New Stock IPO | Fourier Begins Subscription Today, Entry Fee Yuan

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New Stock IPO | Fourier Begins Subscription Today, Entry Fee 5050 Yuan

SighingCashier · 2026-03-23T00:35:26+00:00

Fourier (03625) will conduct share subscription from today until March 26, offering 12 million H shares at a price per share between HK$40 and HK$50, raising a maximum of HK$600 million. The proceeds will be used for research and development center construction, automated equipment procurement, strategic acquisitions, and product marketing. The shares are expected to be listed on March 31.

SighingCashier

2026-03-23 00:35:26

Abstract generation in progress

Fourier (03625), a Chinese supplier of power amplifier audio chips and haptic feedback chips, will conduct an IPO from today until Thursday (March 26), offering 12 million H shares. The Hong Kong public offering accounts for 5%, with the rest allocated to international placement. The offer price ranges from HKD 40 to HKD 50 per share, raising up to HKD 600 million.

A board lot of 100 shares costs HKD 5,050.43.

The company plans to use approximately 46.8% of the net proceeds to establish a new R&D center to enhance its power amplifier audio chip development capabilities and technological competitiveness; about 17.8% to purchase automated testing equipment, build internal automated testing and verification lines, and hire supply chain management engineers; around 17.3% for strategic acquisitions and collaborations to strengthen industry integration and solidify its position in the power amplifier audio chip industry; approximately 8.1% for product marketing and sales; and about 10% for operating capital and other general corporate purposes.

Shares are expected to list on March 31. Joint sponsors include Guotai Haitong and Oriental Securities.

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