"New Shares" Aisinyuan Zhi starts accepting subscriptions today, with a one-hand entry fee of HKD 2,848.44

AI inference SoC supplier Aisino (00600.HK) began its IPO today (January 30) and will close at noon next Thursday (February 5), with an expected listing date of February 10. The company plans to issue 105 million H shares, with 10% for public offering in Hong Kong and 90% for international offering, at an offer price of HKD 28.2 per share, raising approximately HKD 2.959 billion. The entry fee for one board lot of 100 shares is HKD 2,848.44. The joint sponsors are China International Capital Corporation, Guotai Junan International, and Bank of Communications International.

Aisino's listing has attracted 16 cornerstone investors, including OmniVision (00501.HK) subsidiary Weir Semiconductor Hong Kong, Youngor (600177.SH) subsidiary New Mar International, JSC International Investment Fund SPC, NGS Super Pty, Desay SV Automotive Singapore Pte. (002920.SZ), Factorial Master Fund, Hel Ved Master Fund, Valliance Asset Management, Mingshan Capital, Joyson Electronics Holdings Hong Kong (00699.HK), Jupiter Global Master Fund, GRANITE ASIA IX VCC, Haon and CICC Financial Trading, NonaVerse (Hong Kong), Qingdao Guanlan, and Guotai Junan Securities Investment (Hong Kong) and Jinyi Capital Multi-Strategy Fund, collectively subscribing for USD 185 million of the company's shares.

The company is expected to net approximately HKD 2.79 billion from the listing, with about 60% allocated for investing in optimizing the existing technology platform, mainly for gradual improvements to the group's existing products to enhance performance and efficiency, and to launch new products; about 15% for investing in R&D projects, primarily to develop new technologies to expand the business scope; about 5% for sales expansion; about 10% for equity investments or acquisitions, aimed at further integrating upstream and downstream industry resources; and about 10% for working capital and other general corporate purposes.

According to data from ZhiShi Consulting, Aisino is the fifth largest supplier of visual edge AI inference chips globally by shipment volume in 2024. In terms of performance, the company's revenue for the first nine months of last year was RMB 269 million, an increase of 5.8% year-on-year; the loss attributable to shareholders was RMB 830 million, widening from RMB 659 million in the same period of 2024