SMIC may become the first red chip company to return to A.

Learned that on June 1, the Shanghai Stock Exchange has accepted the application for the listing of science and technology board of SMIC Integrated Circuit Manufacturing Co., Ltd. (abbreviation: SMIC, 00981.HK) The amount of financing is 20 billion yuan.

Prospectus shows that SMIC ’s initial number of shares issued this time does not exceed 1.686 billion shares, does not involve shareholders ’public offering of shares, and does not exceed the total number of shares after the initial issuance. 25.00%.

In addition, the over-allotment option can be used for this offering, and the number of shares issued using the over-allocation option does not exceed 15.00% of the initial number of issued shares. Haitong Securities and CICC are joint sponsors and underwriters of SMIC’s IPO.

SMIC plans to use approximately 40% of the funds raised for the 12-inch chip SN1 project and approximately 20% for the company ’s advanced and mature process R & D About 40% of the project’s reserve funds are used as supplementary working capital.

Prospectus shows that SMIC is an integrated circuit wafer foundry company in mainland China, mainly providing customers with a variety of technology nodes ranging from 0.35 microns to 14 nanometers, different Integrated circuit wafer foundry and supporting services of the process platform.

According to the 2018 global market sales ranking of pure wafer foundry industry announced by IC Insights, SMIC ranks fourth in the world among Chinese mainland enterprises Number one.

As a red chip company that was listed in the United States and Hong Kong at the same time and then delisted from the United States, SMIC can sprint the science and technology board this time, which is related to The reform of the system.

On April 30, the China Securities Regulatory Commission issued the “Announcement on Innovative Pilot Red Chip Enterprises’ Listing Arrangements in China”, which lowered the return of listed red chip companies to A shares. threshold. SMIC is in line with “the market value of overseas listed red-chip companies is more than 20 billion yuan, and has independent research and development, international leading technology