傅里葉 03625Prospectus Information

Prospectus Information
返回 Stock Info Prospectus Allotment Results Allotment Profile Expected Lots
IPO Timeline
Broker Deadline
2026-03-26
Morning deadline
HKEX Deadline
2026-03-26
Noon deadline
Broker Results (T-2)
2026-03-27
Some brokers release in afternoon
Grey Market (T-1)
2026-03-30
Afternoon
HKEX Allotment (T-1)
2026-03-30
Evening
Registrar Allotment (T-1)
2026-03-30
Evening
Listing Day (T)
2026-03-31
First day of trading
Company Overview
Stock Name傅里葉
Stock Code03625
Company Full Name傅里葉
IndustryRobotics
Principal Activitiesprovider of power amplifier audio chips and haptic drivers in China
Listing Date2026-03-31
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules ChapterChapter 18C
Weighted Voting Rights (WVR)No
Registered Address (Mainland China)Principal Place of Business in Hong 46/F, Hopewell Centre Kong 183 Queen’s Road East Wan Chai, Hong Kong
Business Address (Hong Kong)香港灣仔皇后大道東183號合和中心46樓
Place of IncorporationTo be extracted
Listing MethodTo be extracted
Listing BoardMain Board
Websitefoursemi.com
Share Registrar卓佳证券登记有限公司 (Tricor Investor Services Limited)
Registrar ContactComputershare Hong Kong Investor Services
A-Share/US Dual ListingNo
Offering Information
Offering Mechanism 18C特专科技
Offer PriceHK$ 40.00 / shares
Offer Price RangeFinal offer price only, no range
Lot Size100 shares
Entry ThresholdHK$ 4,000
Par ValueRMB 1.0 / shares
Offer Period2026-03-23 to 2026-03-26
Global Offering Shares12,000,000 shares
HK Public Offer Shares (Initial)600,000 shares (5.0%)
Public Offer Lots (Initial)6,000lots (3,000lots, 3,000lots)
International Placing Shares (Initial)11,400,000 shares (95.0%)
Offer Ratio~5.0%
Total Shares Post-IPO112,000,000 shares
Greenshoe (Over-allotment Option)Yes
Stabilizing Manager (Greenshoe)To be extracted
Cornerstone Share0%
Clawback Tiers18C回拨：<10倍→酌情增至10%，10倍至<50倍→10%，≥50倍→20%
Reallocation OptionNo
Total Global Offering SizeHK$ 480,000,000
Subscription Tiers

Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.

Pool A
Lots SubscribedShares SubscribedSubscription Amount (HKD)
1 lots 100 HK$ 4,000
2 lots 200 HK$ 8,000
3 lots 300 HK$ 12,000
4 lots 400 HK$ 16,000
5 lots 500 HK$ 20,000
6 lots 600 HK$ 24,000
7 lots 700 HK$ 28,000
8 lots 800 HK$ 32,000
9 lots 900 HK$ 36,000
10 lots 1,000 HK$ 40,000
15 lots 1,500 HK$ 60,000
20 lots 2,000 HK$ 80,000
25 lots 2,500 HK$ 100,000
30 lots 3,000 HK$ 120,000
35 lots 3,500 HK$ 140,000
40 lots 4,000 HK$ 160,000
45 lots 4,500 HK$ 180,000
50 lots 5,000 HK$ 200,000
60 lots 6,000 HK$ 240,000
70 lots 7,000 HK$ 280,000
80 lots 8,000 HK$ 320,000
90 lots 9,000 HK$ 360,000
100 lots 10,000 HK$ 400,000
200 lots 20,000 HK$ 800,000
300 lots 30,000 HK$ 1,200,000
400 lots 40,000 HK$ 1,600,000
500 lots 50,000 HK$ 2,000,000
600 lots 60,000 HK$ 2,400,000
700 lots 70,000 HK$ 2,800,000
800 lots 80,000 HK$ 3,200,000
900 lots 90,000 HK$ 3,600,000
1,000 lots 100,000 HK$ 4,000,000
1,250 lots 125,000 HK$ 5,000,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
1,500 lots 150,000 HK$ 6,000,000
1,750 lots 175,000 HK$ 7,000,000
2,000 lots 200,000 HK$ 8,000,000
2,250 lots 225,000 HK$ 9,000,000
2,500 lots 250,000 HK$ 10,000,000
2,750 lots 275,000 HK$ 11,000,000
3,000 lots 300,000 HK$ 12,000,000
Valuation & Financials
Market Cap (at Offer Price)HK$ 4,480,000,000
Pre-IPO Valuation (Last Round)To be extracted
P/E Ratio不适用（公司处于亏损状态）
Profit/Loss StatusNet loss RMB65.9 million
Period-End Cash Balance人民币182,900,000元
Listing ExpensesTo be extracted
Listing Expenses / Funds RaisedTo be extracted
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseHK$ 80.0
First Day OpenHK$ 85.05
First Day Change100.00%
First Day Volume4894400.0
First Day Turnover400734000.0
Use of Proceeds
Use of Proceeds1、約46.8%或224.6百萬港元，將于未來五年用于建立一個新的研發中心； 2、約17.8%或85.5百萬港元用于采購自動化測試設備及建設內部自動化測試驗證線以及招聘供應鏈管理工程師； 3、約17.3%或83.3百萬港元用于尋求策略性收購及合作； 4、約8.1%或38.9百萬港元用于產品的營銷及銷售； 5、約10.0%或48.0百萬港元將用作營運資金及其他一般企業用途。
Underwriting Syndicate
Joint Sponsors (2)
国泰君安融资有限公司 CE AGS488 东方融资（香港）有限公司 CE BDN128
Overall Coordinators (2)
国泰君安证券（香港）有限公司 CE ABY236 东方证券（香港）有限公司 CE AVD362
Joint Global Coordinators (2)
国泰君安证券（香港）有限公司 CE ABY236 东方证券（香港）有限公司 CE AVD362
Joint Bookrunners (11)
国泰君安证券（香港）有限公司 CE ABY236 东方证券（香港）有限公司 CE AVD362 建银国际金融有限公司 CE AJO225 农银国际融资有限公司 CE AWL249 富途证券国际（香港）有限公司 CE AZT137 黄河证券有限公司 CE BIX927 申万宏源证券（香港）有限公司 CE AAC927 利弗莫尔证券有限公司 CE BJN764 华福国际证券有限公司 CE BQC241 元宇宙（国际）证券有限公司 CE BIL855 浙商国际金融控股有限公司 CE BGD825
Joint Lead Managers (3)
国泰君安证券（香港）有限公司 CE ABY236 东方证券（香港）有限公司 CE AVD362 农银国际证券有限公司 CE ACX411
Capital Market Intermediaries (12)
国泰君安证券（香港）有限公司 CE ABY236 东方证券（香港）有限公司 CE AVD362 建银国际金融有限公司 CE AJO225 农银国际融资有限公司 CE AWL249 农银国际证券有限公司 CE ACX411 富途证券国际（香港）有限公司 CE AZT137 黄河证券有限公司 CE BIX927 申万宏源证券（香港）有限公司 CE AAC927 利弗莫尔证券有限公司 CE BJN764 华福国际证券有限公司 CE BQC241 元宇宙（国际）证券有限公司 CE BIL855 浙商国际金融控股有限公司 CE BGD825
Service Providers
RoleInstitution
Legal Advisor to Company 贝克 • 麦坚时律师事务所
通商律师事务所
Commerce & Finance Law Offices LLP
方达律师事务所
Legal Advisor to Sponsors/Underwriters 竞天公诚律师事务所有限法律责任合伙
竞天公诚律师事务所
Auditor and Reporting Accountant 安永会计师事务所
Industry Advisor 弗若斯特沙利文（北京）咨询有限公司上海分公司
Receiving Banks 中国工商银行（亚洲）有限公司
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
ChairmanMr. Xu Xiaolin
Company SecretaryMr. Gao Wenchao
No director data available.
Major Shareholders
Major Shareholders & HoldingsSUBSTANTIAL SHAREHOLDERS To the best of our Directors’ knowledge and information, the following persons will, immediately following the completion of the Global Offering and the Conversion of Domestic Shares into H Shares, have interests or short positions in our Shares or
AI AI Analysis
!
The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.

Market Sentiment

The IPO for 傅里叶 garnered an extreme oversubscription of over 3,100x, signaling intense market enthusiasm for this semiconductor specialist technology listing. However, the recorded overall hit rate of 0.0% appears anomalous and likely reflects incomplete allocation data rather than actual outcomes. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A notable tier anomaly exists where 甲尾 applicants (applying 100,000 lots) expected 0.23 lots, while 乙头 applicants (applying 125,000 lots) expected 0.43 lots, meaning the highest A-tier actually receives fewer shares per lot than the lowest B-tier. This unusual inversion suggests that the B-tier pool may have a more favorable allocation ratio under the 18C clawback and reallocation mechanism. (This is AI-generated commentary based on historical data. Broker fee structures vary and actual costs may differ. Past patterns do not guarantee future outcomes. Not financial advice.)

Demographics

Demographic data for this IPO is not available, with zero recorded holders and no breakdowns for Mainland China or Hong Kong participation. Without this information, typical patterns such as high Mainland investor interest in semiconductor names cannot be assessed. (This is AI-generated commentary based on historical data. Data may contain errors or omissions; verify against official HKEX filings. Not financial advice.)

AI-generated content. For informational purposes only. Not financial advice. Verify against official sources.
Offering Structure
Subscription Tiers
IPO Timeline
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