SiliconFlow files for Hong Kong IPO less than three years after founding
Chinese technology firm SiliconFlow, established less than three years ago, has submitted a listing application to the Hong Kong Stock Exchange. The company aims to capitalize on the rapidly growing AI market.
Hong Kong-based SiliconFlow, a technology firm specializing in AI solutions, has filed a listing application with the Hong Kong Stock Exchange. The company seeks to be listed under Chapter 18C, the regime for specialist technology companies, signaling its ambitions in the fast-paced tech sector. This move comes just 34 months after SiliconFlow's inception, highlighting its rapid development and strategic positioning in the AI landscape.
Financial disclosures reveal significant revenue growth for SiliconFlow, though losses remain substantial. Revenue reached RMB 7.35 million in 2024 and surged to RMB 55.33 million in 2025, marking a 653% year-on-year increase. Concurrently, the company reported net losses, which escalated from RMB 81.92 million in 2024 to RMB 345 million in 2025. Adjusted net losses were RMB 54.01 million and RMB 187 million, respectively, for the two years.
The company has experienced substantial growth, attributed to the surge in AI applications. By 2025, SiliconFlow reported over 10 million registered users and served more than 13,000 enterprise clients. Its daily average token throughput dramatically increased to 578.5 billion by April 2026, with peak throughput exceeding one trillion. The firm's offerings include API services, dedicated instances, an enterprise-grade MaaS platform, and integrated large model hardware solutions.
SiliconFlow states its mission is to become a globally leading AI capability provider, accelerating the democratization of Artificial General Intelligence (AGI). The company has applied its technologies in areas such as large language models, text-to-image generation, and video creation. Founded in August 2023, SiliconFlow operates in a competitive and evolving technology market.