AI chip manufacturer Starry Technology will go public in Hong Kong to raise 300 million USD

AI chip manufacturer SigmaStar Technology is considering going public in Hong Kong as early as this year, planning to raise up to 300 million USD. The company has begun discussions with potential investors and has hired China International Capital Corporation and CITIC Securities International as related partners.

SigmaStar Technology is headquartered in Xiamen, and its Shenzhen-listed stock has risen 67% this year. This listing plan comes at a time when the financing activities of Chinese technology companies in Hong Kong are warming up; the total amount raised from Hong Kong IPOs this year has reached 52.2 billion USD, approaching the annual record of 57.8 billion USD set in 2010.