FourSemi Sets HK IPO Terms: Up to HK$50.00 per H Share, Targets HK$606 Million Raise

Bulletin Express
03/23

Shanghai FourSemi Semiconductor Co., Ltd. (“FourSemi”) has launched its Hong Kong initial public offering, outlining a Global Offering of 12.00 million H shares with an indicative price range of HK$40.00–50.00 per share. At the maximum price, the transaction could raise up to HK$606.05 million (US$77.4 million), excluding any proceeds from the over-allotment option.

Key Offering Details • Structure: 600,000 H shares (5%) allocated to the Hong Kong Public Offering and 11.40 million H shares (95%) to the International Placing, both subject to reallocation. • Over-allotment Option: International underwriters may purchase up to an additional 1.80 million H shares (15% of the base deal), which would lift the total float to 13.80 million shares—equivalent to roughly 1.6% of FourSemi’s post-listing share capital. • Nominal Value: RMB1.00 per H share. • Board Lot & Subscription Cost: Minimum application size is 100 shares; applicants must remit HK$5,050.43 per lot, inclusive of 1.00% brokerage, 0.0027% SFC levy, 0.00565% Stock Exchange trading fee and 0.00015% AFRC levy. • Pricing Date: Final offer price to be set no later than 12:00 noon on 27 March 2026.

Timetable Highlights (Hong Kong Time) • Public offer application window: 9:00 a.m. 23 March 2026 to 12:00 noon 26 March 2026. • Allocation results announcement: on or before 11:00 p.m. 30 March 2026. • Expected listing and commencement of trading: 9:00 a.m. 31 March 2026 under stock code 3625.

Electronic-Only Application The offering adopts a fully digital subscription process. Retail investors may apply via the White Form eIPO platform (www.eipo.com.hk), while professional and institutional investors can instruct brokers or custodians to submit orders through HKSCC’s FINI system. No physical prospectus or paper application channels are provided.

Stabilisation Mechanism Guotai Junan Securities (Hong Kong) Limited will act as stabilising manager and may conduct price-support operations for up to 30 days after the close of the Hong Kong Public Offering (ending 25 April 2026). Stabilisation, if undertaken, will adhere to Hong Kong regulatory requirements and may be terminated at the manager’s discretion at any time within the period.

Listing Conditions The listing is contingent upon final pricing, successful share allocation, and fulfilment of conditions outlined in the prospectus. If any condition is not met, the Global Offering will lapse and application monies will be refunded without interest. H share certificates will be valid at 8:00 a.m. on the listing date, and transactions executed prior to that time carry settlement risk.

FourSemi’s offering is backed by a syndicate led by Guotai Junan Securities (Hong Kong), China International Capital Corporation Hong Kong Securities, UBS, and other joint sponsors, global coordinators, bookrunners and lead managers.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10