【New Stock IPO】Fourier 3625 Listing to Raise up to 600 Million Yuan, Power Amplifier Audio Chip and Haptic Feedback Chip Supplier Entry Fee of 5050 Yuan per Lot

SocialAnxietyStaker · 2026-03-23T00:03:38+00:00

Fourier plans to conduct an IPO from March 23-26, issuing 12 million H shares at a price range of HK$40-50 per share, with an expected listing date of March 31. The company focuses on power amplifier audio and haptic feedback chips, ranking fourth globally among suppliers, with projected deliveries exceeding 450 million chips in 2024. IPO proceeds will be used for R&D, equipment purchases, and strategic acquisitions.

SocialAnxietyStaker

2026-03-23 00:03:38

Abstract generation in progress

Furuiye (Listing Number: 03625) Offering from March 23 to 26. Chinese supplier of audio amplifier chips and haptic feedback chips plans to issue 12 million H-shares, with 5% for public offering in Hong Kong. The offer price ranges from HKD 40 to HKD 50, raising up to HKD 600 million. Each lot consists of 100 shares, with an entry fee of HKD 5,050.4. Furuiye is expected to list and start trading on March 31. Cathay Securities and Orient Securities are joint sponsors.

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Furuiye is a Chinese supplier of audio amplifier chips and haptic feedback chips. Operating without a wafer business model, it focuses on designing low-power audio chips, medium- and high-power audio chips, and haptic feedback chips, providing comprehensive solutions for emerging application scenarios.

Ranked Fourth Among Global Audio Amplifier Chip Suppliers

According to a Frost & Sullivan report, based on 2024 revenue, Furuiye ranks fourth among global audio amplifier chip suppliers, third among Chinese audio amplifier chip suppliers, and fifth among Chinese haptic feedback chip suppliers. In 2024, it delivered over 400 million audio amplifier chips in China and over 450 million globally.

Products include:

(1) Low-power audio chips, including two main types: adaptive power control audio chips and portable amplifier audio chips
(2) Medium- and high-power audio chips
(3) Haptic feedback chips
(4) Others, including power management chips

In the first 10 months of last year, Furuiye recorded revenue of RMB 280 million, a decrease of 2.8% year-on-year. The top five customers accounted for 88.2% of revenue, with the largest customer contributing 30%. Customers include brands like Samsung, Xiaomi, vivo, Moto, and Honor. During this period, it incurred a loss of RMB 51.776 million, an increase of 10.5%.

Furuiye’s IPO does not include cornerstone investors.

Furuiye Semiconductor’s previous financing round was completed in August 2022, with a valuation of RMB 2.78 billion. Pre-IPO investors include Transsion Holdings (Shanghai: 688036), known as the king of African mobile phones, holding nearly 2%; and Fujian Investment & Development, a provincial state-owned capital investment company, holding 1.1%.

Use of Net Proceeds

46.8%: Establish a new R&D center to enhance the development and technological competitiveness of audio amplifier chips
17.8%: Purchase automated testing equipment, build internal automation testing and verification lines, and hire supply chain management engineers
17.3%: Seek strategic acquisitions and partnerships to strengthen industry integration and solidify position in the audio amplifier chip industry
8.1%: Product marketing and sales
10%: Working capital and general corporate purposes

Source: Furuiye Announcement

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