Shulou(Shulou.com)11/24 Report--

CTOnews.com August 6 news, semiconductor "giant" Huahong company will officially debut tomorrow (August 7) Kechuang board. This will be another Hong Kong semiconductor company planning to issue A shares after SMIC returns to A shares.

According to the announcement, Huahong Company's offering price is 52.00 yuan per share, the price-to-earnings ratio of the offering is 34.71 times, and the total amount of funds raised is expected to be 21.203 billion yuan.

After this successful issue, Huahong Company has become the largest fund-raising IPO of A shares this year. At the same time, the company is also the third largest IPO raised by Science and Technology Innovation Board so far, second only to SMIC's 53.23 billion yuan and Baiji China's 22.16 billion yuan.

According to public data, Huahong Semiconductor, founded in 2005, is a subsidiary of Huahong Group. The company's products cover embedded non-volatile memory, power devices, analog and power management, logic and RF and other differentiated process platforms. Huahong 8-inch wafer production capacity of 178,000 wafers per month by the end of 2020, accounting for about 3% of the world, is the second largest foundry enterprise in Chinese mainland region.

▲ photo source: the Shanghai Stock Exchange of Huahong's official website examined and approved the issuance plan of Huahong Semiconductor on May 17, 2023. Huahong has to register its plans with regulators, but the company has not set an offering schedule or provided other details.

Huahong Semiconductor's IPO plan in Shanghai Science and Technology Innovation Board is expected to raise US $2.6 billion (currently about 18.668 billion yuan), which could become the largest listing project in China this year, Bloomberg reported.

Previously, Huahong Semiconductor raised HK $2.6 billion in its first IPO on the Hong Kong Stock Exchange (CTOnews.com Note: currently about 2.389 billion yuan).

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