TMTPOST -- Qinghai Lihao Semiconductor Material Co., a Chinese supplier of solar-energy materials, is reportedly planning an initial public offering (IPO) in Hong Kong as soon as the second half of 2025, according to sources familiar with the matter. The IPO, supported by venture capital firm IDG Capital, would likely raise approximately 1 billion yuan ($138 million). The company, which specializes in manufacturing silicon materials for solar cells, is still in the process of deliberating the offering, and the details could change, the sources added, requesting anonymity due to the private nature of the discussions.