BRIEF: OmniVision launches $600 million Hong Kong IPO
CMOS image sensor maker OmniVision Integrated Circuits Group Inc. (0501.HK) launched its Hong Kong IPO on Thursday, aiming to raise about HK$4.7 billion ($604 million) by selling 45.8 million shares for HK$104.80 each. Applications will be accepted through Jan. 7, with a trading debut set for Jan. 12, according to its stock exchange filing.
The company plans to use the majority of the proceeds, about 70%, for product development over the next five to 10 years. The remainder will be used for sales and marketing, strategic investments and acquisitions, and for general working capital.
OmniVision designs and sells sensors used in smartphones, cars, medical devices and other electronics, with third-party fabs manufacturing its products. The company’s revenue rose 15% year-on-year in the first half of 2025 to 13.9 billion yuan ($2 billion) from 12.1 billion yuan a year earlier. Its profit over that time rose to 2.03 billion yuan from 1.37 billion yuan.
By Doug Young
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