OmniVision Integrated Circuits Group, Inc. (00501) launched its IPO from December 31st to January 7th, with cornerstone investors subscribing to approximately $279 million in shares.

OmniVision Integrated Circuits Group, Inc. (00501) launched its IPO from December 31, 2025 to January 7, 2026. The company plans to globally issue 45.8 million H shares, with 10% of shares sold in Hong Kong and 90% internationally, with an additional 15% over-allotment option. The offering price per share is HK$104.8, and H shares will be traded in board lots of 100 shares on the Stock Exchange of Hong Kong starting on January 12, 2026. We are a global fabless semiconductor design company, with CMOS image sensors (CIS) being our main product. We are known for our proprietary technology, diverse product and solution portfolio, flexible fabless business model, extensive customer network, and supply chain ecosystem. Currently, we mainly operate in three major business lines: image sensor solutions, display solutions, and analog solutions. We are continuously expanding our product and solution categories to serve high-growth industries such as smartphones, automotive, medical, security, and emerging markets (machine vision, smart glasses, and edge AI). With a comprehensive product portfolio and strong design capabilities, we are able to design, develop, and sell highly integrated semiconductor solutions tailored for critical mission applications across various industries. Notably, based on data from Frost & Sullivan, as of 2024, we are the world's third-largest digital image sensor supplier by revenue, with a market share of 13.7%. Our technological expertise and ability to provide reliable services have helped us build brand recognition and gain solid market acceptance globally. Our revenue grew from RMB 20 billion in 2022 to RMB 21 billion in 2023, and further increased by 22.5% to RMB 25.7 billion in 2024. Our revenue increased by 15.3% from RMB 12.1 billion in the six months ended June 30, 2024, to RMB 13.9 billion in the six months ended June 30, 2025. We have entered into cornerstone investment agreements with Wildlife Willow Limited, UBS AM Singapore, FOL, Huqin Communication Hong Kong Limited, Tianjin Trading Limited, Pudong Science and Technology (Cayman) Co., Ltd., JSC International Investment Fund SPC, Ghisallo Fund Master Ltd, Dajia Life Insurance, and China Post Wealth Management Co., Ltd. The cornerstone investors have agreed to subscribe for or prompt designated entities to subscribe for approximately USD 279 million worth of shares at the offering price subject to certain conditions. We believe the cornerstone placement demonstrates the confidence of our cornerstone investors in the company and its business prospects, and will help enhance the company's visibility. The company has introduced various cornerstone investors through its business network, business partners, or the global coordinator in the global offering process. Assuming a maximum offering price of HK$104.80 per H share and the over-allotment option not being exercised, we estimate that we will receive net proceeds of approximately HK$4.693 billion from the global offering. Around 70% of the proceeds will be used for investing in key technology research and development to maintain our leading position in advanced sensing technology, advanced display technology, and analog solutions over the next five to ten years; around 10% will be used for strengthening global market penetration and business expansion; around 10% will be allocated for strategic investments and/or acquisitions, focusing on opportunities that can generate synergies with our existing product portfolio, enhance our design capabilities, process technology, and supply chain capabilities, and support investment and acquisition opportunities for horizontal expansion in emerging areas such as motion cameras in China, Japan, and South Korea, and Siasun Robot & Automation; around 10% will be used for working capital and general corporate purposes.