Recently, the Shenzhen Stock Exchange has accepted the Initial Public Offering (IPO) application filed by Shanghai Gigafound Electronics for listing on the Growth Enterprise Market (GEM), with Everbright Securities acting as the sponsor. Gigafound Electronics specializes in providing semiconductor testing services and hardware products. The company plans to raise 923.7488 million yuan through this IPO. The funds will be allocated to various projects, including the establishment of the Pudong Technology Center, the development of vehicle-grade highly reliable mass production testing services, engineering technology research and development for a chip pilot platform, and the replenishment of working capital.
