(PCB UNION)—At 9:30 am (Beijing time) today, Suzhou Convert Semiconductor Co., Ltd. is officially listed on the STAR Market(a fundraising channel for innovative technology companies in China) of the Shanghai Stock Exchange, with the stock code 688693.

The company makes an initial public offering (IPO) of 18,421,053 shares, resulting in a total share capital of 73,684,211 shares. The issue price for each share is 40.83 yuan, and the price-earnings ratio is 60.69 times. The IPO aims to raise a total of 752.1316 million yuan.

Upon its debut, Convert's opening price is 80 yuan, representing a significant increase of 101.078%, and the turnover is 740,000 shares.

About Suzhou Convert Semiconductor Co., Ltd.

Suzhou Convert Semiconductor Co., Ltd., located in Zhangjiagang, China, engages in the design, development, and sale of intelligent power devices and power-integrated chips.

The company has more than 70 patents, and its products are widely used in the fields of smart home appliances, industrial control, smart grid, and new energy vehicles.

At present, It has formed eight product series, including high voltage, high-reliability power MOSFET, FRD integrated high voltage MOSFET, SiC SBD, SiC MOSFET, photo MOS, photo triac, IGBT, IPM power module, etc. The products have been used and recognized by more than 100 domestic customers.

Click here for more IPO news on the PCB and semiconductor industry