By Foster Wong | Updated on Jun 12, 2026 at 02:08 PM
MetaX Integrated Circuits Shanghai Co. plans to list shares in Hong Kong to capture the boom in chip stocks after a blockbuster initial public offering in mainland China last year.
The proposed Hong Kong listing will support the company’s growth and globalization strategy, it said in a Shanghai Stock Exchange filing Friday. The plan remains subject to shareholder and regulatory approvals, while discussions with advisers are ongoing and transaction details have yet to be finalized.
The maker of graphics processing units for artificial intelligence developers started trading in Shanghai in December after raising $586 million. It has soared 564% since the IPO, lifting its market value to 278 billion yuan ($41 billion).
MetaX would be joining a growing group of AI-related Chinese companies that have listed or are planning to sell shares in Hong Kong, where more than $22 billion has been raised in IPOs alone this year. There’s strong demand for Chinese companies as they develop new technologies with Beijing’s backing.
ChangXin Memory Technologies recently filed for a Shanghai IPO that may raise at least 29.5 billion yuan , which would be the mainland’s largest in several years. Yangtze Memory Technologies is also expected to seek a listing this year.