Core Viewpoint - Wallen Technology, a domestic GPU manufacturer, has chosen to list on the Hong Kong Stock Exchange instead of the A-share Sci-Tech Innovation Board, amidst the ongoing hype surrounding its competitor, Moore Threads [1][2]. Group 1: Company Overview - Wallen Technology was founded in 2019 and focuses on developing original general computing systems and efficient hardware-software platforms, aiming to provide integrated solutions in the intelligent computing sector [4]. - The company has successfully launched its first domestic high-end general GPU, the Bili series, which is now in mass production [4]. Group 2: Financing and IPO Details - Wallen Technology plans to issue up to 372,458,000 shares for its overseas listing and convert 873,272,024 shares held by 57 shareholders into shares for trading on the Hong Kong Stock Exchange [1]. - The total amount raised through public financing has exceeded 5 billion RMB, with investments from notable firms such as Qiming Venture Partners, IDG Capital, and Hillhouse Capital [4]. Group 3: Industry Context - The domestic GPU "Four Little Dragons," including Wallen Technology, Moore Threads, Suiyuan Technology, and Muxi, have all initiated their IPO processes, but with varying progress [5]. - As of 2024, Suiyuan Technology has received approval for its IPO counseling, while Wallen Technology has also begun its IPO journey with the support of Guotai Junan Securities [5][6].
就在A股爆炒摩尔线程之际，壁仞科技选择港交所上市！国产GPU“四小龙”上市地选择分化，证监会发布壁仞科技“全流通”备案通知