Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 30 years of experience in the Korean/Asian equity research. Major sectors coverage include the following:
- Technology 
- Consumer 
- Special Situations/Deep Value Plays
- Tender Offers/M&As
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

Shanghai Iluvatar CoreX Semiconductor Hong Kong IPO Valuation Analysis

GigaDevice Semiconductor Secondary Listing (Hong Kong) Preview

Biren Technology HK IPO Valuation Analysis

Taiwan Tech Weekly: Samsung Planning to Leapfrog TSMC 2nm in the U.S.; Why Long TSMC Vs. Short UMC

Long TSMC / Short UMC: Invest in a Structural Monopoly Vs. A Crowded Recovery

Douglas Research Advisory

Equity Capital Markets

<ul>
<li>Shanghai Iluvatar CoreX Semiconductor is getting ready to complete its IPO in Hong Kong on 8 January 2026. </li>
<li>Iluvatar CoreX is a domestic leader in China's general-purpose GPU sector and was the first Chinese chip designer to mass-produce both training and inference GPGPU chips using 7nm process technology.</li>
<li>The company is offering 25.43 million shares at HK$144.6 per share to raise around HK$3.7 billion (US$475 million). At this IPO price, it values the company at about US$4.6 billion. </li>
</ul>


Shanghai Iluvatar CoreX Semiconductor is getting ready to complete its IPO in Hong Kong on 8 January 2026. 
Iluvatar CoreX is a domestic leader in China's general-purpose GPU sector and was the first Chinese chip designer to mass-produce both training and inference GPGPU chips using 7nm process technology.
The company is offering 25.43 million shares at HK$144.6 per share to raise around HK$3.7 billion (US$475 million). At this IPO price, it values the company at about US$4.6 billion. 


Shanghai Iluvatar CoreX Semiconductor Hong Kong IPO Preview