Ge Long Hui·2025-11-27 02:53Core Viewpoint - Tianyu Semiconductor, a Chinese silicon carbide epitaxial wafer manufacturer, is launching an IPO to raise approximately HKD 1.744 billion, with shares priced at HKD 58 each [1] Fundraising and Allocation - The company is offering 30.07 million H-shares, with 10% allocated for public offering in Hong Kong and 90% for international placement [1] - The net proceeds from the IPO will be allocated as follows: - Approximately 62.5% for expanding overall production capacity over the next five years to enhance market share and product competitiveness [1] - About 15.1% for improving independent research and innovation capabilities to enhance product quality and shorten new product development cycles [1] - Around 10.8% for strategic investments or acquisitions to expand the customer base, enrich the product portfolio, and supplement technology [1] - Approximately 2.1% for expanding global sales and marketing networks [1] - About 9.5% for working capital and general corporate purposes [1] Listing Information - The stock is expected to be listed for trading on December 5 [1] - The entry fee for one lot of 50 shares is HKD 2,929.24 [1]