Iluvatar CoreX Weighs $850 Million Hong Kong Share Sale

Shanghai Iluvatar CoreX Semiconductor (HKEX: 9903), a Chinese GPU maker, is considering an additional share sale in Hong Kong of about $850 million, according to reports on July 8, 2026. The move follows a sharp rally since its IPO, with the sale priced at HK$476 to HK$498.40 per share, implying a discount of up to 15% from the prior close. According to the report, the timing comes after the expiry of a six-month lock-up period from the IPO.