纳芯微今起招股 比亚迪、三花控股及小米等基投认购约10.891亿港元发售股份

Group 1 - The company, Naxin Micro (02676), plans to conduct an initial public offering (IPO) from November 28 to December 3, 2025, offering 19.0684 million H-shares, with 10% allocated for public sale in Hong Kong and 90% for international sale, subject to reallocation [1] - The maximum offer price is set at HKD 116.00 per share, with trading expected to commence on December 8, 2025 [1] - The company has secured cornerstone investment agreements with several entities, including Golden Link, which is indirectly wholly owned by BYD, and Green Better, a subsidiary of Xiaomi [1] Group 2 - Assuming the offer price is HKD 116.00 per share and the overallotment option is not exercised, the net proceeds from the global offering are estimated to be approximately HKD 2.0964 billion [2] - The allocation of the proceeds includes 18% for enhancing underlying technology capabilities, 22% for expanding the product portfolio in automotive electronics, 25% for expanding overseas sales networks, 25% for strategic investments or acquisitions, and 10% for working capital and general corporate purposes [2] - The company operates on a fabless model, focusing on chip research and design while outsourcing wafer manufacturing and most packaging testing to third-party service providers [2]