Gate News message, April 21 — Victory Giant Technology Huizhou, a Chinese printed circuit board supplier to Nvidia, surged up to 60% on its Hong Kong trading debut following a HK$2.6 billion (US$332 million) IPO. The deal marks Hong Kong’s largest IPO in seven months.
The company priced the offering at HK$209.88 (US$27) per share, at the top of the range. A total of 37 cornerstone investors, including Yunfeng Capital, Morgan Stanley, Hillhouse, and Mirae Asset, committed to purchasing approximately HK$997 million (US$127 million) of stock with a six-month lock-up period.
Victory Giant reported 2025 revenue of 19.3 billion yuan (US$2.83 billion) and net profit of 4.3 billion yuan (US$632 million), representing a 273.5% year-over-year increase. The company plans to deploy IPO proceeds to expand production capacity in mainland China. Its Hong Kong offer was priced at approximately a 47% discount to its Shenzhen close, after shares rose more than fourfold over the past year.
The company holds the leading global market share in printed circuit boards for AI and high-performance computing systems, with its share climbing from 1.7% in 2024 to 13.8% in the first half of 2025. Revenue from high-density interconnect boards for AI servers surged 388.2% year over year in 2025.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin spot ETF sees net inflows for 5 consecutive days, with BlackRock’s IBIT taking the dominant position
According to data published by SoSoValue on April 21, 2026, U.S. Eastern Time on April 20, Bitcoin spot ETFs recorded a total net inflow of $238 million, marking the fifth consecutive trading day of net inflows; as of press time, the total net asset value of Bitcoin spot ETFs reached $100.33B.
MarketWhisper4m ago
Market chatter says AMD is teaming up with GlobalFoundries to move into silicon photonics, and traders have named these four targets
AMD plans to collaborate with GlobalFoundries to develop a next-generation AI accelerator Instinct MI500 chiplet co-packaged optics solution, improving data center transmission efficiency and reducing power consumption and latency. This technology represents a strategic focus for future AI infrastructure, and it also drives increased demand across the related supply chain, including external laser light source suppliers such as Sivers and Lumentum. However, the specific details of the collaboration still need to be confirmed later.
ChainNewsAbmedia21m ago
Bitmine bought 101627 ETH last week! Tom Lee: Crypto winter is nearing its end
Bitmine Immersion Technologies (BMNR) announced on April 20 that it purchased 101,627 Ethereum (ETH) last week, the largest week-over-week purchase since 2026, bringing its total ETH holdings to 4,976,000. Bitmine chairman Tom Lee said publicly that the crypto winter is closer to ending than the market expects.
MarketWhisper24m ago
Gate TradFi Stocks section launches with trading pairs IWM, VOO, IVV, and XPENG; supports 4x fixed leverage
Gate News update: The Gate TradFi Stocks section is now live, offering four stock CFD trading pairs—IWM (Russell 2000 ETF), VOO (S&P 500 ETF—Vanguard), IVV (S&P 500 ETF—iShares), and XPENG (XPeng Inc.—W 09868.HK). All pairs support 4x fixed leverage, with a minimum order size of 0.1.
This section covers CFD derivatives trading for traditional financial assets. Users can trade in the TradFi section on the Gate platform.
GateAnnouncement40m ago
SpaceX Plans Three-Day Closed-Door Analyst Briefing to Attract Wall Street Ahead of $75B IPO
SpaceX is progressing with its IPO plans, hosting a three-day analyst briefing at its facilities in Texas and Tennessee to raise $75 billion, potentially making it the largest IPO ever. Discussions are confidential, with strict rules for attendees.
GateNews1h ago
The Smarter Web Company Completes $2M Private Placement Share Offering
The Smarter Web Company has completed a private placement of shares, raising about £153.74 million. The firm will retain 98.25% of the net proceeds, with 52,377,540 shares still unallocated.
GateNews1h ago
