Chinese AI Chip IPO Boom Continues with MetaX Drawing Higher Subscriptions as Investors Bet on Nvidia Rival
MetaX Integrated Circuits Shanghai is set to start trading after raising US$585.8 million in an IPO that was nearly 3,000 times oversubscribed, showing strong demand from investors. The company makes AI graphics chips and is seen as a potential local rival to Nvidia, following the huge gains of Moore Threads Technology.