Abstract: Ingenic Semiconductor, a fabless memory and computing IC designer, launched its IPO to raise USD 410m through an A+H listing. GTJA is the sole sponsor. In this note, we look at the deal terms and provide our thoughts on valuation for the company. We analyze reference A+H transactions, cornerstone and sponsor performance and assess the risk-reward of the deal.
INGENIC SEMICONDUCTOR, FORTIOR, LINGYI ITECH, NEXCHIP, LUXSHARE ICT, NOVOSENSE, SG MICRO, GPIXEL, SG MICRO, CATL, GIGADEVICE, HUAQIN TECHNOLOGY, GIGADEVICE SEMICONDUCTOR, CIG, MONTAGE TECH, MONTAGE, SUZHOU NOVOSENSE MICROELECTRONICS, FORTIOR TECHNOLOGY(SHENZHEN), SMIC, SMIC
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