Chinese AI server maker xFusion clears review for $1.2 billion Shenzhen IPO

Chinese AI server manufacturer xFusion has cleared the review process for a proposed 8 billion yuan ($1.2 billion) initial public offering on the Shenzhen stock exchange. According to a filing, the exchange's listing committee confirmed that the company met requirements on share issuance, listing, and disclosure. The committee also questioned xFusion regarding operating performance sustainability, gross margin trends, and customer and supplier concentration. Open article →