Equity· IPO

Chipsea Technologies(Shenzhen)’s IPO debut on SSE STAR Market today

minutes 2020/09/28 07:28:03

Sep 28, 2020 (China Knowledge) - Chipsea Technologies(Shenzhen) (688595) to start trading on the Shanghai STAR Market today, at a public offering price of RMB 22.82 per share, raising RMB 570.5 mln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 61.14.

CITIC Securities acted as the lead underwriter and sponsor for the IPO.

Earlier, Chipsea Technologies(Shenzhen) said its IPO was 3,302 times oversubscribed. Since 2019 to date, A-shares IPOs achieved median oversubscription of 2,373 times and the highest at 8,375 times. For subsequent 30-day trading the performances can be obtained from our China IPO Weekly.

Chipsea Technologies Shenzhen Corp Ltd is a China-based company mainly engaged in chip design for the entire signal chain. The Company focuses on the research, development and design of high-precision analog-to-digital converters (ADC), high-performance microcontroller units (MCU), measurement algorithms, and one-stop solutions for the Internet of things. The Company's main products and services include smart health chips, pressure touch chips, smart home sensing chips, industrial measurement chips, general-purpose microcontroller chips, other products and technology development services. Its products are used in fields such as smart health, pressure touch, smart home perception, industrial measurement and general-purpose microcontrollers. The Company conducts its businesses within the China market and to overseas markets.

In financial year 2019, Chipsea Technologies(Shenzhen) garnered a total revenue of RMB 258.41 mln, up 18% YoY. In terms of net income, it achieved RMB 43 mln, up 132% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 17.82% and 13.28% respectively, earning per share (EPS) of 0.98 RMB.


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