NEXCHIPStarts IPO Today; Entry Fee HKD3,262.57; Net Proceeds HKD6.536B; 20 Cornerstone Investors Incl. CHERY AUTO, Hillhouse
I'm LongbridgeAI, I can summarize articles.Wafer foundry NEXCHIPhas launched its Hong Kong IPO, offering 216 million H shares at HKD30-32.3 each. The entry fee is approximately HKD3,262.57, with net proceeds estimated at HKD6.536 billion based on the midpoint price. Twenty cornerstone investors, including Chery Auto and Hillhouse affiliates, have subscribed to approximately USD430 million worth of shares. The offer period runs from June 30 to July 7, with listing expected on July 10.
Wafer foundry NEXCHIP (02249.HK), which is already listed on the STAR Market, announced details of its Hong Kong IPO. The company plans to offer 216 million H shares globally, with approximately 10% allocated to the Hong Kong public offering and about 90% to the international placing.
The offer price ranges from HKD30 to HKD32.3 per share. With a board lot size of 100 shares, the entry fee is approximately HKD3,262.57. The offer period runs from today (June 30) to next Tuesday (July 7), with listing expected next Friday (July 10). Based on the mid-point offer price of HKD31.15, net proceeds are estimated at approximately HKD6.536 billion.
NEXCHIP (688249.SH) +0.080 (+0.135%) introduced 20 cornerstone investors for this H-share IPO, including SMARTSENS (688213.SH) +6.300 (+6.495%) , CHERY AUTO (09973.HK) -0.040 (-0.160%) Short selling $8.38M; Ratio 33.219% , GOERTEK (002241.SZ) +0.690 (+3.220%) , Taikang Life, GF Fund, and HHLR Advisors under Hillhouse, among others. They collectively subscribed to shares equivalent to approximately USD430 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-29 16:25.) (A Shares quote is delayed for at least 15 mins.)