上市首日暴涨！“港股GPU第一股”市值一度破千亿港元

Group 1 - On January 2, Wallen Technology was listed on the Hong Kong Stock Exchange, becoming the first "domestic GPU stock" and the first stock listed in Hong Kong in 2026, with an opening surge of over 100% and a market capitalization exceeding HKD 100 billion at one point [2] - As of the report, Wallen Technology's stock rose by 79.9% to HKD 35.26, with a total market capitalization of HKD 84.488 billion [2] - The company is a provider of general-purpose intelligent computing solutions, focusing on its self-developed Walli series GPU products to provide computing infrastructure across various industries [3] Group 2 - Wallen Technology's IPO price was HKD 19.6, issuing 285 million shares and raising a total of HKD 5.583 billion, with funds primarily allocated for R&D of intelligent computing solutions, hardware development, software platform upgrades, and general operational purposes [3] - The company experienced significant subscription demand, with a 2347.53 times oversubscription in the public offering and 25.95 times in the international placement [3] - Revenue projections for Wallen Technology from 2022 to 2025 show figures of HKD 0.499 million, HKD 62.03 million, HKD 337 million, and HKD 590 million, with annual losses of HKD 1.474 billion, HKD 1.744 billion, HKD 1.538 billion, and HKD 1.601 billion respectively [3] Group 3 - Prior to the IPO, Wallen Technology completed 10 rounds of financing, attracting notable investors including state-owned platforms and various venture capital firms [4] - In 2024, NVIDIA and AMD are projected to hold 98% of the Chinese general-purpose GPU market, with Wallen Technology expected to capture 0.16% of the intelligent computing chip market and 0.2% of the general-purpose GPU market [4] - Wallen Technology has filed over 1,500 patents globally, leading among Chinese general-purpose GPU companies, with a 100% authorization rate for invention patents [4] Group 4 - The Chinese intelligent computing chip market is expected to grow from approximately 20% in 2024 to about 60% by 2029, indicating opportunities for market expansion for individual players [4] - Prior to Wallen Technology's listing, two other domestic GPU manufacturers, Moore Threads and Muxi Co., had already been listed on the A-share Science and Technology Innovation Board in December [5]