On July 10, Nexchip Semiconductor rose 12.88% in regular trading, trading at HK$36.16/share, with turnover of HK$823 million, as the company's H-shares officially debuted on the HKEX Main Board.

The strong debut was driven by overwhelming investor demand. Nexchip priced its IPO at the top of the indicative range at HK$32.30 per share, offering 216 million H-shares globally and raising net proceeds of approximately HK$6.779 billion. The Hong Kong public offering was 344.26 times oversubscribed, while the international placement received 14.62 times subscription, with margin financing oversubscription reaching 234.65 times.

Nexchip is the ninth-largest foundry globally and the third-largest in mainland China by revenue. The company specializes in 12-inch pure-play wafer foundry services, with process nodes spanning 150nm to 40nm while advancing 28nm capabilities. Over half of the IPO proceeds will be allocated to 22nm technology platform R&D, with approximately 23.1% earmarked for AI-based intelligent R&D and production. For 2023-2025, the company reported revenues of RMB 7.18 billion, RMB 9.12 billion, and RMB 10.39 billion respectively.

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