A Chinese company is planning to go public in Hong Kong. The company, a chip designer called Kiwimoore, has filed for an initial public offering.

The valuation target for this offering is around $2 billion. This information comes from sources familiar with the matter, as reported by Ziyi Tang and Kane Wu.

Further details about Kiwimoore's plans can be found in the original report from the Galveston County Daily News source, which provides more information on the company's decision to list in Hong Kong.