GPIXEL (03277) made its initial public offering debut today. According to the announcement, the shares were priced at HK$39.88 each, with a total issuance of 65.2942 million shares. Each lot consists of 100 shares, and the net proceeds raised amount to approximately HK$2.504 billion. As of the latest update, the stock surged 80.54% to HK$72, with a turnover of HK$692 million.

The prospectus indicates that GPIXEL is a provider of CMOS image sensors. Since its establishment, the company has focused on the research and development of CMOS image sensors. It offers nine major product series widely applicable in advanced technology fields such as industrial imaging, scientific imaging, professional imaging, and medical imaging. The company's products play a crucial role in enhancing the performance and imaging quality of industrial cameras, scientific cameras, professional cinema cameras, and other imaging devices.

According to data from Frost & Sullivan, based on 2024 industrial imaging revenue, GPIXEL ranks third among global CIS companies, holding a 15.2% share of the global market. Additionally, in terms of 2024 scientific imaging revenue, the company also ranks third globally, accounting for 16.3% of the worldwide market share. The industrial and scientific imaging CIS markets are dominated by a few international and regional leaders. Based on 2024 revenue, the industrial imaging CIS market and the scientific imaging CIS market account for approximately 2.1% and 0.8% of the global CIS market, respectively.