New stock first day | Suzhou Novosense Microelectronics (02676) debuted on the market with a flat opening in the morning. The company is a provider of analog chips.

Suzhou Novosense Microelectronics (02676) made its debut on the stock market, with an announcement showing a pricing of 116 Hong Kong dollars per share and a total issuance of 19.0684 million shares. The net proceeds amount to approximately 2.096 billion Hong Kong dollars. As of the time of writing, there was no change in price, with the shares trading at 116 Hong Kong dollars and a trading volume of 56.9664 million Hong Kong dollars. According to the prospectus, Suzhou Novosense Microelectronics operates in a fabless model, focusing on chip research and design while outsourcing wafer manufacturing to external wafer fabs, and most of the packaging and testing to third-party packaging and testing service providers. Based on data from Frost & Sullivan, by 2024, the company ranks 14th in all analog chip companies in the Chinese analog chip market (with a market share of 0.9%) and fifth among analog chip companies in China. In order to better serve end customers in various application fields, the company develops products tailored to specific functional requirements of electronic device systems. By combining sensor products, signal chain chips, and power management chips, the company can provide specific solutions to help end customers achieve their desired functions or requirements. With continuous investment in technology research and a deep understanding of market demand, the company's products are widely used in applications such as automotive electronics, renewable energy, consumer electronics, and emerging fields.