Chinese Storage Unicorn Shenzhen AMTHC Applies for IPO on the Hong Kong Stock Exchange

BlockBeats News, July 3rd, according to the Hong Kong Exchange filing, Chinese storage unicorn Shenzhen Ramaxel Technology Co., Ltd. submitted its listing application to the Hong Kong Stock Exchange, with CICC acting as the sole sponsor, planning to raise funds for product development, SoC iteration, and capacity expansion.

Shenzhen Ramaxel Technology Co., Ltd. (referred to as "Ramaxel"), established in 2018, is a rapidly rising Chinese domestic independent memory manufacturer, ranking fifth globally and second in mainland China. It mainly operates in embedded storage (eMMC/UFS), solid-state drives (SSD), mobile storage, and DRAM modules, widely used in consumer electronics, automotive electronics, AI/data centers, and other fields. Its products have been incorporated into the supply chains of Xiaomi, OPPO, vivo, TCL, among others, and have obtained automotive-grade certification. Following a Series D funding round in 2023, the post-investment valuation is approximately 10.8 billion yuan, with investors including TCL, and Sinopharm Group.