Chinese chip designer Kiwimoore targets $2 billion valuation for Hong Kong IPO

China-based chip design company Kiwimoore is aiming for a valuation of approximately $2 billion in its planned initial public offering (IPO) in Hong Kong, according to sources. The move comes amid ongoing fundraising efforts in the global chip sector, as reported by Reuters. Kiwimoore has reportedly initiated the application process to list on the Hong Kong Stock Exchange and is holding discussions with investors. The company's valuation is expected to be around $2 billion, reflecting the growth potential of China's semiconductor industry. The report highlights that Kiwimoore operates in chip design, focusing on products for artificial intelligence and high-performance computing. Its preference for Hong Kong is seen as a strategy to access regional capital markets and reach an international investor base. This development stands out as part of broader efforts by Chinese technology firms to raise funds on global exchanges. However, the exact timing and final valuation of the IPO may vary depending on market conditions and regulatory approvals. This is not investment advice.