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July 9, 2026 ai_technology technology

Shanghai-based GPU maker Iluvatar CoreX raised ~$902M in a Hong Kong share sale; the company's stock has soared 257% since its January IPO, which raised $473M (Bloomberg)

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Bloomberg: Shanghai-based GPU maker Iluvatar CoreX raised ~$902M in a Hong Kong share sale; the company's stock has soared 257% since its January IPO, which raised $473M — Shanghai Iluvatar CoreX Semiconductor Co. raised about $902 million from a share sale in Hong Kong after its stock soared since an initial public offering in January.

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