New Stock News | Fibocom's IPO ends with subscription amount reaching HKD 112.6 billion, oversubscribed by 449 times

According to Zhitong Finance APP, wireless communication module provider Fibocom (00638) is conducting an initial public offering (IPO) from October 14 to October 17. The offering price for Fibocom is between HKD 19.88 and HKD 21.50 per share, with a minimum entry fee of HKD 4,343.37, aiming to raise up to HKD 2.9 billion. As of noon on October 17, Fibocom has borrowed HKD 112.66 billion in margin from brokers, with the public offering amounting to HKD 290 million, resulting in an oversubscription of 449 times. Fibocom plans to globally offer 135 million H shares (accounting for 15% of the total shares after issuance), with 90% allocated for international offering and 10% for public offering, along with an additional 15% over-allotment option. The company is expected to be listed on October 22 (Wednesday), with CITIC Securities as the exclusive sponsor. According to the prospectus, Fibocom is a leading provider of wireless communication modules. The company's module products include data transmission modules, smart modules, and AI modules. Additionally, the company provides customized solutions to clients based on its module products and understanding of downstream application scenarios, including edge AI solutions, robotic solutions, and other solutions. With its R&D capabilities, Fibocom has continuously achieved breakthroughs in the iteration of various wireless communication technologies. For example, in 2019, Fibocom, in collaboration with Intel, launched one of the world's first 5G data transmission modules and one of the first 5G data transmission modules integrated with blockchain technology. In 2020, the company, in partnership with China Unicom, released one of the world's first 5G+eSIM modules and one of the first 5G data transmission modules equipped with domestically produced chips. In the global wireless communication module market, Fibocom ranks first in market share across multiple downstream application scenarios. Specifically, in the automotive electronics sector, Fibocom ranks second globally with a market share of 14.4% (based on revenue from ongoing operations). In 2024, the market size for automotive electronics application scenarios is projected to be RMB 11.7 billion, accounting for 26.8% of the global wireless communication module market's downstream application fields. In the smart home sector, Fibocom ranks first globally with a market share of 36.6% (based on revenue from ongoing operations in 2024). The market size for smart home application scenarios in 2024 is projected to be RMB 6.6 billion, accounting for 15.1% of the global wireless communication module market's downstream application fields. Additionally, in the consumer electronics sector, Fibocom ranks first globally with a market share of 75.9% (based on revenue from ongoing operations in 2024). The market size for consumer electronics application scenarios in 2024 is projected to be RMB 2.2 billion, accounting for 5.0% of the global wireless communication module market's downstream application fields