By Sherry Qin
Shares of Chinese chip designer Nsing Technologies rose sharply in their Hong Kong trading debut.
The Shenzhen-based semiconductor company's shares rose 16% on Monday to 12.39 Hong Kong dollars. The integrated-circuit designer raised HK$943.9 million in net proceeds, equivalent to US$120.5 million, by issuing 95 million shares at HK$10.80 per share, the top end of its pricing range.
Founded in 2000, Nsing makes control chips for consumer electronics, smart home and automotive electronics. It also produces lithium-ion battery anode material products for power batteries and energy storage.
The company, which is already listed in Shenzhen, aims to utilize the overseas financing platform to enhance its international profile and attract equity investment.
Nsing recorded 958.3 million revenue in the first nine months of 2025, up 17% from the same period last year.
The company plans to use roughly half of its net proceeds on research and development of new control chips.
Write to Sherry Qin at sherry.qin@wsj.com
(END) Dow Jones Newswires
March 22, 2026 22:38 ET (02:38 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments