Gate News message, April 16 — Shengxin Technology (02476), a major supplier of advanced artificial intelligence and high-performance computing PCBs for companies including NVIDIA, completed its Hong Kong IPO subscription period on April 16. The company received HK$518.89 billion in margin financing, achieving an oversubscription rate of 295.6 times based on the public offering portion of HK$17.49 billion.
The company plans to issue 83.348 million H shares, with 10% allocated for public offering at a price not exceeding HK$209.88 per share, targeting maximum capital raised of HK$17.49 billion. Each lot consists of 100 shares with an entry fee of approximately HK$21,199.7. The company is expected to list on April 21, with JPMorgan, CITIC Securities International, and GF Securities serving as joint sponsors.
Shengxin Technology secured notable cornerstone investors including CPE Rosewood, Janchor Fund, Foresight, HHLRA, Pinpoint, Sunshine Insurance, Yongcong Asset Management, Huizhou Huilian, HK Greenwoods, Harvest International, Cloudview, Xinyue Investment, Tianhong Fund, Name Creator Group Chairman Ye Guofu, Singularity Asset, Everbright Wealth Management, Jump Trading, Luhua Daosheng, Mirae Asset, Panjing Fund, WSOF, Black Dragon, and Huaqin Singapore, with collective subscriptions totaling approximately $1 billion.
According to prospectus disclosures, Shengxin Technology possesses manufacturing capability for over 100-layer high-multilayer PCBs and was among the first globally to achieve mass production of 6-order 24-layer HDI products, as well as 10-order 30-layer HDI and 16-layer Any-layer HDI technologies. These capabilities position the company to deliver ultra-complex, high-density PCBs for cutting-edge AI and high-performance computing applications.
Based on 2024 and first-half 2025 sales revenue, Shengxin Technology ranks as a leading supplier of advanced AI and high-performance computing PCB products. The company focuses on research, development, production, and sales of high-order, high-density interconnect (HDI) and high-multilayer PCB (MLPCB) products. According to Frost & Sullivan data, in the first half of 2025, the company held 13.8% market share in AI and high-performance computing PCB revenue, ranking first globally. In 2024, it ranked seventh globally with 1.7% market share. Core applications include AI computing cards, servers, AI servers, data center switches, and universal substrates.
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
JPMorgan Executive: Tokenization Will Transform Funds Industry, but 'Good Use Cases' Still Years Away
Gate News message, April 25 — JPMorgan's global head of ETF product, Ciarán Fitzpatrick, said tokenization will drive significant change across the entire funds industry, not just ETFs. "We believe tokenization will certainly drive how the market changes, not just for ETFs but across the funds indus
GateNews5m ago
GSR Debuts BESO ETF With Bitcoin, Ethereum, Solana
GSR debuts BESO ETF with active strategy, adjusting Bitcoin, Ether, and Solana allocations weekly to outperform benchmarks.
ETF records nearly $5M in first-day volume, signaling early investor interest in diversified crypto investment products.
Launch aligns with growing ETF momentum as
CryptoFrontNews2h ago
JPMorgan ETF Trend Report: API-ification, Active Management at 83%, Tokenization Split into Two Paths—Synthetic and Native
JPMorgan Chase’s report highlights three major trends: 1) AP’s API automated trading accounts for about 50% of top-tier market traffic; 2) in 2025, actively managed ETFs make up 83% of new issuance, and are expected to become mainstream in 2026–27; 3) tokenization splits into two paths: synthetic (mirroring prices through derivatives) and native (issued on the blockchain). The report emphasizes improving transparency and governance with tools such as Athena, and monitors subsequent follow-through and the timeline toward formal productization.
ChainNewsAbmedia3h ago
Solana Spot ETF Sees $1.14M Net Outflows Yesterday, FSOL Posts Gains While VSOL Declines
Gate News message, April 25 — Solana spot ETFs recorded a combined net outflow of $1.1364 million yesterday (April 24), according to SoSoValue data.
Fidelity Solana Fund ETF (FSOL) posted a single-day net inflow of $257,000 and has accumulated $158 million in historical net inflows. VanEck Solana E
GateNews6h ago
JPMorgan: Tokenization Will Transform Funds Industry, but Quality Use Cases Still Years Away
Gate News message, April 25 — Ciarán Fitzpatrick, JPMorgan's global head of ETF product and securities services, said tokenization should drive significant change across the entire funds industry, not just for ETFs. In a post released Friday, Fitzpatrick noted that experimentation with tokenizing ET
GateNews6h ago
DOJ Drops Criminal Investigation Into Fed Chair Powell, Clearing Path for Crypto-Friendly Warsh's Confirmation
Gate News message, April 25 — The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chair Jerome Powell, removing a key obstacle to Senate confirmation of Kevin Warsh as the incoming Fed chair. On Friday (April 24), U.S. Attorney for the District of Columbia
GateNews6h ago
