On December 5th, Tianyu Semiconductor achieved a significant milestone by officially going public on the main board of the Hong Kong Stock Exchange. The shares were issued at a price of HK$58 each. Following the exercise of the greenshoe option, a total of 34.58 million shares were issued, successfully raising a net sum of approximately HK$1.673 billion. These proceeds are earmarked for several key initiatives, including scaling up production capacity, bolstering research and development (R&D) and innovation capabilities, undertaking strategic investments and acquisitions, and expanding the company's global sales network, among others.
