Brief News: Simulation chip manufacturer Novosense fell over 6% in its first half-day of trading on the Hong Kong stock market

Suzhou Novosense Electronics Co., Ltd. was listed on the Hong Kong Stock Exchange, with a first-day stock price drop of 6.64%. The company issued 19.068 million H shares, with the Hong Kong public offering oversubscribed by 24.33 times and the international offering oversubscribed by 1.65 times, at an offer price of HKD 116, raising a net amount of HKD 2.096 billion. The company focuses on the research and development of high-performance analog and mixed-signal integrated circuits, adopting a fabless model. In the first half of this year, revenue was 1.52 billion yuan, with losses narrowing to 78.01 million yuan