SigmaStar Technology Plans to Raise $300 Million in Hong Kong IPO

AI chip manufacturer SigmaStar Technology plans to go public in Hong Kong as early as this year, aiming to raise up to $300 million. The company has engaged with potential investors and has appointed China International Capital Corporation and CITIC Securities International as its partners. Headquartered in Xiamen, SigmaStar's shares listed in Shenzhen have risen 67% this year. This IPO plan comes as Chinese tech companies are reviving their fundraising activities in Hong Kong, with the total amount raised from IPOs in the Hong Kong stock market reaching $52.2 billion this year, nearing the record of $57.8 billion set in 2010.

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