China’s Nvidia challenger MetaX eyes Hong Kong share sale to fund AI ambitions

MetaX, a Shanghai-based graphics processing unit (GPU) designer, said on Friday that it plans to pursue a Hong Kong listing, less than half a year after its debut on Shanghai’s technology-focused Star Market. The company said in a filing that the proposed H-share offering would support its business expansion, strengthen corporate governance and competitiveness, and advance its international growth strategy. MetaX plans to issue H shares equivalent to no more than 5 per cent of its enlarged share...