Victory Giant Technology (Huizhou) Co., Ltd. (300476.SZ) has obtained a filing notice from the China Securities Regulatory Commission (CSRC) for its overseas share offering and listing. The company plans to issue up to 110,227,500 ordinary shares for listing on the Hong Kong Stock Exchange.
According to its prospectus, data from Frost & Sullivan shows that based on AI and high-performance computing PCB revenue in the first half of 2025, Victory Giant Technology holds the top global market share. In 2024, by the same metric, the company ranked seventh worldwide with a market share of 1.7%. Its core applications include key equipment such as AI computing cards, servers, AI servers, data center switches, and general-purpose substrates.
As a technology leader in the PCB industry, Victory Giant Technology possesses the manufacturing capability to produce high-layer PCBs with over 100 layers. It is among the first companies globally to achieve mass production of 6-order 24-layer HDI products, as well as to master the technology for 8-order 28-layer HDI and 16-layer Any-layer HDI. Its products are widely used in high-growth sectors such as artificial intelligence, new energy vehicles, and high-speed network communications.
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