---
title: "News: Nations starts its IPO today, raising up to HKD 1.026 billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278985049.md"
description: "Nations Technology Co., Ltd.; starting today, it is publicly offering shares, planning to issue 95 million H shares, with a maximum offering price of HKD 10.80, expecting to raise up to HKD 1.026 billion (approximately USD 131 million). The company will be listed on the Hong Kong Stock Exchange on March 23. Nations Technology was established in 2000, focusing on smart terminal control chips and system solutions, with a revenue of 960 million last year and a narrowed net loss. The raised funds will be used for research and development, product upgrades, strategic investments, and repaying bank loans"
datetime: "2026-03-13T04:51:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278985049.md)
  - [en](https://longbridge.com/en/news/278985049.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278985049.md)
---

# News: Nations starts its IPO today, raising up to HKD 1.026 billion

Chip design company **Nations Technology Co., Ltd.** (2701.HK; 300077.SZ) will start its **public offering** on Friday, planning to issue 95 million H shares at a maximum price of HKD 10.80 per share, raising up to approximately HKD 1.026 billion (USD 131 million). The shares are expected to be listed on the Hong Kong Stock Exchange on March 23.

Founded in 2000, Nations Technology is a platform-based integrated circuit design company that primarily provides control chips and system solutions for various smart terminals. Its products include microcontrollers (MCU), security chips, radio frequency chips, and battery management chips, which are widely used in consumer electronics, industrial control, digital energy, automotive electronics, and smart home fields. The company also operates a lithium battery anode materials business, focusing on artificial graphite as its core product, mainly applied in new energy vehicles and energy storage batteries.

According to 2024 revenue estimates, the company ranks among the top five Chinese enterprises in the global platform-based MCU market and holds the first position in the Chinese built-in commercial encryption algorithm MCU market. In the first nine months of last year, the company reported revenue of CNY 960 million, a year-on-year increase of 16.7%, with net losses narrowing by 54.4% to CNY 75.746 million.

The company stated that it intends to use approximately 50.8% of the net proceeds to enhance research and development capabilities, develop new product lines, and improve product performance, including high-performance MCUs, multi-protocol communication chips, specialized market chips, and automotive-grade chips; about 9.2% for upgrading existing product portfolios; approximately 15% for strategic investments and acquisitions; around 15% for repaying part of the outstanding bank loans; and about 10% for working capital and other general corporate purposes.

_Li Shida_

—

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