Sidea Semiconductor Equipment (Shenzhen) (SHE:301629) launched an initial public offering of up to 545.4 million yuan on the Shenzhen Stock Exchange.
The semiconductor testing equipment company looks to issue 10,431,819 shares at 52.28 yuan apiece, according to a Friday bourse filing.
The shares to be issued account for 25% of the entire share capital. Sidea expects to hold 41,727,274 shares after the IPO, the filing said.
China Merchants Securities (HKG:6099, SHA:600999) is the sponsor and lead underwriter of the offering.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.