MetaX Integrated Circuits Shanghai (SHA:688802) is planning an initial public offering (IPO) of H-shares and listing on the main board of The Stock Exchange of Hong Kong, the company said in a filing on Friday.
Details of the IPO are yet to be finalized.
Since shares of the company began to trade in Shanghai in December 2025 after raising $586 million, the stock has surged 564%. The current market value of the firm stands at 278 billion yuan, according to Bloomberg News on Friday.
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