AI chipmaker SigmaStar Technology plans to list in Hong Kong this year, aiming to raise up to $300 million

TechFlow reported on Nov. 13 that, according to Bloomberg, AI chipmaker SigmaStar Technology is considering a Hong Kong listing as early as 2026 and plans to raise up to $300 million. The company has begun contacting potential investors and has hired CICC and CITIC Securities International to work on IPO preparations.

Headquartered in Xiamen, SigmaStar Technology is already listed on the Shenzhen Stock Exchange, and its A-share price has risen about 67% year to date.

The potential listing plan comes amid rising fundraising activity by Chinese tech companies in Hong Kong. Year to date, total Hong Kong IPO proceeds have reached $52.2 billion, gradually approaching the annual record of $57.8 billion set in 2010.

Source: TechFlow