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joined discussion · Jan 30 08:19

IPO News | 'AI Inference System Chip Supplier' Axera Intelligence Initiates Bookbuilding, Aiming for Listing on February 10, Minimum Subscription Amount HKD 2,848.44

Futu News reported on January 30 that$AXERA (00600.HK)$The company announced a public offering from January 30 to February 5, with plans to globally distribute approximately 104,915,200 shares. It is expected to go public on February 10, 2026.
Futu News reported on January 30 that$AXERA (00600.HK)$The company announced a public offering from January 30 to February 5, with plans to globally distribute approximately 104,915,200 shares. It is expected to go public on February 10, 2026. Company Overview The company is a supplier of AI inference system chips, focusing on creating high-performance perception and computing platforms for edge computing and terminal device AI applications. It is committed to building advanced AI computing infrastructure, promoting the widespread adoption of artificial intelligence, making AI accessible to all, and contributing to a better life. The core technology of the company's SoC products is the Aixintongyuan hybrid precision neural network processor, a specialized processing architecture that achieves excellent AI inference performance through advanced hybrid precision computing. This technology is critical for deploying quantized models, enabling AI inference at the edge and on terminal devices. In particular, the rapidly expanding intelligent vehicle industry is driving the accelerated adoption of this technology. Complementing the hybrid precision NPU is the company’s Aixin Zhiyan (Axera Proton) AI-ISP, the world's first commercially scaled AI image signal processor. Aixin Zhiyan AI-ISP is an advanced image signal processing engine capable of optimizing visual data in real-time at the pixel level, ensuring high-quality imaging even under harsh conditions. Combined with other technologies from the company, such as Pulsar...
Company Overview
The company is a supplier of AI inference system chips, focusing on creating high-performance perception and computing platforms for edge computing and terminal device AI applications. It is committed to building advanced AI computing infrastructure, promoting the widespread adoption of artificial intelligence, making AI accessible to all, and contributing to a better life. The core technology of the company's SoC products is the Aixintongyuan hybrid precision neural network processor, a specialized processing architecture that achieves excellent AI inference performance through advanced hybrid precision computing.
This technology is critical for deploying quantized models, enabling AI inference at the edge and on terminal devices. In particular, the rapidly expanding intelligent vehicle industry is driving the accelerated adoption of this technology. Complementing the hybrid precision NPU is the company’s Aixin Zhiyan (Axera Proton) AI-ISP, the world's first commercially scaled AI image signal processor. Aixin Zhiyan AI-ISP is an advanced image signal processing engine capable of optimizing visual data in real-time at the pixel level, ensuring high-quality imaging even under harsh conditions. Combined with other technologies from the company, such as the Pulsar2 toolchain and software development kit, these innovations address the fundamental 'computation' needs for AI inference, as well as the key 'perception' applications that create tangible value.
Financial Overview
The company’s revenue increased from RMB 50.2 million in 2022 to RMB 230.1 million in 2023, and further increased to RMB 472.9 million in 2024. Additionally, the company’s revenue rose from RMB 254.2 million for the nine months ended September 30, 2024, to RMB 269.0 million for the nine months ended September 30, 2025.
The company’s gross profit grew from RMB 13.0 million in 2022 to RMB 59.2 million in 2023, and further increased to RMB 99.4 million in 2024. It also rose from RMB 53.5 million for the nine months ended September 30, 2024, to RMB 57.0 million for the nine months ended September 30, 2025.
Futu News reported on January 30 that$AXERA (00600.HK)$The company announced a public offering from January 30 to February 5, with plans to globally distribute approximately 104,915,200 shares. It is expected to go public on February 10, 2026. Company Overview The company is a supplier of AI inference system chips, focusing on creating high-performance perception and computing platforms for edge computing and terminal device AI applications. It is committed to building advanced AI computing infrastructure, promoting the widespread adoption of artificial intelligence, making AI accessible to all, and contributing to a better life. The core technology of the company's SoC products is the Aixintongyuan hybrid precision neural network processor, a specialized processing architecture that achieves excellent AI inference performance through advanced hybrid precision computing. This technology is critical for deploying quantized models, enabling AI inference at the edge and on terminal devices. In particular, the rapidly expanding intelligent vehicle industry is driving the accelerated adoption of this technology. Complementing the hybrid precision NPU is the company’s Aixin Zhiyan (Axera Proton) AI-ISP, the world's first commercially scaled AI image signal processor. Aixin Zhiyan AI-ISP is an advanced image signal processing engine capable of optimizing visual data in real-time at the pixel level, ensuring high-quality imaging even under harsh conditions. Combined with other technologies from the company, such as Pulsar...
Use of Proceeds
In terms of use of proceeds, Axera Technology expects the net proceeds from the global offering to be approximately HKD 2.7901 billion (assuming the over-allotment option is not exercised and based on an offer price of HKD 28.2). According to the prospectus, Axera Technology intends to allocate the proceeds from the global offering for the following purposes:
Approximately 60.0% will be used to invest in optimizing the company's existing technology platforms, primarily to enhance the high performance and efficiency of current products and launch new products over the next four years; around 15.0% will be allocated to R&D projects over the next four years, mainly to develop new technologies that expand the company’s business scope; about 5.0% will be used for sales expansion over the next four years; roughly 10.0% will be dedicated to equity investments or acquisitions aimed at further integrating upstream and downstream industry resources over the next four years; and about 10.0% will be used for working capital and other general corporate purposes.
More reading:Axera Technology Prospectus
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Futu News reported on January 30 that$AXERA (00600.HK)$The company announced a public offering from January 30 to February 5, with plans to globally distribute approximately 104,915,200 shares. It is expected to go public on February 10, 2026. Company Overview The company is a supplier of AI inference system chips, focusing on creating high-performance perception and computing platforms for edge computing and terminal device AI applications. It is committed to building advanced AI computing infrastructure, promoting the widespread adoption of artificial intelligence, making AI accessible to all, and contributing to a better life. The core technology of the company's SoC products is the Aixintongyuan hybrid precision neural network processor, a specialized processing architecture that achieves excellent AI inference performance through advanced hybrid precision computing. This technology is critical for deploying quantized models, enabling AI inference at the edge and on terminal devices. In particular, the rapidly expanding intelligent vehicle industry is driving the accelerated adoption of this technology. Complementing the hybrid precision NPU is the company’s Aixin Zhiyan (Axera Proton) AI-ISP, the world's first commercially scaled AI image signal processor. Aixin Zhiyan AI-ISP is an advanced image signal processing engine capable of optimizing visual data in real-time at the pixel level, ensuring high-quality imaging even under harsh conditions. Combined with other technologies from the company, such as Pulsar...
Editor/Deng
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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