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The Nexus
BUSINESSJul 9 · 05:00 UTCSCMP WORLDAnn Cao

Shares soar as recently-listed Zhipu AI and Iluvatar CoreX launch secondary placements

Shares of Zhipu AI and Iluvatar CoreX Semiconductor surged after they launched secondary placements to raise billions of Hong Kong dollars for hardware and research. Zhipu AI, trading as Knowledge Atlas Technology, saw its stock rise 9% following an accelerated bookbuild offering.

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