Core Viewpoint - TianShu ZhiXin Semiconductor Co., Ltd. is launching an IPO to raise approximately HKD 3.7 billion, with a market capitalization of HKD 35.442 billion upon listing on the Hong Kong Stock Exchange [1][3] Group 1: IPO Details - The IPO will issue 25,431,800 H-shares, with 2,543,200 shares available for public offering in Hong Kong and 22,888,600 shares for international offering [1] - The offering price is set at HKD 144.60 per share, aiming for a total fundraising of around HKD 3.7 billion [1] Group 2: Investor Participation - A cornerstone team of 18 top investors has been established, with a total subscription amounting to HKD 1,583,195,754, including notable firms such as ZTE Corporation (Hong Kong), UBS AM Singapore, and Sequoia China [3] - The company has garnered support from various well-known institutions, indicating strong capital recognition [3] Group 3: Business Performance - The number of clients served by the company has increased from 22 to 181 from 2022 to 2024, with projections to exceed 290 clients by June 30, 2025 [4] - Revenue growth is notable, with figures of CNY 189 million, CNY 289 million, and CNY 540 million for 2022, 2023, and 2024 respectively, reflecting a compound annual growth rate of 68.8% [4] - The shipment volume is expected to double from 7,800 units in 2022 to 16,800 units in 2024, with 15,700 units projected for the first half of 2025 [4] Group 4: Industry Context - The domestic general-purpose GPU sector is gaining recognition in the capital market, with a shift in valuation focus towards sustainable technology assets and delivery capabilities [4] - TianShu ZhiXin is positioned as a leader in the domestic general-purpose GPU market, being the first in China to achieve mass production of general-purpose GPUs [6] - The company’s comprehensive self-research capabilities and product matrix are expected to enhance its competitive edge in the AI infrastructure sector [6]
港股迎来稀缺硬科技标的 天数智芯启动招股 18家基石投资者认购超15.83亿港元
智通财经网·2025-12-30 05:41