MaxOne Semiconductor (Suzhou) (SHA:688809) launched its initial public offering on the Shanghai bourse, seeking to offer up to about 32.4 million shares, according to a prospectus filed Thursday.
The probe card or semiconductor testing tool manufacturer's IPO shares will constitute 25% of the company's entire shareholding following the offer.
Upon completion of the IPO, MaxOne's share capital will rise to 129.6 million shares.
CITIC Securities (HKG:6030, SHA:600030) is the sponsor and lead underwriter of the offering.
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