Victory Giant Technology Huizhou Co., a Chinese printed‑circuit‑board supplier for AI servers, is set to price its Hong Kong IPO at the top of the indicated range, sources say. The company plans to list shares at HK$209.88 each, the maximum price advertised to investors. Investors have shown strong appetite, pushing the pricing toward the ceiling, and order book reflects investor enthusiasm for AI‑linked semiconductors.

The IPO, the biggest Hong Kong share sale in seven months, could expand if Victory Giant exercises an option to boost the offering to as much as $2.6 billion. Raising that amount would underline demand for components that power next‑generation AI data centers and could lift the company’s market valuation into the high‑single‑digit billions. Such a scale would also improve pricing leverage for future secondary offerings.

Pricing at the ceiling signals confidence that the firm’s PCB business can capitalize on the AI boom, while also setting a benchmark for other Chinese tech listings in Hong Kong. The final price will determine proceeds that may fund capacity expansion and bolster the company's balance sheet, immediately enhancing its competitive stance.