On November 26, Onray Micro (688790.SH) unveiled its prospectus, marking the official commencement of its Initial Public Offering (IPO) on the STAR Market. The firm intends to issue 24.8829 million shares to the public, with the objective of raising 2.067 billion yuan. The funds will be allocated to projects encompassing the development of 5G RF front-end chips and modules, research and development (R&D) of RF SoC chips, along with the establishment of its headquarters base and R&D center.
