SICC CO.(SH:688234) Zhong Guo Jing Ji Wang·2025-09-01 09:20Core Viewpoint - Tianyue Advanced (688234.SH) has experienced a decline in its stock prices on both the Hong Kong and A-share markets, indicating a challenging market response since its IPO [1][3]. Group 1: Stock Performance - Tianyue Advanced's stock closed at 42.02 HKD in Hong Kong, down 4.28%, marking a new low since its listing [1]. - The A-share price also fell to 63.41 CNY, with a decrease of 1.69% [1]. Group 2: IPO Details - The company was listed on the Hong Kong Stock Exchange on August 20, 2025, with a final offer price of 42.80 HKD, raising a total of 2,043.5 million HKD [1]. - After deducting estimated listing expenses, the net proceeds amounted to 1,938.1 million HKD [1]. - The total number of H-shares offered globally was 47,745,700, with 16,711,000 shares allocated for the Hong Kong offering [1]. Group 3: Previous Listing Information - Tianyue Advanced was previously listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 12, 2022, with an issue price of 82.79 CNY per share [3]. - The total funds raised from the IPO were 3.558 billion CNY, with a net amount of 3.203 billion CNY after expenses [3]. - The company initially aimed to raise 2 billion CNY for its silicon carbide semiconductor materials project, exceeding its target by 1.203 billion CNY [3]. Group 4: Underwriters and Fees - The underwriting and sponsorship fees for the IPO amounted to 319 million CNY, with total issuance costs of 354 million CNY [4].