New stock news | Fibocom Wireless Inc.'s Hong Kong IPO has been approved by the China Securities Regulatory Commission.

On September 18, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Filing of Shenzhen Fibocom Wireless Inc." The company plans to issue no more than 155,342,200 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. According to the prospectus, Fibocom Wireless Inc. is a leading global provider of wireless communication modules. The company's module products include: (i) data transmission modules, (ii) smart modules, and (iii) AI modules. At the same time, the company provides customized solutions to customers based on its deep understanding of downstream application scenarios, including: (i) edge AI solutions, (ii) Siasun Robot & Automation solutions, and (iii) other solutions. The company's module products and solutions cover a wide range of application scenarios, mainly including: (i) automotive electronics, (ii) smart homes, (iii) consumer electronics, and (iv) smart retail. According to Frost & Sullivan, the company is the world's second largest wireless communication module provider, with a global market share of 15.4% (based on the company's revenue from continuing operations in 2024).