HK Stock Movement | YEEBO (INT'L H) (00259) Rises Nearly 7% as Domestic GPU Leader Metax Prepares for STAR Market Listing

Stock News12-11

YEEBO (INT'L H) (00259) surged nearly 7%, reaching HK$4.64 by the time of writing, with a trading volume of HK$10.54 million. The uptick follows news that Metax Integrated Circuits (Shanghai) Co., Ltd. disclosed its IPO results for listing on the STAR Market on December 10.

Metax, a leading domestic high-performance general-purpose GPU manufacturer, set its IPO price at RMB 104.66 per share, making it the second-highest priced STAR Market IPO this year after Moore Thread's RMB 114.28 per share. Notably, Metax's online subscription abandonment rate was lower than Moore Thread's.

Public records indicate that Suanfeng Information, a wholly-owned subsidiary of YEEBO (INT'L H), is both a key client and shareholder of Metax, a rising star in China's AI chip sector.

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