SICC CO.(SH:688234) Zhong Guo Jing Ji Wang·2025-08-21 08:58Core Viewpoint - Tianyue Advanced (688234.SH) has experienced a significant decline in its stock prices, with its Hong Kong shares closing at 43.22 HKD, down 5.09%, marking a new low on its second trading day [1] Group 1: Stock Performance - Tianyue Advanced's A-share price also fell, closing at 63.53 CNY, a decrease of 4.12% [1] - The company is currently in a state of stock price decline, having broken its initial offering price of 82.79 CNY per share [1] Group 2: IPO Details - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 12, 2022, with an initial public offering (IPO) price of 82.79 CNY per share and issued 42.97 million shares [1] - The total funds raised from the IPO amounted to 3.558 billion CNY, with a net amount of 3.203 billion CNY after deducting issuance costs, exceeding the original plan by 1.203 billion CNY [1] - The funds were intended for a silicon carbide semiconductor materials project [1] Group 3: Hong Kong Listing - Tianyue Advanced is set to be listed on the Hong Kong Stock Exchange on August 20, 2025, with a final offering price of 42.80 HKD per share [2] - The total amount raised from the Hong Kong listing is approximately 2.0435 billion HKD, with a net amount of about 1.9381 billion HKD after estimated listing expenses [2] - The global offering included 47,745,700 H-shares, with 16,711,000 shares allocated for the Hong Kong offering [2]