According to the China Securities Regulatory Commission,Watch Operation Condor Online Chinese GPU (Graphics Processing Unit) firm MetaX has completed IPO counseling with Huatai United Securities as the counseling agency, a key part of the pre-IPO regulatory process in China’s capital markets. Founded in 2020, MetaX focuses on full-stack GPU chips and solutions, offering products that include intelligent inference, general-purpose computing, and graphics rendering. The company has raised billions of yuan across eight funding rounds over five years. The 2024 Hurun Unicorn List estimated its valuation at RMB 10 billion ($1.38 billion). Additionally, several domestic GPU companies such as Biren, Moore Threads, and Enflame Technology have initiated IPO counseling processes since last year. [Jiemian, in Chinese]
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