Axera Semiconductor Co., Ltd. (AXERA SEMICONDUCTOR CO., LTD., 600.HK) has launched its Hong Kong IPO, with the offering period from January 30, 2026, to February 5, 2026. The company plans to globally offer 104,915,200 H-shares, with a 15% over-allotment option. The offer price is set at HKD 28.20 per share, with a minimum lot size of 100 shares, and an entry fee of approximately HKD 2,848.44. The listing is expected to take place on February 10, 2026, on the Main Board of the Hong Kong Stock Exchange. Joint sponsors are China International Capital Corporation Hong Kong Securities Ltd., Guotai Junan Financing Limited, and CCB International (Asia) Limited.

Axera Semiconductor: Global Leader in Mid- to High-End Visual Edge AI Inference Chips

Issue Proportion: Around 10% of the offering (10,491,600 H-shares) will be for Hong Kong public offering (with possible reallocation), and around 90% (94,423,600 H-shares) will be allocated for international placing (subject to possible reallocation and exercise of the over-allotment option).

Issue Price: HKD 28.20 per share, with each lot consisting of 100 shares. The entry fee is approximately HKD 2,848.44.

Offering Period: January 30 – February 5, 2026 (subscription deadline is 11:30 AM on February 5).

Listing Date: February 10, 2026 (Tuesday).

IPO Sponsors: China International Capital Corporation Hong Kong Securities Ltd., Guotai Junan Financing Limited, CCB International (Asia) Limited.

Company Overview

Axera Semiconductor is a leading provider of artificial intelligence inference system chips (SoC), focused on creating high-performance perception and computing platforms for edge computing and AI applications in terminal devices. According to data from Zhoushi Consulting, as of 2024 by shipment volume, the company is the largest global provider of mid- to high-end visual edge AI inference chips and the fifth-largest visual edge AI inference chip supplier globally (with a market share of 6.8%). It ranks third in the Chinese edge AI inference market and second in the domestic smart driving SoC market. The company has independently developed and commercialized five generations of SoC, with a cumulative delivery volume exceeding 165 million units as of September 30, 2025.

Financial Information

According to the prospectus, Axera Semiconductor’s revenue for the years 2022 to 2024 were approximately RMB 50.2 million, RMB 2.3013 billion, and RMB 4.7289 billion, respectively. During the same periods, the company reported net losses of approximately RMB 611.6 million, RMB 743.1 million, and RMB 904.2 million. For the nine months ending September 30, 2025, the company generated revenue of approximately RMB 2.6903 billion, with a net loss of approximately RMB 855.7 million. Assuming the over-allotment option is not exercised, the company expects to raise net proceeds of approximately HKD 2.79 billion. The proceeds are intended to be used as follows: approximately 60% for optimizing the current technology platform and launching new products, 15% for research and development projects for new technologies, 5% for sales expansion, 10% for equity investments or acquisitions, and 10% for working capital.

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This promotion is effective from 5 December 2025 until further notice. Certain high-profile IPOs may be excluded. The actual interest rates and fees charged are those shown in the uSMART App subscription interface; statutory government and exchange levies will still apply. The company reserves the right to amend, suspend or terminate the above offer or its terms and conditions at any time without prior notice, and its interpretation shall be final.

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