Breaking News | OnMicro Hosts Listing Ceremony on Shanghai Stock Exchange, Debuts on Sci-Tech Innovation Board
On December 16, Beijing OnMicro Electronics Technology Co., Ltd. (Stock Abbreviation: OnMicro, Stock Code: 688790) successfully made its initial public offering on the Science and Technology Innovation Board, marking a significant milestone in the company's development. The IPO was priced at RMB 83.06 per share, with a total issuance of 24,882,922 newly issued shares, all of which were public common shares.
On its first trading day, the stock demonstrated strong market performance, opening at RMB 240 per share, representing an increase of 188.95% above its offering price, which brought the company's total market capitalization to RMB 23.89 billion.
Qian Yongxue, Chairman of OnMicro, commented: "OnMicro will uphold compliance as the cornerstone, transparency as a core principle, innovation as the driving force, and responsibility as our commitment, while strictly abiding by capital market regulations. We will leverage the capital market's capabilities to sustainably boost R&D investment, broaden our industrial footprint, and enhance core competitiveness. Through steady operations and continuous innovation, we will deliver returns on the trust and support of all investors."
Founded in 2012, OnMicro is an integrated circuit (IC) design firm specializing in the radio frequency (RF) and analog sectors. Accredited as a national-level "Little Giant" enterprise—a title recognizing specialized, sophisticated, and innovative enterprises—it focuses on the R&D, design, and sales of RF front-end chips, RF SoC chips, and other analog chips.
OnMicro's independently developed high-integration products, including 5G L-PAMiD, have been incorporated into the supply chain of flagship models from major mobile phone brands and achieved large-scale mass production. By virtue of its "dual-wheel drive" business model featuring "RF front-end chips + RF SoC chips," the company has steadily strengthened its market competitiveness.
