Equity· IPO

3peak Incorporated’s IPO debut on SSE STAR Market today

minutes 2020/09/21 03:14:09

Sep 21, 2020 (China Knowledge) - 3peak Incorporated (688536) to start trading on the Shanghai STAR Market today, at a public offering price of RMB 115.71 per share, raising RMB 2.31 bln. Its initial listing shares account for 25% of total outstanding shares. The company’s initial price-to-earning ratio (PE) stands at 141.48.

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

Earlier, 3peak Incorporated said its IPO was 3,360 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.

3PEAK INCORPORATED is a China-based company mainly engaged in the research, development and sales of analog integrated circuit products. The Company's products mainly include signal chain analog chips such as linear products, converter products and interface products, as well as power management analog chips. Its products are applied in information communication, industrial control, surveillance security, medical and health, instrumentation, household appliances and other fields. The Company distributes its products within domestic market and to overseas markets such as South Korea.

In financial year 2019, 3peak Incorporated garnered a total revenue of RMB 303.58 mln, up 166% YoY. In terms of net income, it achieved RMB 71 mln, up 900% YoY. Accordingly, return on equity (ROE) and return on asset (ROA) stood at 50.29% and 38.25% respectively, earning per share (EPS) of 2.84 RMB.


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