First day of new stock | Fibocom Wireless Inc. (00638) debuts on the market with a flat opening in the morning. The company is the world's second-largest provider of wireless communication modules.

Fibocom Wireless Inc. (00638) made its debut on the stock market. The announcement shows that the offering price is HK$21.50 per share, totaling 135 million shares, with a net proceeds of approximately HK$2.811 billion. As of the time of writing, there is no change in the price at HK$21.50, with a trading volume of HK$172 million. According to the prospectus, Fibocom Wireless Inc. is a leading provider of wireless communication modules. The company's module products include data transmission modules, smart modules, and AI modules. At the same time, the company provides customized solutions to customers based on its module products and understanding of downstream application scenarios, including end-side AI solutions, Siasun Robot & Automation solutions, and other solutions. According to Frost & Sullivan, the company is the second-largest wireless communication module provider globally, with a market share of 15.4% (based on the revenue from the company's ongoing operations in 2024). In the global wireless communication module market, the company holds a leading market share in multiple downstream application scenarios. For example, in the smart home and consumer electronics (such as tablets, laptops) sectors, the company has the highest market share globally, especially in the consumer electronics sector, with a market share of up to 75.9%; in the automotive electronics sector, the company ranks second globally, thanks to the surge in demand for high reliability modules in the new energy vehicle market.