HUIZHOU, CHINA – Victory Giant Technology is reportedly preparing a secondary listing in Hong Kong that could raise more than $2 billion.

The company, which is already listed on the Shenzhen Stock Exchange, is targeting a Hong Kong offering as soon as April after receiving regulatory approval from China’s securities regulator last week. Victory Giant’s board had previously approved the plan in July.

Details of the offering, including the final size and timing, remain under discussion and could still change.

Victory Giant, founded in 2006, manufactures printed circuit boards used in applications including artificial intelligence servers. The company reported revenue of 13.4 billion yuan ($1.9 billion) from PCB products during the first nine months of last year.