Latest data from the Hong Kong Stock Exchange reveals that on January 15, a shareholder of Gigadevice transferred shares from Morgan Stanley Hong Kong Securities to The Hongkong and Shanghai Banking Corporation Limited. The transferred shares had a market value of HK$959 million, accounting for 14.74% of the holdings.
On January 13, Gigadevice made its debut listing. The company's announcement indicated an issue price of HK$162 per share, with a total of 28,915,800 shares issued. With a board lot size of 100 shares, the net proceeds from the offering amounted to approximately HK$4.611 billion.
According to its prospectus, Gigadevice is an integrated circuit design company with a diversified chip portfolio. Based on data from Frost & Sullivan, measured by 2024 sales, the company is the world's only IC design firm ranked among the global top ten in all markets for NOR Flash, SLC NAND Flash, niche DRAM, and MCUs.
