Huahong Company will become the largest IPO this year and will officially enter the Science and Technology Innovation Board tomorrow.

According to news from this website on August 6, the semiconductor “giant” Huahong Company will officially land on the Science and Technology Innovation Board tomorrow (August 7). This will be another Hong Kong-listed semiconductor company planning to issue A shares for listing after SMIC returned to A.

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

Huahong Company’s A-share market this year The successful issuance made it the largest IPO to raise funds this year. In addition, the company is also the third largest IPO in terms of fundraising on the Science and Technology Innovation Board market, second only to SMIC’s 53.23 billion yuan and BeiGene’s 22.16 billion yuan.

According to public information, Huahong Semiconductor is a subsidiary of Huahong Group and was established in 2005. The company's product range includes differentiated process platforms such as embedded non-volatile memory, power devices, analog and power management, and logic and radio frequency. As of the end of 2020, Huahong Semiconductor's 8-inch wafer production capacity reached 178,000 wafers per month, accounting for approximately 3% of global production capacity. It is the second largest foundry company in mainland China

▲ Picture source: Huahong official website

Huahong Semiconductor’s issuance plan has been reviewed and approved by the Shanghai Stock Exchange on May 17, 2023, but the company has not yet determined the issuance schedule. Or provide other details and need to register the plan with the regulatory agency

According to Bloomberg, Huahong Semiconductor plans to be listed on the Shanghai Science and Technology Innovation Board, and the financing scale is expected to reach US$2.6 billion (approximately 18.668 billion yuan) , becoming China’s largest listed transaction project this year

In Huahong Semiconductor’s first IPO on the Hong Kong Stock Exchange, it successfully raised 2.6 billion Hong Kong dollars (approximately 2.389 billion yuan)

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