GPIXEL's stock soared 87.31% in intraday trading on its initial public offering debut, reflecting robust investor enthusiasm.
The surge follows the company's Hong Kong public offering being oversubscribed by approximately 1,138 times, indicating overwhelming demand. GPIXEL, a provider of CMOS image sensors, ranks third globally in both industrial and scientific imaging markets, holding 15.2% and 16.3% market shares respectively based on 2024 revenue.
The company plans to use the net proceeds of approximately HK$2.5 billion to boost research and development investments, establish an advanced R&D center, and expand international operations. Its image sensors are used in advanced fields like industrial imaging, scientific imaging, and medical imaging, enhancing performance in applications from DNA sequencing to lithium battery production.