IPO News | Denglin Technology's Hong Kong stock IPO and “full circulation” of domestic unlisted shares were registered by the China Securities Regulatory Commission

The Zhitong Finance App learned that on November 6, the International Cooperation Department of the China Securities Regulatory Commission issued the “Notice on the “Full Circulation” of Overseas Issuance and Domestic Unlisted Shares of Suzhou Denglin Technology Co., Ltd. The company intends to issue no more than 11,040,000 overseas listed common shares and list them on the Hong Kong Stock Exchange. The 45 shareholders of the company intend to convert a total of 54,583,999 domestic unlisted shares into overseas listed shares and list them for circulation on the Hong Kong Stock Exchange.

According to the prospectus, Denglin Technology is a general purpose graphics processor (GPGPU) provider that develops and sells GPGPU products to meet the AI computing needs of China's Qianxing Industry. The company relies on a proprietary GPU+* (Minsky™) architecture (the company's proprietary GPU chip architecture integrates GPGPU core, AI acceleration unit, and high-bandwidth on-chip memory subsystem into a single chip in a heterogeneous manner), uses enterprise AI as the core target market, and seeks to expand innovative fields such as public cloud markets and robots.