Victory Giant joins IPO push by China’s circuit-board makers amid AI frenzy

Victory Giant Technology, a Chinese printed circuit board (PCB) supplier for companies like Nvidia, began bookbuilding in Hong Kong on Monday for an IPO aiming to raise up to $2.2 billion. This move highlights the growing interest in China's PCB sector, driven by increasing global demand for AI infrastructure. The IPO, potentially the largest in Hong Kong this year, will gauge market sentiment amidst geopolitical tensions and increased regulatory oversight of IPOs. Victory Giant's listing reflects a broader trend of Chinese PCB manufacturers seeking public funding to capitalize on the AI-driven demand for these essential electronic components. The success of this IPO could signal the strength of China's domestic chip supply chain and its ability to meet the needs of the burgeoning AI industry.