GigaDevice Semiconductor Launches Hong Kong IPO to Raise Up to HK$4.68 Billion

MT Newswires Live2025-12-31

GigaDevice Semiconductor (HKG:3986) launched its Hong Kong initial public offering on Wednesday, aiming to raise as much as HK$4.68 billion.

The semiconductor company is offering 28,915,800 H shares at an indicative price range of HK$132 to HK$162 per share, according to a Wednesday Hong Kong bourse filing.

The offering comprises 2.9 million shares for Hong Kong investors and 26 million shares for international investors, subject to reallocation and the overallotment option.

The company secured 18 cornerstone investors, who committed to subscribing to up to $299.7 million worth of IPO shares.

The issuer expects to determine its final offer price on or before Jan. 9 and disclose the allocations on Jan. 12. It will start trading on the Hong Kong bourse on Jan. 13.

Net proceeds will be used primarily for research and development, investment and acquisition, and business expansion.

China International Capital Corporation Hong Kong and Huatai Financial Holdings (Hong Kong) are the joint bookrunners of the IPO.

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