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2026 IPO bonanza! Over 90% of new stocks rose on their debut!
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joined discussion · Mar 31 07:56

IPO Pricing | Fourier goes public today with over 3,100 times subscription, priced at HKD 40 per share, earning HKD 4,350 per lot in the gray market

Futu News reported on March 31st, $FOURSEMI (03625.HK)$ Announced the allocation results, priced at HKD 40 per share, issuing a total of 12 million shares, 100 shares per lot, officially listed today.
In the previous trading session, Fourier's dark pool closed up 108.75% at HKD 83.5 per share. With each lot consisting of 100 shares, excluding handling fees, one lot yielded a profit of HKD 4,350.
During the public offering phase, Fourier received 3,118.43 times subscription. The final number of shares offered to the public was 2.4 million shares, accounting for approximately 20% of the total offering. A total of approximately 118,537 valid applications were received, with about 18,405 accepted applications. The approximate percentage of shares allocated to one-lot subscribers out of the total applied shares was 5%.
Additionally, during the international placement phase, Fourier received 2.93 times subscription. The final number of shares in the international offering was 9.6 million shares, equivalent to 80% of the total offering. Futu Information has compiled the relevant data in the table below.
Futu News reported on March 31st, $FOURSEMI (03625.HK)$ Announced the allocation results, priced at HKD 40 per share, issuing a total of 12 million shares, 100 shares per lot, officially listed today. On the last trading day, Fourier's gray market closed up 108.75%, at HKD 83.5 per share, 100 shares per lot, excluding handling fees, earning HKD 4,350 per lot. During the public offering phase, Fourier received subscriptions 3,118.43 times over, with the final number of shares offered to the public being 2.4 million shares, accounting for approximately 20% of the total shares issued. A total of about 118,537 valid applications were received, and about 18,405 applications were processed, with the percentage of shares allocated for one-lot subscriptions being approximately 5% of the total applied-for shares. In addition, during the international placement phase, Fourier was subscribed 2.93 times over, with the final number of international placement shares being 9.6 million shares, equivalent to 80% of the total shares issued. Futu News compiled the relevant data in the table below: Company Overview The company is a Chinese supplier of power amplifier audio chips and haptic feedback chips. Operating under a fabless model, the company focuses on designing low-power audio chips, medium- to high-power audio chips, and haptic feedback chips, providing a wide range of solutions for emerging application scenarios. The company's product portfolio empowers various industries including consumer electronics and smart vehicles. The company first launched its power amplifier audio chip products for portable consumer electronics, utilizing the company’s algorithms to optimize audio,...
Futu News reported on March 31st, $FOURSEMI (03625.HK)$ Announced the allocation results, priced at HKD 40 per share, issuing a total of 12 million shares, 100 shares per lot, officially listed today. On the last trading day, Fourier's gray market closed up 108.75%, at HKD 83.5 per share, 100 shares per lot, excluding handling fees, earning HKD 4,350 per lot. During the public offering phase, Fourier received subscriptions 3,118.43 times over, with the final number of shares offered to the public being 2.4 million shares, accounting for approximately 20% of the total shares issued. A total of about 118,537 valid applications were received, and about 18,405 applications were processed, with the percentage of shares allocated for one-lot subscriptions being approximately 5% of the total applied-for shares. In addition, during the international placement phase, Fourier was subscribed 2.93 times over, with the final number of international placement shares being 9.6 million shares, equivalent to 80% of the total shares issued. Futu News compiled the relevant data in the table below: Company Overview The company is a Chinese supplier of power amplifier audio chips and haptic feedback chips. Operating under a fabless model, the company focuses on designing low-power audio chips, medium- to high-power audio chips, and haptic feedback chips, providing a wide range of solutions for emerging application scenarios. The company's product portfolio empowers various industries including consumer electronics and smart vehicles. The company first launched its power amplifier audio chip products for portable consumer electronics, utilizing the company’s algorithms to optimize audio,...
Company Overview
The company is a Chinese supplier of power amplifier audio chips and haptic feedback chips. Operating under a fabless business model, the company focuses on designing low-power audio chips, medium-to-high power audio chips, and haptic feedback chips, providing extensive solutions for emerging application scenarios. Its product portfolio empowers various industries, including consumer electronics and smart vehicles. The company initially launched power amplifier audio chip products for portable consumer electronics, utilizing proprietary algorithms to optimize audio, create sound effects, and protect speakers.
Once deployed, the company's power amplifier audio chip products receive electrical signal input, analyze and preprocess by filtering noise and enhancing received signals, then process the signals through methods such as amplifying electrical power and tuning audio signals based on the scenario. The processed signals are converted to encode speaker driver unit motion while enabling speaker protection technology. This allows users' devices to output high-quality audio, reduce power consumption, and protect speakers, ensuring long-term device durability.
Financial Overview
In 2022, 2023, and 2024, as well as the ten months ended October 31, 2024, and October 31, 2025, the company’s revenue was RMB 130.3 million, RMB 150.3 million, RMB 355.2 million, RMB 288.8 million, and RMB 280.8 million, respectively. In 2022, the company recorded a gross profit of RMB 9.5 million; in 2024, it recorded a gross profit of RMB 46.6 million; for the ten months ended October 31, 2024, it recorded a gross profit of RMB 38.8 million; and for the ten months ended October 31, 2025, it recorded a gross profit of RMB 56.1 million.
Futu News reported on March 31st, $FOURSEMI (03625.HK)$ Announced the allocation results, priced at HKD 40 per share, issuing a total of 12 million shares, 100 shares per lot, officially listed today. On the last trading day, Fourier's gray market closed up 108.75%, at HKD 83.5 per share, 100 shares per lot, excluding handling fees, earning HKD 4,350 per lot. During the public offering phase, Fourier received subscriptions 3,118.43 times over, with the final number of shares offered to the public being 2.4 million shares, accounting for approximately 20% of the total shares issued. A total of about 118,537 valid applications were received, and about 18,405 applications were processed, with the percentage of shares allocated for one-lot subscriptions being approximately 5% of the total applied-for shares. In addition, during the international placement phase, Fourier was subscribed 2.93 times over, with the final number of international placement shares being 9.6 million shares, equivalent to 80% of the total shares issued. Futu News compiled the relevant data in the table below: Company Overview The company is a Chinese supplier of power amplifier audio chips and haptic feedback chips. Operating under a fabless model, the company focuses on designing low-power audio chips, medium- to high-power audio chips, and haptic feedback chips, providing a wide range of solutions for emerging application scenarios. The company's product portfolio empowers various industries including consumer electronics and smart vehicles. The company first launched its power amplifier audio chip products for portable consumer electronics, utilizing the company’s algorithms to optimize audio,...
Use of Proceeds
In terms of capital use, Fourier expects to receive net proceeds of approximately HKD 423 million from the global offering (based on the mid-price of HKD 40 per share). According to the prospectus, Fourier intends to allocate the proceeds from the global offering for the following purposes in the specified amounts:
Approximately 46.8% will be used over the next five years to establish a new research and development center to enhance our R&D capabilities and technological competitiveness in amplifier audio chips. Approximately 17.8% will be used to purchase automatic testing equipment and build an internal automated testing validation line, as well as to hire supply chain management engineers. About 8.1% will be allocated to marketing and sales of products. Approximately 10.0% will be used as working capital and for other general corporate purposes.
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Futu News reported on March 31st, $FOURSEMI (03625.HK)$ Announced the allocation results, priced at HKD 40 per share, issuing a total of 12 million shares, 100 shares per lot, officially listed today. On the last trading day, Fourier's gray market closed up 108.75%, at HKD 83.5 per share, 100 shares per lot, excluding handling fees, earning HKD 4,350 per lot. During the public offering phase, Fourier received subscriptions 3,118.43 times over, with the final number of shares offered to the public being 2.4 million shares, accounting for approximately 20% of the total shares issued. A total of about 118,537 valid applications were received, and about 18,405 applications were processed, with the percentage of shares allocated for one-lot subscriptions being approximately 5% of the total applied-for shares. In addition, during the international placement phase, Fourier was subscribed 2.93 times over, with the final number of international placement shares being 9.6 million shares, equivalent to 80% of the total shares issued. Futu News compiled the relevant data in the table below: Company Overview The company is a Chinese supplier of power amplifier audio chips and haptic feedback chips. Operating under a fabless model, the company focuses on designing low-power audio chips, medium- to high-power audio chips, and haptic feedback chips, providing a wide range of solutions for emerging application scenarios. The company's product portfolio empowers various industries including consumer electronics and smart vehicles. The company first launched its power amplifier audio chip products for portable consumer electronics, utilizing the company’s algorithms to optimize audio,...
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Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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