➀ SurgeForce Technology, a Shanghai-based AI chip startup, is preparing for an IPO on the A-share market with a valuation of 16 billion yuan. ➁ The company has secured nearly 7 billion yuan through ten rounds of financing, with Tencent participating in six consecutive rounds. ➂ SurgeForce specializes in cloud computing power products for the AI sector, aiming to create a computing power foundation for general artificial intelligence.
Recent #IPO news in the semiconductor industry
➀ Suyi Technology, a Shanghai-based AI chip company, has filed for IPO and is under辅导备案 with the China Securities Regulatory Commission. ➁ Founded in 2018, Suyi focuses on cloud and edge computing for artificial intelligence, serving major clients including Tencent and China Mobile. ➂ The company has completed over 51 billion yuan in financing, with Tencent as its largest shareholder, holding a 21.37% stake.
➀ Kioxia Holdings, the world's third-largest NAND flash memory company, has applied for a listing on the Tokyo Stock Exchange, aiming for an October IPO with a market capitalization of over $10.4 billion. ➁ SK hynix, which has invested $3 billion in Kioxia, is expected to benefit significantly from the IPO, potentially recovering its investment and enhancing strategic cooperation. ➂ The listing is anticipated to have a limited impact on the NAND supply market, as the enterprise solid-state drive market is dominated by SK hynix and Samsung Electronics.
➀ Kioxia, a major NAND flash memory supplier, has filed for an IPO on the Tokyo Stock Exchange with a target valuation of over $10 billion. ➁ The company, currently controlled by Bain Capital, SK hynix, and Toshiba, aims to raise at least $500 million. ➂ This IPO marks Kioxia's second attempt to go public, reflecting an improved business climate and strong financial performance.
➀ Shenzhen Stock Exchange revealed an anonymous case of IPO manuscript tampering, involving the use of pasted images for seals and post-editing of sales orders. ➁ Changjing Technology, a semiconductor company, hastily withdrew its IPO application after being questioned by the exchange. ➂ The exchange found anomalies in the company's distribution revenue accounting and sales documents, with many original records unavailable.
1. NewLake Capital Partners has shown resilience post-IPO, recovering from a market low in 2023. 2. The company boasts strong financial health, attractive dividends, and unique opportunities in the cannabis property market. 3. With multiple growth catalysts and undervaluation, NLCP presents a high-risk, high-reward investment opportunity.
➀ The semiconductor industry is facing a capital winter with many startups struggling to secure funding and facing bankruptcy. ➁ IPOs for semiconductor companies have become increasingly difficult due to tightened regulations and market conditions. ➂ Mergers and acquisitions are emerging as a potential solution for companies unable to go public, supported by policy incentives.
➀ Jiangsu Pioneer Precision Technology Co., Ltd. has successfully passed the IPO review on the Science and Technology Innovation Board, focusing on key components for etching and thin-film deposition equipment, achieving domestic production of components for 7nm and below processes. ➁ The company has established long-term partnerships with leading domestic semiconductor equipment manufacturers such as North Micro, Zhongwei Company, and SMIC. ➂ Pioneer Precision plans to raise 587 million yuan through the IPO, aiming to further develop its technology and expand its product lines.
➀ Horizon Robotics, a leading provider of advanced driver-assistance systems (ADAS) and autonomous driving solutions, has received approval from the China Securities Regulatory Commission for its Hong Kong IPO. ➁ The company's last round of funding in September 2022 valued it at approximately $87.1 billion. ➂ Horizon Robotics offers a comprehensive suite of solutions including Horizon Matrix Mono, Pilot, and SuperDrive, catering to various levels of ADAS and AD needs. ➃ Despite significant investment in R&D leading to cumulative losses of $1.75 billion over three years, the company maintains high gross margins and strong cash reserves. ➄ Horizon Robotics has partnerships with major Chinese OEMs and has achieved substantial market penetration in the ADAS and AD sectors.
1. Next week, Wall Street's focus will shift to inflation data, including producer and consumer price indices. 2. The second quarter earnings season continues with major companies like Walmart, Home Depot, and Alibaba scheduled to report. 3. IPO watch includes YXT.COM Group Holding expected to raise $50M.
1. Kwon Tae-il, the representative of Yuracle, expressed confidence in the company's upcoming IPO and its plans for business expansion; 2. Yuracle is planning to enter overseas markets after its listing on the KOSDAQ; 3. The company has seen a significant increase in sales from major conglomerate affiliates and aims to leverage its funds raised through the IPO for global expansion and SaaS development.
1. The second quarter earnings season will be in focus with major companies like Alphabet and Tesla releasing their results. 2. The economic calendar will highlight the June personal income and outlays report, including the core PCE price index. 3. Notable events include the Bitcoin 2024 Conference and the start of the Paris Olympics.
1. The focus shifts to Q2 earnings season with major companies like Goldman Sachs, UnitedHealth, Johnson & Johnson, and Netflix reporting. 2. The Fed remains in the spotlight with several central bank speakers ahead of the blackout period. 3. Economic data will include retail sales and industrial production reports. 4. IPOs from Ardent Health Partners, Twfg, and Lirum Therapeutics are expected to price and start trading.
1. AI startup Muhayu is preparing for an IPO in the first half of 2026, with Mirae Asset Securities as the lead underwriter. 2. The company has secured 15 billion won in investment and is expanding its customer base in Japan and China. 3. Muhayu plans to launch a new product for domestic and international customers in the second half of this year, including a GPT killer service tailored for the Japanese market.
1. Raspberry Pi has set an IPO price valuing the company at approximately £542 million. 2. The price per share rose by a third in pre-offer 'conditional dealing' for institutions. 3. Open trading is set to commence on Friday, with the offer worth £166 million representing about 30.7% of the company's shares.
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