Jibenhand導體 (09971) IPO Oversubscribed 552.29x, HK IPO Concludes with ~HK$870M Fundraising

According to Smart Finance, the Hong Kong IPO of Jibenhand導體 (09971) concluded on July 3, with subscription oversubscription of approximately 552.29 times. The company plans to raise up to HK$870 million, with an entry fee of approximately HK$6,388 per board lot (200 shares). The silicon carbide (SiC) power semiconductor manufacturer is scheduled to list on July 8. Fundraising proceeds will be allocated toward production capacity expansion (60%), SiC product research and development (20%), global distribution network expansion (10%), and working capital (10%).
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