New share news | SG Micro Corp (03661) ends subscription with a recorded oversubscription of 51.8 billion Hong Kong dollars, which is 111.6 times oversubscribed.

Domestic analog integrated circuit leader SG Micro Corp (03661) launched its IPO from June 17, 2026 to June 23, 2026, and the latest IPO has ended. According to market news, SG Micro Corp has obtained a margin loan of HK$51.8 billion from securities firms, with a total public offering of HK$460 million, oversubscribed 111.6 times. SG Micro Corp plans to globally issue 54.012 million H shares, with 10% for public offering in Hong Kong (subject to reallocation) and 90% for international offering (subject to reallocation), with an additional 15% over-allotment option. The maximum offer price per share is HK$85.20, with 100 shares per hand, an entry fee of approximately HK$8605.92 per hand, raising up to around HK$46 billion. The company expects to be listed for trading on June 26 (Friday), with CICC and Huatai International as its joint sponsors. For this offering, the company has entered into cornerstone investment agreements with GIC Private Limited, JPMAMAPL, CPE Ginkgo, Da Cheng International, Taikang Life, DAMSIMF, First Sentier Investors, GF Fund Management, GF Fund Hong Kong, Golden Continent, JPMorgan Asset Management, HHLRA, HHLRA (SMA investment manager managed by CPP Investments), Huadeng Technology, Singapore Qiaqin, Sungrow Power, ICBC Wealth Management, iSoftStone HK, LMR Master Fund, Millennium Capital, Ninety One Asia, Ocean Fine Industrial, China Post Wealth Management, Taikang Life, Value Partners Hong Kong Limited, and Value Partners Limited. Cornerstone investors have agreed to subscribe for US$293 million (approximately HK$2.295 billion) of the offering shares. The prospectus shows that SG Micro Corp is a leading analog integrated circuit (IC) company in China. The company designs, develops, and sells analog integrated circuits and sensors with functions such as sensing, amplification, conversion, and driver, forming the basic building blocks of all electronic systems. According to Frost & Sullivan data, based on 2025 revenue, the company ranks first among domestic companies in the Chinese analog integrated circuit market and eighth globally, with a market share of 1.8%. As of the last feasible date, the company has over 6800 types of analog integrated circuits and sensor products covering 38 product categories. With strong design and process capabilities, the company provides system-level solutions to shorten product time to market. The company's products are not only core components in end markets such as industrial, networking, and consumer electronics, but also widely used in electric vehicles (EV), data centers, Siasun Robot&Automation, renewable energy, and next-generation consumer devices. The company's signal chain integrated circuits help electronic devices interpret the physical world. They receive signals from sensors, prepare them for data processing, and collect, adjust, and amplify signals from the physical world, converting them into high-precision digital signals. From data acquisition points to the final output, the company's products maintain signal integrity throughout, which is crucial for applications requiring precise measurements, low noise, and minimal errors. The company's power management integrated circuits control the way energy is delivered within electronic devices. They determine the power received by each part of the device, convert power into the voltage levels required by different components, and distribute power safely throughout the system. At the same time, they can protect against surges or abnormal power flow. By maintaining stable power supply and accurate control, the products help maintain reliable operation of systems and achieve efficient energy utilization. Financially, in the fiscal years 2023, 2024, and 2025, the company achieved revenues of approximately RMB 2.616 billion, RMB 3.347 billion, and RMB 3.898 billion respectively, with a compound annual growth rate of 22.1% from 2023 to 2025. During the same period, annual profits were approximately RMB 270 million, RMB 491 million, and RMB 534 million respectively. The company plans to use approximately 60% of the net proceeds for enhancing research and development capabilities and expanding product portfolio in the next five years; approximately 26.0% is expected to be used for strategic investments and/or acquisitions aimed at integrating industry resources; 6% will be used for expanding overseas sales networks in the next five years, particularly strengthening sales and marketing capabilities in Europe, Japan, South Korea, and Singapore; approximately 8.0% will be allocated to operating funds and general corporate purposes.