China chip designer Kiwimoore plans Hong Kong IPO at $2 billion valuation
Chinese chip designer Kiwimoore has confidentially filed for an initial public offering (IPO) in Hong Kong, aiming for a valuation of approximately $2 billion. Founded in 2021, the Shanghai-based company specializes in networking technology for artificial intelligence accelerators in computing clusters. The IPO is expected to take place in the first half of 2027, with Kiwimoore having raised about 700 million yuan ($103.79 million) in a previous funding round.