The public offering of Novosense was subscribed 25.33 times, with a 4.32% chance of winning one lot

Novosense (02676.HK) announced the results of its IPO, with the Hong Kong public offering receiving 25.33 times subscription, and a 4.32% chance of winning a lot (100 shares) for those who subscribed for 25 lots. The international offering recorded 2.65 times subscription. The final offer price is HKD 116, at the upper limit, raising a net amount of HKD 2.096 billion. The shares are expected to be listed on Monday (8th).

The simulated chip manufacturer Novosense plans to globally offer 19.0684 million shares, with 10% allocated for public offering. Seven cornerstone investors, including Yuanhe Global Investment, BYD (01211.HK) subsidiary Golden Link, Haoyide International controlled by the major shareholder of Sanhua Intelligent (02050.HK), and Xiaomi (01810.HK) wholly-owned subsidiary Green Better, subscribed for a total of 9.3883 million shares, accounting for 49.23% of the total offering. The last day of the lock-up period is June 7, 2026