Shanghai-based GPU maker Iluvatar CoreX raised ~$902M in a Hong Kong share sale; the company's stock has soared 257% since its January IPO, which raised $473M (Bloomberg)

<a href="https://www.bloomberg.com/news/articles/2026-07-08/iluvatar-corex-seeks-to-raise-850-million-after-stock-rally"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260709/i1.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260709/p1#a260709p1" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.bloomberg.com/">Bloomberg</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-07-08/iluvatar-corex-seeks-to-raise-850-million-after-stock-rally">Shanghai-based GPU maker Iluvatar CoreX raised ~$902M in a Hong Kong share sale; the company's stock has soared 257% since its January IPO, which raised $473M</a></b></span>&nbsp; &mdash;&nbsp; Shanghai Iluvatar CoreX Semiconductor Co. raised about $902 million from a share sale in Hong Kong after its stock soared since an initial public offering in January.</p>