Kirkland Represents Iluvatar CoreX on its HK$7.07 Billion H-Share Placing

Kirkland & Ellis represented Shanghai Iluvatar CoreX Semiconductor Co., Ltd.  (Iluvatar CoreX, HKEX: 9903) on its landmark H-share Placing (the H-Share Placing), which was announced on July 10, 2026 and completed on July 13, 2026. The placing agents included Goldman Sachs, Morgan Staley, Huatai International and J.P.Morgan.

The gross proceeds from the H-Share Placing amounted to approximately HKD 7.07 billion, which marks it the largest H-share placing in the semiconductor sector in Hong Kong since 2026. The net proceeds will be used to strengthen supply-chain resilience and strategic procurement, accelerate product iteration and R&D of next-generation products, enhance full-stack software and solution capabilities and expand scenario-based AI computing solutions in key industries, pursue selective investments and acquisitions, and fund working capital and for general corporate purposes.

Kirkland has been providing Iluvatar CoreX with post-listing annual compliance advice ever since the successful HKD 3.7 billion Hong Kong IPO in January 2026.

The Kirkland team included capital markets lawyers Mengyu Lu, George Zheng, Qingyu Wu, Jiawei Zhao and Yan Liang.