Shanghai Iluvatar CoreX Semiconductor Launches Hong Kong IPO to Raise HK$3.68 Billion

MT Newswires Live2025-12-30

Shanghai Iluvatar CoreX Semiconductor (HKG:9903) launched its Hong Kong initial public offering on Tuesday, aiming to raise about HK$3.68 billion.

The semiconductor company is offering 25,431,800 H-shares at an offer price of HK$144.60 per share, according to a Hong Kong bourse filing.

The offering comprises 2.5 million shares for Hong Kong investors and 22.9 million shares for international investors, subject to reallocation and the overallotment option.

The company secured 19 cornerstone investors, which committed to subscribing to HK$1.58 billion worth of IPO shares.

The allocation results are expected to be announced on Jan. 7, ahead of the company's trading debut on Jan. 8.

Net proceeds will be used primarily for research and development activities, as well as for marketing and sales purposes.

Huatai Financial Holdings (Hong Kong), CMB International Capital, Guosen Securities (HK), Zhongtai International Securities, Bowlea Securities, Carnegie Hill Capital Partners, and Star River Securities are the joint bookrunners of the IPO.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2595752707?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-30 09:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2595752707","market":"sh","top_or_hot":-1,"title":"Shanghai Iluvatar CoreX Semiconductor Launches Hong Kong IPO to Raise HK$3.68 Billion","media":"MT Newswires Live","content":"<html><body><p> Shanghai Iluvatar CoreX Semiconductor (HKG:9903) launched its Hong Kong initial public offering on Tuesday, aiming to raise about HK$3.68 billion.</p><p>The semiconductor company is offering 25,431,800 H-shares at an offer price of HK$144.60 per share, according to a Hong Kong bourse filing.</p><p>The offering comprises 2.5 million shares for Hong Kong investors and 22.9 million shares for international investors, subject to reallocation and the overallotment option.</p><p>The company secured 19 cornerstone investors, which committed to subscribing to HK$1.58 billion worth of IPO shares.</p><p>The allocation results are expected to be announced on Jan. 7, ahead of the company's trading debut on Jan. 8.</p><p>Net proceeds will be used primarily for research and development activities, as well as for marketing and sales purposes.</p><p>Huatai Financial Holdings (Hong Kong), CMB International Capital, <a href=\"https://laohu8.com/S/002736\">Guosen Securities</a> (HK), Zhongtai International Securities, Bowlea Securities, Carnegie Hill Capital Partners, and <a href=\"https://laohu8.com/S/SGU\">Star</a> River Securities are the joint bookrunners of the IPO.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shanghai Iluvatar CoreX Semiconductor Launches Hong Kong IPO to Raise HK$3.68 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShanghai Iluvatar CoreX Semiconductor Launches Hong Kong IPO to Raise HK$3.68 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-30 09:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Shanghai Iluvatar CoreX Semiconductor (HKG:9903) launched its Hong Kong initial public offering on Tuesday, aiming to raise about HK$3.68 billion.</p><p>The semiconductor company is offering 25,431,800 H-shares at an offer price of HK$144.60 per share, according to a Hong Kong bourse filing.</p><p>The offering comprises 2.5 million shares for Hong Kong investors and 22.9 million shares for international investors, subject to reallocation and the overallotment option.</p><p>The company secured 19 cornerstone investors, which committed to subscribing to HK$1.58 billion worth of IPO shares.</p><p>The allocation results are expected to be announced on Jan. 7, ahead of the company's trading debut on Jan. 8.</p><p>Net proceeds will be used primarily for research and development activities, as well as for marketing and sales purposes.</p><p>Huatai Financial Holdings (Hong Kong), CMB International Capital, <a href=\"https://laohu8.com/S/002736\">Guosen Securities</a> (HK), Zhongtai International Securities, Bowlea Securities, Carnegie Hill Capital Partners, and <a href=\"https://laohu8.com/S/SGU\">Star</a> River Securities are the joint bookrunners of the IPO.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09903","symbol_name":"天数智芯","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2595752707","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2595752707","pubTimestamp":1767059698,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Shanghai Iluvatar CoreX Semiconductor  launched its Hong Kong initial public offering on Tuesday, aiming to raise about HK$3.68 billion.The semiconductor company is offering 25,431,800 H-shares at an offer price of HK$144.60 per share, according to a Hong Kong bourse filing.The offering comprises 2.5 million shares for Hong Kong investors and 22.9 million shares for international investors, subject to reallocation and the overallotment option.The company secured 19 cornerstone investors, which committed to subscribing to HK$1.58 billion worth of IPO shares.The allocation results are expected to be announced on Jan. 7, ahead of the company's trading debut on Jan. 8.Net proceeds will be used primarily for research and development activities, as well as for marketing and sales purposes.Huatai Financial Holdings , CMB International Capital, Guosen Securities , Zhongtai International Securities, Bowlea Securities, Carnegie Hill Capital Partners, and Star River Securities are the joint bookr","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"09903":"天数智芯"},"translate_title":"上海Iluvatar CoreX半导体启动香港IPO募资36.8亿港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09903":0.9},"content_text":"Shanghai Iluvatar CoreX Semiconductor (HKG:9903) launched its Hong Kong initial public offering on Tuesday, aiming to raise about HK$3.68 billion.The semiconductor company is offering 25,431,800 H-shares at an offer price of HK$144.60 per share, according to a Hong Kong bourse filing.The offering comprises 2.5 million shares for Hong Kong investors and 22.9 million shares for international investors, subject to reallocation and the overallotment option.The company secured 19 cornerstone investors, which committed to subscribing to HK$1.58 billion worth of IPO shares.The allocation results are expected to be announced on Jan. 7, ahead of the company's trading debut on Jan. 8.Net proceeds will be used primarily for research and development activities, as well as for marketing and sales purposes.Huatai Financial Holdings (Hong Kong), CMB International Capital, Guosen Securities (HK), Zhongtai International Securities, Bowlea Securities, Carnegie Hill Capital Partners, and Star River Securities are the joint bookrunners of the IPO.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2595752707","isCrawlerRequest":true}