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Muyuan targets $1.4 bln in Hong Kong’s biggest IPO of 2026
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The Pig Site
It was one of two sizeable launches on Thursday, underscoring growing deal momentum for Hong Kong, which topped global rankings for equity capital market proceeds in 2025.
Its revenue for the nine months ended September rose 15.5% to 111.8 billion yuan ($16 billion).
Revenue for the 10 months ended October jumped 64.4% to 4.31 billion yuan, while net profit more than doubled to 518.9 million yuan.
Other chip-related companies lining up for Hong Kong share sales include Montage Technology and Axera Semiconductor.
($1 = 7.8019 Hong Kong dollars)($1 = 6.9462 Chinese yuan)