# Victory Giant Technology Huizhou Co., a Chinese supplier of Nvidia Corp., surged 50% in its Hong Kong trading debut.

*semiconductor · news · 2026-04-21 · Moneycontrol*

## Key points

- Victory Giant Technology raised $2.6 billion in Hong Kong's largest IPO in seven months.
- Three quarters of IPO funds will expand production in China, with the rest targeting Southeast Asia.
- Victory Giant plans $30 billion in added capacity within three years, including $10 billion for Southeast Asia.
- North American customers account for 70% of Victory Giant's total revenue.
- The IPO listing price was about 47% lower than Victory Giant’s Shenzhen share price before debut.

**Companies:** Nvidia Corp., Taiwan Semiconductor Manufacturing Co., ASML Holding NV, Morgan Stanley & Co. International Plc, BlackRock Inc., Victory Giant Technology Huizhou Co., China Investment Corp., Norges Bank Investment Management, Fidelity Investments, Yunfeng Capital
**Countries:** China, United States, Taiwan, South Korea, Vietnam, Thailand, Malaysia

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/markets/nvidia-supplier-victory-gian-set-for-debut-after-biggest-hong-kong-listing-this-year-13895347.html)

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