Jingtian & Gongcheng Advises on Actions' Listing on SSE STAR Market
Date:2021-11-29

Actions Technology Co., Ltd. (“Actions”; Stock Code: 688049.SH) completed its IPO and listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange (SSE STAR Market) on November 29, 2021. The company offered 30.5 million ordinary shares at RMB 42.98 per share, raising approximately RMB 1.311 billion (planning to raise approximately RMB 352 million).The stock closed up 97.79% on its first trading day, with a market capitalization of approximately RMB 10.371 billion.

Actions is a Chinese leading low-power SoC chip designer. The company produces SoCs for Bluetooth audio, portable multimedia and intelligent voice interaction applications, which are used in a broad range of fields such as Bluetooth speaker, Bluetooth handset, Bluetooth voice controller, Bluetooth transceiver, smart education, smart office and smart home.

The overseas parent company of Actions before its restructuring was listed on NASDAQ in November 2005, then was privatized and delisted in December 2016. With nearly 20 years of R&D experience, the company develops low-noise, low-power and high-quality audio signal chain technologies centered on audio coding and decoding, analog-digital mixed multimedia processing, power management and high-speed analog interface, as well as low-power wireless connection technologies centered on Bluebooth radio frequency, baseband and protocol stack.

As the legal adviser to the issuer, Jingtian & Gongcheng's legal team provided comprehensive legal services for the IPO and listing of Actions, including overseas restructuring, shareholding structure setup, pre-IPO financing and IPO application. To identify the actual controller of Actions and verify his or her invested companies in the same industry, Jingtian & Gongcheng coordinated with several overseas law firms to successfully finish the IPO-related legal work with the concerted efforts of the issuer and intermediaries. Jingtian & Gongcheng was highly trusted and recognized by the client and intermediaries for its strict work attitude, as well as timely and efficient services.

微信公众号 ×

使用“扫一扫”即可添加关注