Chinese chipmakers Denglin and Xinde make mixed Hong Kong market debuts

Chinese chipmakers Suzhou Denglin Technology and Jiangsu Xinde Semiconductor Technology made contrasting Hong Kong market debuts after raising a combined HK$2.36 billion through their IPOs. Denglin opened 0.9% below its offer price, while Xinde gained 20.5%. Both companies plan to use most of the proceeds to expand their semiconductor businesses.

Chinese chip firms Denglin, Xinde open mixed in Hong Kong debuts

HONG KONG, Nov 10 : Shares of Chinese AI chip designer Suzhou Denglin Technology opened 0.9 per cent lower in their Hong Kong debut on Tuesday after the company raised HK$1.41 billion ($180 million) in an initial public offering.Semiconductor packaging firm Jiangsu Xinde Semiconductor Technology opened 20.5 p

China Chipmakers to Debut in HK in Test of Tech Stock Demand

Chip suppliers Suzhou Denglin Technology Co. and Jiangsu Xinde Semiconductor Technology Co. are set to begin trading in Hong Kong on Tuesday after raising a combined $301 million in their initial public offerings, entering the market at a time of extreme volatility especially for technology stocks.