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<IPO>Fabless Chipmaker GIGADEVICE (03986.HK) IPO Starts Tdy w/ Cornerstone Investors Like XIAOMI-W/ TCL
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Already listed on the Shanghai Stock Exchange (SSE), fabless chipmaker GIGADEVICE (03986.HK) (603986.SH) announced details of its Hong Kong IPO, planning to offer 28.9158 million H-shares globally, with the Hong Kong public offering accounting for 10% and the international placement accounting for 90%. The offer price ranges from $132 to $162 per share, aiming to raise up to around $4.684 billion. The entry fee for a board lot of 100 shares will be around $16,363.38. The IPO period starts today (31 December) and will end next Thursday (8 January), with the listing expected on the Tuesday after next (13 January). CICC and Huatai International are its joint sponsors. GIGADEVICE introduced cornerstone investors including CPE, 3W Fund, HUAQIN TECHNOLOGY (603296.SH), TCL Industries, XIAOMI-W (01810.HK), Summit Ridge and Wind Sabre, collectively subscribing for nearly US$300 million worth of shares. AASTOCKS Financial News Website: www.aastocks.com |
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