The hottest new semiconductor investors may consid

2022-09-19
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New semiconductor investors: they may consider listing in Hong Kong or Shenzhen

the downturn in the U.S. economy is prompting local semiconductor companies to reassess their listing locations

Fu Jixun, one of the investors of Shanghai Xinjin Semiconductor Co., Ltd. (BCD, hereinafter referred to as "Xinjin"), the managing partner of Jiyuan capital (yuanhuanhui investment, GGV), exclusively revealed to China business that the landing place of Xinjin's initial IPO may be selected on the Hong Kong stock exchange or Shenzhen GEM

or listed in Hong Kong and Shenzhen

just a month ago, this local famous analog semi-5, tension testing machine oil filling and oil drainage conductor device manufacturer suddenly announced that due to immature market conditions, it would temporarily postpone the U.S. IPO trip

at the end of January, it publicly said that the company had applied to the securities and Exchange Commission (SEC) for a public offering of 6million American Depositary Receipts (ads), with a price range of $9 to $11. In addition, Deutsche Bank Securities, the underwriter, will be allowed to issue an additional 900000 ADSS

a week ago, when the new lead underwriter did not do experiments for a long time, piperjaffray hinted to this newspaper that the market risk caused by the U.S. subprime mortgage crisis was the main reason for its cancellation of the U.S. listing. Gao Baoming, the head of its Asia region, told this newspaper with a helpless face that the market variables were unpredictable and the listing date was difficult to determine. However, he denied that the decision of Xinjin to cancel the listing in the United States was decided by VC and securities companies

in this regard, Fu Jixun said yesterday that the capital market itself has adjusted significantly, and both VC and enterprises should take a wait-and-see attitude and remain calm about all variables. He believes that the cycle of the credit crisis in the United States may not be too long, at least shorter than the last financial crisis (2000-2003). However, every domestic enterprise that plans to go public should have such psychological preparation: the listing time will be delayed and the premium will shrink

new CFO: it is still scheduled to be in the United States

however, yesterday, new CFO Zhang Shaohua told China business news through his assistant Miss Ruan that the company's listing choice will still be in the United States

this means that at present, if newcomers insist on landing in the United States as soon as possible, they will either endure the embarrassment of the future decline in financing or patiently wait for the boom to come

landing in the United States is indeed the best choice, because the semiconductor industry is highly globalized, and many new customers are also overseas. Relatively speaking, listing in Hong Kong or Shenzhen will be difficult to gain popularity, because investors in this field still have limited knowledge of the semiconductor industry. In addition, the potential financing amount of Shenzhen GEM may be only a few hundred million yuan, which is only a drop in the bucket for semiconductor manufacturing enterprises

new entrants are in urgent need of financial support. China Business News learned that as of September 30 last year, hydrostatic pressure test was a standard that SMS (spunbonded/melt blown/spunbonded) non-woven fabric special product specifications used in the field of sanitary products usually need to reach. Its debt was about 16.6 million US dollars, but its revenue was growing rapidly through the serial port (COM port) on the back of the accounting machine. In the first nine months of last year, it reached 69.4 million US dollars, an increase of 40% over the same period in 2006. Previously, it estimated that it was expected to raise $75.9 million after landing in the United States, and then planned to inject $40million into the Shanghai operation headquarters to repay the loan, increase working capital, expand manufacturing, enhance R & D capacity and implement mergers and acquisitions

Xinjin has obtained several rounds of financing since its establishment. At present, its investments include red dot investment, venlockassociates, Unitalen, Intel and other famous enterprises. (mu Yifan, Wang Ruchen)

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