TechBloomberg Tech2h ago
Longsys Set to Debut in Hong Kong
Longsys Set to Debut in Hong Kong After $903 Million Listing
TL;DRChinese chip maker Longsys raised $903M and debuts on Hong Kong exchange Tuesday.
Why it matters: Tests Hong Kong's appetite for AI supply chain IPOs amid market saturation.
Shenzhen Longsys Electronics Co. is set to begin trading in Hong Kong on Tuesday after raising HK$7.08 billion ($903 million) in an upsized share sale, testing the resilience of investor enthusiasm after a flurry of artificial intelligence supply chain offerings in the city.
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