Today, Iluvatar CoreX (09903.HK), a domestic company specializing in the design of general-purpose GPU chips, made its much-anticipated debut on the Main Board of the Hong Kong Stock Exchange. The stock opened at a robust HK$190.2, marking a significant 31.54% surge from its issue price. The previous day's grey market activity had already hinted at strong investor interest, with gains reaching 37.07%. The response to Iluvatar CoreX's public offering in Hong Kong was overwhelming, with subscriptions approximately 414.24 times the available shares. Meanwhile, the international placing also saw substantial demand, being 10.68 times subscribed. Ultimately, the final issue price was set at the upper-middle range of the indicative price bracket, reflecting the market's confidence in the company.

Iluvatar CoreX stands as a premier provider of general-purpose GPU products and AI computing power solutions within China. The company has witnessed rapid business expansion, characterized by escalating shipments of its general-purpose GPU products and an ever-expanding customer base. Financially, Iluvatar CoreX has showcased remarkable performance, boasting a compound annual revenue growth rate of 68.8%. In the first half of 2025 alone, the company's revenue soared to RMB 324 million, a testament to its growing market presence and operational efficiency.