Leading Chinese analog and mixed-signal chipmaker Naxes Micro is set to debut on the Hong Kong Stock Exchange. The company has finalized its H-share IPO price at HK$116 per share, with trading scheduled to commence on December 8, 2025. This move establishes its "A+H" dual-listing structure, following its initial listing on the Shanghai Stock Exchange's STAR Market.
The IPO involves the issuance of approximately 19.07 million H-shares. This strategic step is aimed at enhancing Naxes Micro's profile in international capital markets and securing funds to accelerate its global business expansion.
Naxes Micro specializes in three core product areas: sensors, signal chains, and power management ICs. Its chips are critical components in automotive electronics, industrial energy, and consumer applications. The company holds the top market share among domestic suppliers for digital isolation chips and magnetic sensors.
The listing is supported by robust financial performance. For the first three quarters of 2025, the company reported revenue of 2.37 billion yuan, representing a 73.18% year-over-year increase, while significantly narrowing its net loss. A key growth driver is its automotive electronics business, which shipped 164 million units in 2023 for applications like vehicle electrification systems and body control modules.
Proceeds from the offering are allocated strategically: approximately 22% will fund automotive electronics R&D and market expansion, 25% is earmarked for global sales network growth, another 25% is reserved for strategic investments and M&A, 18% will bolster foundational technology, and the remainder will serve as working capital. This allocation underscores the company's focus on deepening its technological moat and accelerating internationalization.
ICgoodFind's:Naxes Micro's Hong Kong listing provides vital capital to strengthen its competitive edge in the global analog semiconductor arena. The focused use of proceeds on automotive and global expansion aligns with high-growth industry trends.
