GPIXEL
| Register Close | 2026/04/14 IPO Closing in 5 Days |
| Listing Date | 2026/04/17 |
| Register Close | 2026/04/14 IPO Closing in 5 Days |
| Listing Date | 2026/04/17 |
Gpixel Changchun Microelectronics Inc. is a provider of CMOS image sensors (“CIS”). Since its establishment, it has been focusing on the research and development of CIS, offering nine major product series widely applicable to advanced technology fields such as industrial imaging, scientific imaging, professional photography and video, and medical imaging.
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The Group primarily designs and sells CIS for downstream customers in the industrial imaging and scientific imaging sectors and it operate under a fabless model. With respect to industrial imaging applications, the Group’s CIS is used in the inspection process of manufacturing such as detection of alignment error in the manufacturing of lithium battery, while its CIS is used in scientific imaging applications including DNA sequence imaging, confocal microscope and fluorescence camera.
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According to the report, in terms of industrial imaging revenue in 2024, the Group ranked third among global CIS companies, accounting for 15.2% of the global market share. In addition, in terms of scientific imaging revenue in 2024, the Group ranked third among global CIS companies, accounting for 16.3% of the global market share.
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The Group has developed a comprehensive portfolio of standard products, namely its CMOS image sensors, comprising nine major product series with over 50 standard products as of March 19, 2026. The Group’s products are utilized by customers across various industries, including industrial imaging, scientific imaging, professional photography and video, and medical imaging.
| Market | Hong Kong (Main Board) |
| Business Nature | IT Hardware |
| Major Business Area | China |
| Board Lot | 100 |
| No. of Offer Shares | 65.29M H shares |
| No. of International Offer Shares | 58.76M H shares |
| No. of HK Offer Shares | 6.53M H shares |
| Offer Price | $39.88 |
| Stock Code | 3277 |
| Sponsor(s) | CITIC Securities (Hong Kong) Limited, Guotai Junan Capital Limited |
| Underwriter(s) | CLSA Limited, Guotai Junan Securities (Hong Kong) Limited |
| Application Period | Apr 09 (Thu) - noon, Apr 14 (Tue) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Apr 16 (Thu) |
| Result Announcement Date | On or before Apr 16 (Thu) |
| Result Announcement Date | On or before Apr 17 (Fri) |
| Dealings in Shares commence on | Apr 17, 2026. (Fri) |
| Offer Price | $39.88 |
| Capitalization (H Shares) | 11.61B |
| NAV / share ($) | $9.79 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 39.88, the net proceeds raised would be HKD 2.50B, of which |
| 55% : Increasing R&D investments to drive continuous innovation and support product iterations across major application scenarios |
| 21% : Establishing an advanced CMOS image sensor R&D center |
| 4% : Expanding packaging and testing production lines |
| 10% : Enhancing overseas operations through strategic geographic expansion |
| 10% : Working capital |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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