AI Chip Maker SigmaStar Plans Hong Kong Listing This Year, Raising Up to $300 Million in Funds

TechFlow reported on Nov. 13 that, according to Bloomberg, AI chip manufacturer SigmaStar Technology is considering a Hong Kong listing as early as 2026, planning to raise up to $300 million. The company has begun contacting potential investors and has hired CITIC Securities and CITIC Securities International to participate in the related listing preparations.

Headquartered in Xiamen, SigmaStar Technology is already listed on the Shenzhen Stock Exchange, with its A-share price rising approximately 67% year-to-date.

This potential listing coincides with growing financing activities by Chinese tech companies targeting Hong Kong. Year-to-date, total proceeds from Hong Kong IPOs have reached $52.2 billion, gradually approaching the $57.8 billion annual record set in 2010.