New Stock News | Victory Giant Technology (300476.SZ) is expected to be listed in Hong Kong as early as April, with an expected fundraising of 2 billion USD.

According to media reports, Victory Giant Technology (300476.SZ) could be listed in Hong Kong as soon as April. The report quoted sources as saying that Victory Giant Technology expects to raise approximately $2 billion (approximately 15.6 billion Hong Kong dollars) with joint sponsors Morgan Stanley, China Securities Co., Ltd., and GF SEC. Victory Giant Technology submitted prospectuses to the Hong Kong Stock Exchange on August 20, 2025, and February 24, 2026, and received approval from the China Securities Regulatory Commission for an overseas listing on March 6, 2026. The company is allowed to issue up to 1.102275 billion shares of overseas-listed common stock and be listed for trading on the Hong Kong Stock Exchange. According to the prospectus, based on sales revenue in 2024 and the first half of 2025, Victory Giant Technology is the world's leading supplier of artificial intelligence and high-performance computing printed circuit boards (PCBs), focusing on the research, development, production, and sales of high-end high-density interconnect (HDI) and high-multilayer PCBs. The prospectus shows that according to data from Frost & Sullivan in the first half of 2025, Victory Giant Technology is the global leader in terms of revenue from artificial intelligence and high-performance computing PCBs, with a market share of 1.7% in 2024 by the same metric, placing seventh globally. The core applications include AI computing cards, servers, AI servers, data center switches, general substrates, and other key equipment. As a leader in PCB industry technology, Victory Giant Technology has the capability to produce PCBs with over 100 layers and was among the first in the world to achieve large-scale production of 6-tier 24-layer HDI products, as well as having abilities in 8-tier 28-layer HDI and 16-layer Any-layer HDI technology. Its products are widely used in artificial intelligence, new energy vehicles, high-speed network communication, and other high-growth fields.