On the first day of trading, BATELAB made its debut on the stock market with an opening price that was 8.81% lower in the morning session.
BATELAB, the first listing of its kind, announced that the company issued approximately 15 million shares at a price of HKD 27.47 per share, with a net proceeds of approximately HKD 351 million. As of the time of writing, the stock has dropped by 8.81% to HKD 25.05, with a trading volume of HKD 4.7357 million. It is reported that BATELAB is one of the leading providers of simulation IC pattern wafers in China. The company's deliverable products are simulation IC pattern wafers that come with complete circuits, and downstream customers can choose to package and test them through standard processes or use the packaging and testing solutions provided by the company to produce individual IC chips. According to Frost & Sullivan data based on 2022 revenue, BATELAB is the largest provider of simulation IC pattern wafers in China, with a market share of 1.7% of the total market size in China (RMB 21.3 billion). BATELAB's products have been applied in various fields such as automotive electronics, medical, industrial automation, industrial IoT, industrial lighting, instrumentation, communication, power, energy storage, and consumer electronics. The company has provided services to well-known brand manufacturers and industry-leading chip design companies, among many other downstream customers.
Zhitong App learned that BATELAB (02149) has made its debut on the stock market. According to the announcement, the company issued approximately 15 million shares at a price of HKD 27.47 per share, with a minimum trading unit of 100 shares. The net proceeds from the offering amounted to approximately HKD 351 million. As of the time of writing, the stock has dropped by 8.81% to HKD 25.05, with a trading volume of HKD 4.7357 million.
It is reported that BATELAB is one of the leading providers of simulation IC pattern wafers in China. The company's products can be delivered as simulation IC pattern wafers with complete circuits, and downstream customers can choose to package and test them through standard and convenient methods, or use the packaging and testing solutions provided by the company to produce individual IC chips.
According to Frost & Sullivan data, based on 2022 revenue, BATELAB is the largest provider of simulation IC pattern wafers in China, with a market share of 1.7% of the total market size in China (RMB 21.3 billion). BATELAB's products have been applied in various fields, including automotive electronics, medical, industrial automation, industrial IoT, industrial lighting, instrumentation, communications, power, energy storage, and consumer electronics. The company has provided services to well-known brand manufacturers and industry-leading chip design companies, among many other downstream customers.