09903 天數智芯
ILUVATAR COREX
ILUVATAR COREX
| Register Close | 2026/01/05 IPO Closing in 4 Days |
| Listing Date | 2026/01/08 |
|
|
|
|
|
|
|
|
|
|
IPO Detail
COMPANY PROFILE
Shanghai Iluvatar CoreX Semiconductor Co. offers GPGPU products and AI computing solutions across diverse industries. The Group’s product portfolio primarily includes GPGPU chips and accelerators, as well as customized AI computing solutions, including GPGPU servers and clusters, that combine its hardware with proprietary software stack to address specific customer needs in training and inference scenarios.
--
According to the report, among China’s chip designers, the Group is the first to achieve mass production of inference GPGPU chips, to mass produce training GPGPU chips, and to accomplish these milestones using advanced 7nm process technology.
--
As of June 30, 2025, the Group had shipped over 52,000 units of GPGPU products to more than 290 customers in various sectors. The Group’s products and solutions have enabled over 900 deployments and applications in essential sectors including financial services, healthcare and transportation, while supporting industrial digitalization initiatives across manufacturing and retail, as well as foundational research and educational computing applications.
--
The Group’s major customers primarily included cloud computing service providers, AI model developers, research institutions, as well as enterprises from sectors such as electronics, semiconductors, manufacturing and consumer internet.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Semiconductors |
| Major Business Area | China |
| Board Lot | 100 |
GLOBAL OFFERING
| No. of Offer Shares | 25.43M H shares |
| No. of International Offer Shares | 22.89M H shares |
| No. of HK Offer Shares | 2.54M H shares |
| Offer Price | $144.60 |
| Stock Code | 9903 |
| Sponsor(s) | Huatai Financial Holdings (Hong Kong) Limited |
| Underwriter(s) | Huatai Financial Holdings (Hong Kong) Limited, CMB International Capital Limited, Guosen Securities (HK) Brokerage Company, Limited, Zhongtai International Securities Limited, Bowlea Securities Limited, Carnegie Hill Capital Partners Limited, Star River Securities Limited |
TIME TABLE
| Application Period | Dec 30 (Tue) - noon, Jan 05 (Mon) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Jan 07 (Wed) |
| Result Announcement Date | On or before Jan 07 (Wed) |
| Result Announcement Date | On or before Jan 08 (Thu) |
| Dealings in Shares commence on | Jan 08, 2026. (Thu) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $144.60 |
| Capitalization (H Shares) | 35.44B |
| NAV / share ($) | $24.03 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 144.6, the net proceeds raised would be HKD 3.48B, of which |
| 80% : Research and development of products and solutions |
| 10% : Sales and marketing including expanding our sales and service network, improving the service quality, enhancing brand awareness and enhance service penetration |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
Name︰
--
--
--
Subscription --
Result Announcement --
Listing --Offer Price︰--
| Currency | : |
| Listing Price | : |
| Board Lot | : |
| Admission Fee* |
: |
| Subscribing Lot | : |
| Subscribing Fee | : |
| Subscribing Amount | : |
*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).