JUNZHENG (03223.HK): Opens flat on listing debut at HKD 100.00 per share, raising net proceeds of approximately HKD 3.055 billion
NewTimeSpace News: Junzheng (03223.HK) opened flat on its first day of listing, with the opening price of HKD 100.00 in line with the offer price. According to the announcement, the shares were priced at HKD 100.00 each, with an aggregate of 31,287,300 shares issued, 100 shares per board lot, and net proceeds of approximately HKD 3.055 billion.
According to the prospectus, Junzheng is a "storage + computing + analog" chip provider that leverages industry trends and proprietary technologies to offer storage chips optimized for AI workloads, computing chips with chip acceleration and inference capabilities, and analog chips enabling intelligent sensing and power management.
The Company's products are widely applied in automotive electronics, industrial and medical, AIoT and intelligent security surveillance devices.
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