BASiC Semiconductor Officially Lists on HKEX with about 4812 times Oversubscription ｜Patrons Acts as Joint Bookrunner Joint Lead Manager and Capital Market Intermediary

On the morning of 8 July 2026, BASiC Semiconductor Co., Ltd. (hereinafter referred to as "BASiC Semiconductor"), stock code 9971.HK, officially listed on the Main Board of The Stock Exchange of Hong Kong Limited, with an offer price of HKD 31.62 per share. Patrons Financial Holdings served as a Joint Bookrunner, Joint Lead Manager and Capital Market Intermediary in this offering. Leveraging its exceptional capital market service capabilities, Patrons successfully assisted the enterprise in debuting on the international capital stage.

During the share subscription phase, BASiC Semiconductor attracted enthusiastic subscriptions from the market and global investors, fully demonstrating the market's strong recognition of the company’s "full-spectrum integrated R&D capabilities and silicon carbide (SiC) whole-industry-chain IDM model". The Hong Kong Public Offer was oversubscribed by approximately 4,811.72 times, while the International Placing was oversubscribed by 2.98 times.

• Approximately 60% will be used to expand the production capacity of wafers and modules, as well as to purchase and upgrade production equipment and machinery;

• Approximately 20% will be dedicated to the research and development of new silicon carbide products and technological innovation over the next five years;

• Approximately 10% will be utilised to expand the global distribution network for silicon carbide products over the next five years;

• Approximately 10% will be allocated for working capital and other general corporate purposes.

BASiC Semiconductor possesses prominent competitive advantages in the fields of third-generation semiconductors and specialist technology. According to Frost & Sullivan, in terms of revenue in 2024, BASiC Semiconductor ranked sixth in China's silicon carbide power module market with a market share of 2.9%, ranking third among Chinese companies.

The company is also a rare full-chain silicon carbide IDM enterprise in China, with operations encompassing the entire process of chip design, wafer fabrication, module packaging, and gate driver R&D and testing. Its products have achieved large-scale commercial application in high-growth sectors such as new energy vehicles, photovoltaic and wind power, and energy storage.

Throughout BASiC Semiconductor's journey towards its Hong Kong IPO, the Patrons Financial Holdings team deeply participated as a Joint Bookrunner, Joint Lead Manager and Capital Market Intermediary, executing core stages including international investor roadshows, pricing coordination, and placement execution. 

Armed with profound insights into hard-core technology and supported by an extensive international investor network, Patrons created a one-stop, full-cycle listing solution for BASiC Semiconductor, assisting the enterprise in leveraging Hong Kong's international platform to embark on a new chapter of industrial and brand internationalisation.