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joined discussion · Aug 25 07:37

IPO Pricing | "Intelligent Chip Provider" Junzheng Shares lists today, receiving over 900x subscription, with an offer price of HK$100 per share

Futu News, August 25, $INGENIC (03223.HK)$ announced the allotment results, with an offer price of HK$100.00 per share. A total of 31.2873 million shares were issued, with a lot size of 100 shares, officially listing today.
During the public offering phase, Ingenic shares were oversubscribed by 927.37 times. The final number of shares offered in the public tranche was 3.1288 million, representing approximately 10.00% of the total offer shares. A total of approximately 141,900 valid applications were received, with about 25,349 applications accepted. The approximate allocation rate for one lot (board lot) was 0.27% of the total shares applied for.
Furthermore, during the international placement phase, Ingenic shares were oversubscribed by 8.43 times. The final number of shares offered in the international tranche was 28.1585 million, accounting for 90.00% of the total offer shares. Futu has compiled the relevant data in the table below:
Futu News, August 25, $INGENIC (03223.HK)$ announced the allotment results, with an offer price of HK$100.00 per share. A total of 31.2873 million shares were issued, with a lot size of 100 shares, officially listing today. During the public offering phase, Junzheng Shares received 927.37x subscription. The final number of shares for the public offering was 3.1288 million shares, accounting for approximately 10.00% of the total offering shares. A total of approximately 141,900 valid applications were received, with about 25,349 applications accepted. The approximate percentage of allotted shares for one-lot applicants relative to the total applied shares was 0.27%. Additionally, during the international placement phase, Junzheng Shares received 8.43x subscription. The final number of internationally placed shares was 28.1585 million shares, equivalent to 90.00% of the total offering shares. Futu has compiled the relevant data in the table below: Company Overview Junzheng Shares is a provider of "Storage + Computing + Analog" chips. Leveraging industry trends and proprietary technology, the company offers storage chips optimized for AI workloads, computing chips with acceleration and inference capabilities, and analog chips enabling intelligent sensing and power management. The company's products are widely used in automotive electronics, industrial medical devices, AIoT, and smart security equipment. The company operates under a fabless model, focusing on chip R&D and design while collaborating with leading foundries and packaging and testing service providers,...
Futu News, August 25, $INGENIC (03223.HK)$ announced the allotment results, with an offer price of HK$100.00 per share. A total of 31.2873 million shares were issued, with a lot size of 100 shares, officially listing today. During the public offering phase, Junzheng Shares received 927.37x subscription. The final number of shares for the public offering was 3.1288 million shares, accounting for approximately 10.00% of the total offering shares. A total of approximately 141,900 valid applications were received, with about 25,349 applications accepted. The approximate percentage of allotted shares for one-lot applicants relative to the total applied shares was 0.27%. Additionally, during the international placement phase, Junzheng Shares received 8.43x subscription. The final number of internationally placed shares was 28.1585 million shares, equivalent to 90.00% of the total offering shares. Futu has compiled the relevant data in the table below: Company Overview Junzheng Shares is a provider of "Storage + Computing + Analog" chips. Leveraging industry trends and proprietary technology, the company offers storage chips optimized for AI workloads, computing chips with acceleration and inference capabilities, and analog chips enabling intelligent sensing and power management. The company's products are widely used in automotive electronics, industrial medical devices, AIoT, and smart security equipment. The company operates under a fabless model, focusing on chip R&D and design while collaborating with leading foundries and packaging and testing service providers,...
Company Overview
Ingenic is a provider of "Memory + Computing + Analog" chips. Leveraging industry trends and proprietary technology, the company offers memory chips optimized for AI workloads, computing chips with acceleration and inference capabilities, and analog chips enabling intelligent sensing and power management. Its products are widely used in automotive electronics, industrial and medical sectors, AIoT, and smart security devices.
The company operates under a fabless model, focusing on chip R&D and design while collaborating with leading foundries and assembly/test subcontractors to ensure business scalability. Through organic growth and strategic acquisitions, the company has built a comprehensive product portfolio. According to Frost & Sullivan, the company holds a leading position in key global markets, continuously empowering development and innovation in frontier tech sectors such as automotive electronics and edge AI.
Financial Overview
Ingenic's total revenue decreased from RMB 4,530.9 million in 2023 to RMB 4,212.6 million in 2024, primarily due to a decline in sales revenue from memory chips. Subsequently, the company's total revenue increased to RMB 4,741.0 million in 2025, mainly driven by higher sales revenue from both memory and computing chips.
The company's gross profit decreased by 8.4% from RMB 1,608.0 million in 2023 to RMB 1,473.1 million in 2024, primarily due to the decline in revenue. Gross margin remained relatively stable at 35.5% in 2023 and 35.0% in 2024, before further declining to 32.8% in 2025.
Futu News, August 25, $INGENIC (03223.HK)$ announced the allotment results, with an offer price of HK$100.00 per share. A total of 31.2873 million shares were issued, with a lot size of 100 shares, officially listing today. During the public offering phase, Junzheng Shares received 927.37x subscription. The final number of shares for the public offering was 3.1288 million shares, accounting for approximately 10.00% of the total offering shares. A total of approximately 141,900 valid applications were received, with about 25,349 applications accepted. The approximate percentage of allotted shares for one-lot applicants relative to the total applied shares was 0.27%. Additionally, during the international placement phase, Junzheng Shares received 8.43x subscription. The final number of internationally placed shares was 28.1585 million shares, equivalent to 90.00% of the total offering shares. Futu has compiled the relevant data in the table below: Company Overview Junzheng Shares is a provider of "Storage + Computing + Analog" chips. Leveraging industry trends and proprietary technology, the company offers storage chips optimized for AI workloads, computing chips with acceleration and inference capabilities, and analog chips enabling intelligent sensing and power management. The company's products are widely used in automotive electronics, industrial medical devices, AIoT, and smart security equipment. The company operates under a fabless model, focusing on chip R&D and design while collaborating with leading foundries and packaging and testing service providers,...
Use of Proceeds
Regarding the use of proceeds, the net proceeds from Ingenic's global offering amounted to approximately HKD 3.055 billion (based on an offer price of HKD 100.00). According to the prospectus, Ingenic intends to allocate the funds raised from the global offering for the following purposes:
Approximately 50.0% will be used to strengthen technological innovation and product development across the company's three core product lines (memory chips, computing chips, and analog chips); approximately 25.0% will be allocated for strategic investments or acquisitions to seize growth opportunities; approximately 15.0% will be used to expand the company's network and promote its products; and approximately 10.0% will be utilized for working capital and other general corporate purposes, including daily operations and general corporate expenses.
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Futu News, August 25, $INGENIC (03223.HK)$ announced the allotment results, with an offer price of HK$100.00 per share. A total of 31.2873 million shares were issued, with a lot size of 100 shares, officially listing today. During the public offering phase, Junzheng Shares received 927.37x subscription. The final number of shares for the public offering was 3.1288 million shares, accounting for approximately 10.00% of the total offering shares. A total of approximately 141,900 valid applications were received, with about 25,349 applications accepted. The approximate percentage of allotted shares for one-lot applicants relative to the total applied shares was 0.27%. Additionally, during the international placement phase, Junzheng Shares received 8.43x subscription. The final number of internationally placed shares was 28.1585 million shares, equivalent to 90.00% of the total offering shares. Futu has compiled the relevant data in the table below: Company Overview Junzheng Shares is a provider of "Storage + Computing + Analog" chips. Leveraging industry trends and proprietary technology, the company offers storage chips optimized for AI workloads, computing chips with acceleration and inference capabilities, and analog chips enabling intelligent sensing and power management. The company's products are widely used in automotive electronics, industrial medical devices, AIoT, and smart security equipment. The company operates under a fabless model, focusing on chip R&D and design while collaborating with leading foundries and packaging and testing service providers,...
Edited by/Joe
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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