Abstract: Nexchip, an IC foundry focused on display driver ICs and image sensors, launched its IPO to raise USD 897m through an A+H listing. CICC 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.
GOERTEK, DAJIN, HUA HONG SEMI, Zijin Gold Intl, HANS CNC, GPIXEL, SG MICRO, CATL, GIGADEVICE, MONTAGE TECH, SMARTSENS, HUA HONG SEMICONDUCTOR, SMIC, SMIC, CHERY AUTOMOBILE
Interested in the full report? Get in touch with our team.