AI graphics chip maker Iluvatar CoreX Semiconductor Co. seeks to raise about $850 million in a Hong Kong share sale. The offering follows a significant stock rally since its January 2026 IPO and the recent expiration of a six-month lock-up period. Shares are being offered at HK$476 to HK$498.40, a discount of up to 15% on the July 8, 2026 closing price.
Share sale details
- ▪Iluvatar CoreX Semiconductor Co. is seeking to raise about $850 million from a share sale in Hong Kong
- ▪Iluvatar CoreX Semiconductor Co. is offering shares at a price range of HK$476 to HK$498.40 each
- ▪Iluvatar CoreX Semiconductor Co. is a maker of graphics processing units (GPUs) used in artificial intelligence
- ▪The share price range reflects a discount of up to 15% to the closing price on July 8, 2026
Lock-up period expiration
- ▪Iluvatar CoreX Semiconductor Co.'s stock has been soaring since its initial public offering in January 2026
- ▪Iluvatar CoreX Semiconductor Co. held its initial public offering in January 2026
- ▪A six-month lock-up period from Iluvatar CoreX Semiconductor Co.'s IPO expired on July 7, 2026
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