Innoscience plans to IPO in Hong Kong this year, intends to raise US$300 million

It is reported that Innoscience plans to conduct an initial public offering (IPO) in Hong Kong this year, and is expected to raise about US$300 million. Innoscience was founded in December 2015 and focuses on the research and development and manufacturing of third-generation semiconductor silicon-based gallium nitride. The company adopts the IDM full industry chain model. Innoscience has two 8-inch silicon-based gallium nitride production bases in Zhuhai and Suzhou, with a monthly production capacity of 15,000 pieces, and plans to gradually expand to more than 70,000 pieces per month. Innoscience has completed its E round of financing, with a post-investment valuation of 23.5 billion yuan, successfully joining the ranks of super unicorns.