Gallium nitride leader InnoScience launched its IPO today and is about to be listed on the Hong Kong Stock Exchange.

Jinshi Data News on December 18th, Ennoseco announced on the 18th that it will be listed from December 18, 2024 to December 23, 2024, planning to globally offer 45.364 million H shares, with an offering price of HK$30.86 to HK$33.66 per share. It is expected that the shares will be listed on December 30, 2024. The prospectus shows that based on gallium nitride discrete devices: as of June 30, 2024, the company’s cumulative shipments of gallium nitride discrete devices exceeded 850 million units; at the same time, according to Frost & Sullivan data, in terms of revenue, as of the end of 2023, the company’s market share reached 33.7%, ranking first among global gallium nitride power semiconductor companies.