“Still haven’t made significant profits yet, but the valuation has already reached 20 billion. Why is there an urgency to go public secretly?”

The independent variable technology company is planning a secret listing, aiming to issue shares on the Science and Technology Innovation Board. The expected fundraising amount is approximately 1.5 billion yuan. The company focuses on the field of self-developed chips, with core products including high-performance computing chips and AI acceleration chips, aimed at addressing the shortage of domestic computing power. Although the company has not yet achieved large-scale profitability, its valuation has exceeded 20 billion yuan due to its technical barriers and market potential. The funds raised will be used mainly for expanding production capacity and increasing research and development investment.