Chinese AI server maker xFusion clears review for $1.2b Shenzhen IPO
Chinese AI server manufacturer xFusion Digital Technologies has cleared a key Shenzhen Stock Exchange review for its planned $1.2 billion listing on the ChiNext growth board. The listing committee requested that the company address various factors, including gross margin trends, operating performance sustainability, demand for computing capacity, and customer concentration. The company plans to raise 8 billion yuan through the proposed IPO sponsored by CITIC Securities. Open article →
- AI server maker xFusion gets approval from the Shenzhen Stock Exchange for a ChiNext IPO; filing: the company aims to raise ~$1.2B by issuing up to 220M shares
- Chinese AI server maker xFusion clears review for $1.2 billion Shenzhen IPO
- Huawei spin-off xFusion seeks US$1.2 billion IPO, capitalizing on China's AI server boom