CICC Assists Huafeng Test & Control in Listing on SSE STAR Market
Beijing Huafeng Test &Control Technology Co., Ltd. (“ACCOTEST”, or the “Company”, Stock Code: 688200) was successfully listed on SSE STAR Market on February 18, 2020, which marked the largest A-share IPO in the semiconductor equipment sector. China International Capital Corporation Limited (“CICC”) acted as the Sole Sponsor and Sole Lead Underwriter in the deal.
ACCOTEST mainly engages in R&D, production and sales of semiconductor automated test equipment. The Company's products are mainly applied for testing analog and mixed-signal integrated circuits and sold in mainland China, Taiwan, US, Europe, Japan, South Korea and other countries and regions with the developed semiconductor industry. The Company has developed multiple generations of automatic test system platforms and China’s first mass-produced automatic test equipment with floating V/I source; proposed the concept of "CROSS" platform; and earned widespread recognition by well-known customers at home and abroad for its analog and mixed-signal test systems. Now, the Company has become China’s largest semiconductor test system local supplier, and also one of few Chinese semiconductor equipment manufacturers joining the supplier system for the global semiconductor assembly and test service market.
CICC as Sole Sponsor and Lead Underwriter took full charge of all work streams and closely controlled the progress of the deal execution, and is highly recognized by the Company for our efficient execution and team collaboration. During the process of regulatory review and approval, CICC provided high quality and comprehensive investment banking services, assisted the Company with regulatory communications, accurately identities the regulatory concerns and resolved multiple difficulties for the Company. At stage of offering, CICC deeply tapped into the Issuer’s investment highlights and equity story, coordinated all parties to minimize adverse impact on marketing due to the 2019-nCoV outbreak and successfully completed pricing and offering against the backdrop of severe market volatility.
Since the official launch of Star market and the system of stock issuance registration system last November, CICC, with its rich experience in capital market and deep understanding and coverage of the innovation and technology industry, has so far successfully assisted 11 companies to list on the SSE Star market, leads the market share with ranking 1st in term of the number of IPO deals. In the future, CICC will further play the leading edge, serve the national strategy, and boost the real economy.