Data storage firm DapuStor said to pick banks for Hong Kong listing

The choice of underwriters signals that DapuStor is advancing a Hong Kong listing, but the absence of size, timing and valuation leaves the market with little to price. As an enterprise SSD maker, DapuStor sits at the intersection of China's storage hardware supply chain and the city's tech-listing pipeline, so the deal would test whether Hong Kong can absorb another mainland technology issuer. Whether the listing proceeds on the reported terms, and at what scale, is the open question.