GIGADEVICE Debuts with 47.53% Surge in Early Trading, Firm is Domestic Leader in Storage Chips and MCUs

Deep News01-13

GIGADEVICE (03986) made its market debut, with the announcement revealing an issue price of HK$162 per share. The company issued a total of 28.9158 million shares, with a board lot size of 100 shares, raising net proceeds of approximately HK$4.611 billion. At the time of writing, the stock price had surged 47.53% to HK$239, with a turnover of HK$1.110 billion.

The prospectus indicates that GIGADEVICE is a diversified integrated circuit design company. It provides customers with a variety of chip products including Flash, niche-type Dynamic Random-Access Memory, microcontrollers, analog chips, and sensor chips. These products are applicable in consumer electronics, automotive, industrial applications (such as industrial automation, energy storage, and battery management), personal computers and servers, the Internet of Things, and network communications, meeting diverse client needs, and offering a complete set of systems and solutions, including corresponding algorithms and software.

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