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
Company Overview
| Stock Name | Basicsemi |
|---|---|
| Stock Code | 09971 |
| Company Full Name | BASiC Semiconductor Co., Ltd. |
| Industry | Information Technology |
| Principal Activities | Focused on the research and development, manufacturing and sales of silicon carbide power devices, providing silicon carbide power modules, silicon carbide discrete devices and power semiconductor gate drivers. |
| Listing Date | 2026-07-08 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | 18C特專科技 |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國深圳市坪山區龍田街道老坑社區光科一路6號青銅劍科技大廈1棟801 |
| Business Address (Hong Kong) | 香港灣仔皇后大道東248號大新金融中心40樓 |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | basicsemi.com |
| 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 | No |
Offering Information
| Offering Mechanism | 18C |
|---|---|
| Offer Price | HK$ 31.62 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 200 shares |
| Entry Threshold | HK$ 6,324 |
| Par Value | RMB 0.2 / shares |
| Offer Period | 2026-06-29 to 2026-07-03 |
| Global Offering Shares | 27,386,200 shares |
| HK Public Offer Shares (Initial) | 1,369,400 shares (5.0%) |
| Public Offer Lots (Initial) | 6,847lots (Pool A3,423lots，Pool B3,424lots) |
| International Placing Shares (Initial) | 26,016,800 shares (95.0%) |
| Offer Ratio | ~5.0% |
| Total Shares Post-IPO | 304,289,725 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | SINOLINK SECURITIES (HONG KONG) COMPANY LIMITED CE AAI195 |
| Cornerstone Share | No cornerstone investors |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 865,951,644 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 6,324 |
| 2 lots | 400 | HK$ 12,648 |
| 3 lots | 600 | HK$ 18,972 |
| 4 lots | 800 | HK$ 25,296 |
| 5 lots | 1,000 | HK$ 31,620 |
| 6 lots | 1,200 | HK$ 37,944 |
| 7 lots | 1,400 | HK$ 44,268 |
| 8 lots | 1,600 | HK$ 50,592 |
| 9 lots | 1,800 | HK$ 56,916 |
| 10 lots | 2,000 | HK$ 63,240 |
| 15 lots | 3,000 | HK$ 94,860 |
| 20 lots | 4,000 | HK$ 126,480 |
| 25 lots | 5,000 | HK$ 158,100 |
| 30 lots | 6,000 | HK$ 189,720 |
| 35 lots | 7,000 | HK$ 221,340 |
| 40 lots | 8,000 | HK$ 252,960 |
| 45 lots | 9,000 | HK$ 284,580 |
| 50 lots | 10,000 | HK$ 316,200 |
| 100 lots | 20,000 | HK$ 632,400 |
| 150 lots | 30,000 | HK$ 948,600 |
| 200 lots | 40,000 | HK$ 1,264,800 |
| 250 lots | 50,000 | HK$ 1,581,000 |
| 300 lots | 60,000 | HK$ 1,897,200 |
| 350 lots | 70,000 | HK$ 2,213,400 |
| 400 lots | 80,000 | HK$ 2,529,600 |
| 450 lots | 90,000 | HK$ 2,845,800 |
| 500 lots | 100,000 | HK$ 3,162,000 |
| 600 lots | 120,000 | HK$ 3,794,400 |
| 700 lots | 140,000 | HK$ 4,426,800 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 800 lots | 160,000 | HK$ 5,059,200 |
| 900 lots | 180,000 | HK$ 5,691,600 |
| 1,000 lots | 200,000 | HK$ 6,324,000 |
| 1,250 lots | 250,000 | HK$ 7,905,000 |
| 1,500 lots | 300,000 | HK$ 9,486,000 |
| 1,750 lots | 350,000 | HK$ 11,067,000 |
| 2,000 lots | 400,000 | HK$ 12,648,000 |
| 2,250 lots | 450,000 | HK$ 14,229,000 |
| 2,500 lots | 500,000 | HK$ 15,810,000 |
| 2,750 lots | 550,000 | HK$ 17,391,000 |
| 3,000 lots | 600,000 | HK$ 18,972,000 |
| 3,250 lots | 650,000 | HK$ 20,553,000 |
| 3,423 lots | 684,600 | HK$ 21,647,052 |
Stock Connect Inclusion Analysis
| 26Q4 Regular Review | |
| Inclusion Pathway | Regular Path |
|---|---|
| HK Market Cap | HK$ 9.45B |
| Est. Threshold | HK$ 9.44B |
| Analysis Result | HK market cap met, expected inclusion ~2027-03-08 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 9,621,641,104 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not applicable (loss-making) |
| Profit/Loss Status | Net loss RMB 335.2 million |
| Period-End Cash Balance | RMB 98.68 million |
| Listing Expenses | ~HK$ 97,000,000 |
| Listing Expenses / Funds Raised | ~12.0% |
| Total Pre-IPO Investment | approximately RMB 1,032 million |
| First Day Close | Loading... |
|---|---|
| Use of Proceeds | Approximately 60% will be used to expand wafer and module production capacity, approximately 20% for research and development, approximately 10% to expand the global distribution network, and approximately 10% for working capital. |
Underwriting Syndicate
Joint Sponsors (2)
Sponsor cum Overall Coordinator (1)
BOCI ASIA LIMITED CE AET863
Overall Coordinators (2)
Joint Global Coordinators (2)
Joint Bookrunners (9)
SINOLINK SECURITIES (HONG KONG) COMPANY LIMITED CE AAI195
BOCI ASIA LIMITED CE AET863
FORTUNE (HK) SECURITIES LIMITED CE AHQ488
Futu Securities International (HONG KONG) Limited CE AZT137
Guosen Securities (HK) Capital Company Limited CE AUX600
PATRONS SECURITIES LIMITED CE BPQ161
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
TradeGo Markets Limited CE BRO637
YUE XIU SECURITIES COMPANY LIMITED CE ABQ722
Joint Lead Managers (9)
SINOLINK SECURITIES (HONG KONG) COMPANY LIMITED CE AAI195
BOCI ASIA LIMITED CE AET863
FORTUNE (HK) SECURITIES LIMITED CE AHQ488
Futu Securities International (HONG KONG) Limited CE AZT137
Guosen Securities (HK) Capital Company Limited CE AUX600
PATRONS SECURITIES LIMITED CE BPQ161
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
TradeGo Markets Limited CE BRO637
YUE XIU SECURITIES COMPANY LIMITED CE ABQ722
Capital Market Intermediaries (9)
SINOLINK SECURITIES (HONG KONG) COMPANY LIMITED CE AAI195
BOCI ASIA LIMITED CE AET863
FORTUNE (HK) SECURITIES LIMITED CE AHQ488
Futu Securities International (HONG KONG) Limited CE AZT137
Guosen Securities (HK) Capital Company Limited CE AUX600
PATRONS SECURITIES LIMITED CE BPQ161
TIGER BROKERS (HK) GLOBAL LIMITED CE BMU940
TradeGo Markets Limited CE BRO637
YUE XIU SECURITIES COMPANY LIMITED CE ABQ722
Stabilizing Manager (1)
SINOLINK SECURITIES (HONG KONG) COMPANY LIMITED CE AAI195
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company | 金杜律师事务所 |
| Legal Advisor to Sponsors/Underwriters | 高伟绅律师行 |
| Auditor and Reporting Accountant | 安永会计师事务所 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Receiving Banks |
中国银行（香港）有限公司 招商永隆银行有限公司 |
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman / Executive Director | 汪之涵 | Wang Zhihan |
| Company Secretary | 張煜 | — |
| Independent Non-Executive Director | 李居平 | Li Juping |
| Executive Director | 和巍巍 | He Weiwei |
| Independent Non-Executive Director | 葉翔 | Ye Xiang |
| Executive Director | 傅俊寅 | Fu Junyin |
| Independent Non-Executive Director | 王蘇生 | Wang Susheng |
| Executive Director | 閆瑞 | Yan Rui |
Major Shareholders
| Major Shareholders & Holdings | Dr. Wang Zhihan, the Controlling Shareholder, and his persons acting in concert (including 青銅劍科技, 基本原理, etc.), will in aggregate control approximately 41.84% of the issued share capital of the |
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