Chinese GPU maker Denglin Technology raises HK$1.41 billion in Hong Kong IPO

Suzhou Denglin Technology began trading on the Hong Kong stock exchange after raising HK$1.41 billion in its initial public offering. The company priced its shares at HK$231 each and expects to receive HK$1.31 billion in net proceeds after expenses. Denglin develops general-purpose graphics processing units designed for artificial intelligence workloads. Open article →