Jingtian & Gongcheng Advises on Awinic’s IPO and Listing on SSE STAR Market
Date:2021-08-16

Shanghai Awinic Technology Company Limited (“Awinic”, Stock Code: 688798.SH) completed its IPO of A shares and listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange (SSE STAR Market) on August 16, 2021. Awinic offered 41.8 million RMB-denominated common shares at RMB 76.58 per share, and raised a total of approximately RMB 3.2 billion. The stock price went up by 240% on its first trading day, bringing Awinic’s market capitalization over RMB 43 billion.

 

Awinic is an IC design company that develops and sells IC chips with a focus on high-quality mixed signal, analog and RF. The centerpieces of the company’s product catalog are audio amplifier chip, power management chip, RF front end chip, motor driver chip, etc. With over 470 models for its main product offerings, the company sold about 3.2 billion chips in 2020 to power a wide range of new smart devices as represented by smartphones. The company is also supplying products to such market segments as wearables featuring smart watches and bluetooth headsets, portable smart devices featuring tablets and laptops, IoT devices represented by IoT modules and smart speakers, and other smart devices.

 

Awinic is a major supplier of mixed signal, analog and RF chips for domestic smartphones with a client base that includes such reputable phone makers as Samsung, Huawei, Xiaomi, OPPO, vivo, Transsion, TCL and Lenovo, and established ODM manufacturers such as Huaqin Technology, Wingtech Technology and Longcheer.

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