BASiC Semiconductor(09971.HK): IPO Subscription Opens Today; Entry Fee HK$6,387.78
NewTimeSpace News: Shenzhen BASiC Semiconductor Co., Ltd. (09971.HK) launches its public offering subscription on 29 June, with each board lot consisting of 200 shares and an entry fee of HK$6,387.78. The indicative offer price range is HK$27.49 to HK$31.62 per share, and approximately 27.38 million shares will be offered globally. Listing is expected on 8 July. According to Frost & Sullivan data, ranked by 2024 revenue, the Company stood sixth in China’s silicon carbide power module market with a 2.9% market share.
NewTimeSpace News: Shenzhen BASiC Semiconductor Co., Ltd. (09971.HK) opens its public IPO subscription on 29 June 2026, and the listing is scheduled for 8 July 2026.
Per the prospectus, the indicative offer price ranges from HK$27.49 to HK$31.62 per share. Each board lot contains 200 shares, with an entry fee of HK$6,387.78 (calculated based on the maximum offer price). Around 27.38 million shares are to be offered globally, of which roughly 1.36 million shares are reserved for the Hong Kong Public Offering, with an estimated fundraising size of HK$713 million.
Founded in 2016, the Company engages in the research, development, manufacturing and sales of silicon carbide power devices in China, mainly supplying automotive-grade and industrial-grade silicon carbide power modules, discrete SiC devices and power semiconductor gate drivers.
Based on Frost & Sullivan industry reports and 2024 revenue metrics:The Company ranked sixth in China’s silicon carbide power module market with a 2.9% market share;It ranked ninth in both China’s silicon carbide discrete device market and power semiconductor gate driver market, capturing respective market shares of 2.7% and 1.7%.
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