Sou Hu Cai Jing·2025-07-09 12:54Group 1 - FORTIOR officially listed on the Hong Kong Stock Exchange on July 9, with an initial offering size of $288 million, potentially increasing to $331 million if the greenshoe option is fully exercised [2] - This IPO marks the first semiconductor company in Hong Kong's market and is the largest semiconductor IPO since 2015 [2] - The funds raised will be used to enhance R&D capabilities, strategic investments and acquisitions, expand overseas sales networks, and diversify product offerings [2] Group 2 - CICC served as the sole sponsor and played a crucial role in the successful listing of FORTIOR, leveraging its deep understanding of the semiconductor industry to attract multiple high-quality long-term investors [3] - FORTIOR specializes in the design and development of BLDC motor drive control chips, establishing a strong market position [3] - As of December 31, 2023, FORTIOR holds a 4.8% market share in China's BLDC motor control and drive chip market, ranking sixth and being the only Chinese company among the top ten [3]