[News says semiconductor materials company Qinghai Lihao considers Hong Kong IPO, may raise about 1 billion yuan] Jinshi Data November 20, informed sources revealed that Qinghai Lihao Semiconductor Materials Co., Ltd. is considering an initial public offering (IPO) in Hong Kong as early as the second half of 2025. Supported by venture capital firm IDG Capital, Qinghai Lihao may raise about 1 billion yuan (138 million USD) through the IPO. They stated that discussions are still ongoing and the details of the issuance may change. (Source: Jinshi Data)