IPO News | Mega Ease Innovation (603986.SH) Hong Kong Stock IPO Filed by China Securities Regulatory Commission

The Zhitong Finance App learned that on December 9, the International Cooperation Department of the China Securities Regulatory Commission issued the “Notice Concerning the Overseas Issuance and Listing of Zhaoyi Innovation Technology Group Co., Ltd.” GigaYi Innovation (603986.SH) plans to issue no more than 51,796,900 overseas listed common shares and list them on the Hong Kong Stock Exchange.

According to the prospectus, the company is a world-leading multi-chip design company, providing customers with diverse chip products including Flash, niche DRAM, MCU, analog chips and sensor chips, as well as a complete set of systems and solutions including corresponding algorithms and software. The company uses a waferless business model, focusing on integrated circuit design and development to ensure that the company remains technologically advanced. According to Frost & Sullivan's report, in terms of 2024 sales, the company is a market leader in multiple fields, and is the only integrated circuit design company in the world to rank among the top ten in the world in NOR Flash, SLCNAND Flash, niche DRAM, and MCU fields.