xFusion Digital Technologies has passed the Shenzhen Stock Exchange’s listing committee review, clearing a key step toward an IPO as demand for AI computing infrastructure grows. The server maker plans to raise 8 billion yuan, equivalent to $1.20 billion.
November 13, 2026, 11:42 AM 723 0
The committee said in a statement dated Thursday that xFusion met requirements for share issuance, listing and disclosure. The exchange operator did not say when the IPO might take place.
xFusion provides computing infrastructure and supplies servers to enterprise customers. Its prospectus reported revenue of 58.25 billion yuan in 2025 and 37.29 billion yuan in the first half of 2026.
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