Shares soar as recently-listed Zhipu AI and Iluvatar CoreX launch secondary placements
Shares of Chinese artificial intelligence model developer Zhipu AI and chipmaker Iluvatar CoreX Semiconductor surged on Thursday after the tech companies launched separate secondary share placements to raise billions of Hong Kong dollars for hardware and research. Zhipu AI, which trades as Knowledge Atlas Technology, saw its stock surge 11.3 per cent to HK$2,032 (US$259.23) on Thursday after launching an accelerated bookbuild to raise HK$31.4 billion. The company is offering 19.8 million primary...
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