China Chip Designer Black Sesame Technologies IPO on Hong Kong Exchange with Share Price Decreasing -27% on Day 1 Trading from IPO Price of HKD 28 to HKD 20.45 at $1.5 Billion Market Value, Raised $133 Million in Hong Kong IPO at $2 Billion Valuation
8th August 2024 | Hong Kong
China chip designer Black Sesame Technologies has IPO on Hong Kong Exchange with share decreasing -27% on day 1 trading from IPO price of HKD 28 to HKD 20.45 at $1.5 billion market value (8/8/24), raising $133 million in the Hong Kong IPO at $2 billion valuation (HKD 15.94 billion). The IPO listing is under Hong Kong Exchange Chapter 18C, which allows for companies with at least HKD 10 billion market value & no revenue, or companies with at least HKD 6 billion & at least HKD 250 million revenue to IPO (Chapter 18C Specialist Technology Companies). Black Sesame was founded in 2016 by Johnson Shan. Profile – Black Sesame Technologies is a leading automotive-grade computing SoC and SoC-based intelligent vehicle solution provider. The company started with the Huashan Series high-computing power SoCs for autonomous driving and recently introduced the Wudang Series cross-domain SoCs to address more diverse and sophisticated demands for advanced functionalities of intelligent vehicles. Black Sesame Technologies proprietary automotive-grade products and technologies empower intelligent vehicles with mission-critical capabilities, such as autonomous driving, smart cockpit, advanced imaging and interconnection. The company offer full-stack autonomous driving capabilities to meet broad customer needs through SoCs and SoC-based solutions, powered by in-house developed IP cores, algorithms and support software.
“ China Chip Designer Black Sesame Technologies IPO on Hong Kong Exchange with Share Price Decreasing -27% on Day 1 Trading from IPO Price of HKD 28 to HKD 20.45 at $1.5 Billion Market Value, Raised $133 Million in Hong Kong IPO at $2 Billion Valuation “
China Chip Designer Black Sesame Technologies Raised $133 Million in Hong Kong IPO at $2 Billion Valuation With Share Priced at HKD 28 Per Share, Listing under Hong Kong Exchange Chapter 18C Which Allows for Companies with at Least HKD 10 Billion Market Value & No Revenue or Companies with HKD 6 Billion & at Least HKD 250 Million Revenue to IPO, Founded in 2016 by Johnson Shan
6th August 2024 – China chip designer Black Sesame Technologies has raised $133 million in the upcoming Hong Kong IPO at $2 billion valuation (HKD 15.94 billion), with share priced at HKD 28 per share. The IPO listing is under Hong Kong Exchange Chapter 18C, which allows for companies with at least HKD 10 billion market value & no revenue, or companies with at least HKD 6 billion & at least HKD 250 million revenue to IPO (Chapter 18C Specialist Technology Companies). Black Sesame was founded in 2016 by Johnson Shan. Profile – Black Sesame Technologies is a leading automotive-grade computing SoC and SoC-based intelligent vehicle solution provider. The company started with the Huashan Series high-computing power SoCs for autonomous driving and recently introduced the Wudang Series cross-domain SoCs to address more diverse and sophisticated demands for advanced functionalities of intelligent vehicles. Black Sesame Technologies proprietary automotive-grade products and technologies empower intelligent vehicles with mission-critical capabilities, such as autonomous driving, smart cockpit, advanced imaging and interconnection. The company offer full-stack autonomous driving capabilities to meet broad customer needs through SoCs and SoC-based solutions, powered by in-house developed IP cores, algorithms and support software.
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