A founding factory invested by a Chinese semiconductor giant, is expected to raise RMB 9.63 billion in the first public offering (IPO) (IPO)IPO.
According to Bloomberg, the announcement submitted by the Shanghai Stock Exchange shows that Shaoxing Zhongxin will issue 1.69 billion shares at the Shanghai Science and Technology Board at a price of 5.69 yuan per share.RMB.
If the IPO is successful, the size of Shaoxing SMIC will exceed the issuance scale of 7.84 billion yuan in real estate investment trusts last month, leading the Asian IPO in 2023.
It is reported that Shaoxing Medica has received investment from Chinese chip giants SMIC.
A subsidiary of SMIC directly holds 19.6%of Shaoxin Zhongxin.SMIC also holds shares of other major shareholders of Shaoxing Zhongxin.According to the announcement, the issue price means that the market sales ratio based on sales revenue in 2022 is 8.4 times, while the industry average in the past month is 5.4 times.
The listing of Shaoxing Zhongxin will reach 38.5 billion yuan.The company's revenue last year was 4.6 billion yuan.
