兆易创新招股结束 孖展认购额达1937亿港元 超购近413倍

Group 1 - The core viewpoint of the news is that GigaDevice Semiconductor (兆易创新) has successfully completed its IPO process, raising significant capital and attracting substantial investor interest, with an oversubscription rate of 412.9 times [1] - GigaDevice plans to issue 28.916 million H-shares, with a public offering accounting for 10% of the total shares, and the offering price is set between HKD 132 and HKD 162, aiming to raise up to HKD 4.68 billion [1] - The company has engaged several cornerstone investors, including Yuanfeng Capital and CPE, with a total subscription amount nearing USD 300 million at the highest offering price [1] Group 2 - GigaDevice is a diversified integrated circuit design company that provides a range of chip products, including Flash, niche DRAM, microcontrollers (MCUs), analog chips, and sensor chips, catering to various sectors such as consumer electronics, automotive, industrial applications, and IoT [2] - The company operates on a fabless business model, focusing on design and R&D while outsourcing manufacturing to external foundries and partners for semiconductor assembly and testing [2] - GigaDevice has established a strong global customer base and holds significant market positions, being the second largest in NOR Flash globally and the first in mainland China, with a market share of 18.5% [3] Group 3 - Financially, GigaDevice reported revenues of approximately RMB 8.13 billion, RMB 5.76 billion, RMB 7.36 billion, and RMB 4.15 billion for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, respectively [3] - The company's profits for the same periods were RMB 2.05 billion, RMB 0.16 billion, RMB 1.10 billion, and RMB 0.59 billion [3]