Suzhou Denglin Technology began trading in Hong Kong on Tuesday after raising HK$1.41 billion in its initial public offering. The company sold 6.125 million shares at HK$231 each, the bottom of its offer range.
Denglin develops general-purpose GPUs for AI workloads. It expects to receive HK$1.31 billion in net proceeds after listing expenses. [Denglin Technology’s HKEX filing]