IPO Timeline Raw facts
Broker Deadline
Morning deadline
HKEX Deadline
Noon deadline
Broker Results (T-2)
Some brokers release in afternoon
Grey Market (T-1)
Afternoon
HKEX Allotment (T-1)
Evening
Registrar Allotment (T-1)
Evening
Listing Day (T)
First day of trading
Cross-Market Price Comparison
| Other Listed Market | Shenzhen (SZSE) — 北京君正 |
|---|---|
| Other Market Stock Code | 300223 |
| H-Share Offer Price | HK$ 100.00 |
| Other Market Price | Loading... |
| Reference Exchange Rate | Loading... |
| H-Share Offer Price Premium/Discount vs Other Market | Loading... |
Company Overview
| Stock Name | Ingenic |
|---|---|
| Stock Code | 03223 |
| Company Full Name | Ingenic Semiconductor Co., Ltd. |
| Industry | Information Technology |
| Principal Activities | We are a “storage + computing + analog” chip provider, and our products are widely used in automotive electronics, industrial and medical applications, as well as AIoT and smart security devices. |
| Listing Date | 2026-08-25 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國北京市海淀區西北旺東路10號院東區14號樓一層A101-A113 |
| Business Address (Hong Kong) | 香港銅鑼灣勿地臣街1號時代廣場二座31樓 |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | www.ingenic.com.cn |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | 香港中央證券登記有限公司，香港灣仔皇后大道東183號合和中心17樓1712-1716號舖 |
| A-Share/US Dual Listing | Yes (A股) |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 100.00 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 10,000 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-08-17 to 2026-08-20 |
| Global Offering Shares | 31,287,300 shares |
| HK Public Offer Shares (Initial) | 3,128,800 shares (10.0%) |
| Public Offer Lots (Initial) | 31,288lots (Pool A15,644lots，Pool B15,644lots) |
| International Placing Shares (Initial) | 28,158,500 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 514,951,667 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | 国泰君安证券（香港）有限公司 CE ABY236 |
| Cornerstone Share | 46.8% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 3,128,730,000 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 10,000 |
| 2 lots | 200 | HK$ 20,000 |
| 3 lots | 300 | HK$ 30,000 |
| 4 lots | 400 | HK$ 40,000 |
| 5 lots | 500 | HK$ 50,000 |
| 6 lots | 600 | HK$ 60,000 |
| 7 lots | 700 | HK$ 70,000 |
| 8 lots | 800 | HK$ 80,000 |
| 9 lots | 900 | HK$ 90,000 |
| 10 lots | 1,000 | HK$ 100,000 |
| 15 lots | 1,500 | HK$ 150,000 |
| 20 lots | 2,000 | HK$ 200,000 |
| 25 lots | 2,500 | HK$ 250,000 |
| 30 lots | 3,000 | HK$ 300,000 |
| 35 lots | 3,500 | HK$ 350,000 |
| 40 lots | 4,000 | HK$ 400,000 |
| 45 lots | 4,500 | HK$ 450,000 |
| 50 lots | 5,000 | HK$ 500,000 |
| 60 lots | 6,000 | HK$ 600,000 |
| 70 lots | 7,000 | HK$ 700,000 |
| 80 lots | 8,000 | HK$ 800,000 |
| 90 lots | 9,000 | HK$ 900,000 |
| 100 lots | 10,000 | HK$ 1,000,000 |
| 200 lots | 20,000 | HK$ 2,000,000 |
| 300 lots | 30,000 | HK$ 3,000,000 |
| 400 lots | 40,000 | HK$ 4,000,000 |
| 500 lots | 50,000 | HK$ 5,000,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 600 lots | 60,000 | HK$ 6,000,000 |
| 700 lots | 70,000 | HK$ 7,000,000 |
| 800 lots | 80,000 | HK$ 8,000,000 |
| 900 lots | 90,000 | HK$ 9,000,000 |
| 1,000 lots | 100,000 | HK$ 10,000,000 |
| 2,000 lots | 200,000 | HK$ 20,000,000 |
| 3,000 lots | 300,000 | HK$ 30,000,000 |
| 4,000 lots | 400,000 | HK$ 40,000,000 |
| 5,000 lots | 500,000 | HK$ 50,000,000 |
| 6,000 lots | 600,000 | HK$ 60,000,000 |
| 7,000 lots | 700,000 | HK$ 70,000,000 |
| 8,000 lots | 800,000 | HK$ 80,000,000 |
| 9,000 lots | 900,000 | HK$ 90,000,000 |
| 10,000 lots | 1,000,000 | HK$ 100,000,000 |
| 12,500 lots | 1,250,000 | HK$ 125,000,000 |
| 15,644 lots | 1,564,400 | HK$ 156,440,000 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 2.56B |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 51,495,166,700 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not disclosed |
| Profit/Loss Status | Net profit RMB 375.3 million |
| Period-End Cash Balance | RMB 3,711.87 million |
| Listing Expenses | ~HK$ 75,100,000 |
| Listing Expenses / Funds Raised | ~2.4% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | Loading... |
|---|---|
| Use of Proceeds | Approximately 50% will be used to strengthen technological innovation and product development in the three core product lines (of which 35% for storage chips, 10% for computing chips and 5% for analog chips), approximately 25% for strategic investments and/or acquisitions, approximately 15% for expanding the network and promoting products, and approximately 10% as working capital and for other general corporate purposes. |
Underwriting Syndicate
Sole Sponsor (1)
国泰君安融资有限公司 CE AGS488(sole)
Sponsor cum Overall Coordinator (1)
国泰君安证券（香港）有限公司 CE ABY236
Overall Coordinators (2)
Joint Global Coordinators (1)
国泰君安证券（香港）有限公司 CE ABY236
Capital Market Intermediaries (5)
Stabilizing Manager (1)
国泰君安证券（香港）有限公司 CE ABY236
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
富而德律师事务所 Zhong Lun Law Firm Sheppard, Mullin, Richter & Hampton LLP |
| Legal Advisor to Sponsors/Underwriters |
汉坤律师事务所 汉坤律师事务所 |
| Auditor and Reporting Accountant | 信永中和（香港）会计师事务所 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司 |
| Receiving Banks |
招商永隆银行有限公司 中信银行（国际）有限公司 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Emerald Prime | 60,000,000 USD | 4,578,600 | 14.63% | 0.89% | 6 months | 2027-02-25 |
| 2 | 廣發基金 | 30,000,000 USD | 2,289,300 | 7.32% | 0.44% | 6 months | 2027-02-25 |
| 3 | Perseverance Asset Management | 9,650,000 USD | 736,300 | 2.35% | 0.14% | 6 months | 2027-02-25 |
| 4 | 上海高毅與華泰資本投資（與華泰背對背總回報掉期及華泰客戶總回報掉期有關） | 10,000,000 USD | 763,100 | 2.44% | 0.15% | 6 months | 2027-02-25 |
| 5 | 新加坡華勤 | 15,000,000 USD | 1,144,600 | 3.66% | 0.22% | 6 months | 2027-02-25 |
| 6 | 工銀理財 | 15,000,000 USD | 1,144,600 | 3.66% | 0.22% | 6 months | 2027-02-25 |
| 7 | Arrow Target | 13,000,000 USD | 992,000 | 3.17% | 0.19% | 6 months | 2027-02-25 |
| 8 | 匯添富（香港） | 12,000,000 USD | 915,700 | 2.93% | 0.18% | 6 months | 2027-02-25 |
| 9 | 奇點資產 | 12,000,000 USD | 915,700 | 2.93% | 0.18% | 6 months | 2027-02-25 |
| 10 | Heading Pioneer 10 Fund LPF | 10,000,000 USD | 763,100 | 2.44% | 0.15% | 6 months | 2027-02-25 |
| 11 | Dream’ee HK基金 | 5,000,000 USD | 381,500 | 1.22% | 0.07% | 6 months | 2027-02-25 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman / Executive Director | 劉強 | Liu Qiang |
| Company Secretary | 張敏 | — |
| Non-Executive Director | 李杰 | Li Jie |
| Independent Non-Executive Director | 葉金福 | Ye Jinfu |
| Executive Director | 張緊 | Zhang Jin |
| Non-Executive Director | 鄭浩 | Zheng Hao |
| Independent Non-Executive Director | 肖利民 | Xiao Limin |
| Executive Director | 冼永輝 | Xian Yonghui |
| Non-Executive Director | 張燕祥 | Zhang Yanxiang |
| Independent Non-Executive Director | 于瑩 | Yu Ying |
| Executive Director | 黃磊 | Huang Lei |
| Independent Non-Executive Director | 向左 | Xiang Zuo |
Major Shareholders
| Major Shareholders & Holdings | Dr. Liu Qiang and Mr. Li Jie (persons acting in concert) jointly hold 58,411,378 A shares, representing approximately 11.34% of the total issued share capital immediately after completion of the Global Offering. |
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