02726 瀚天天成
EPIWORLD
EPIWORLD
| Register Close | 2026/03/25 IPO Closing in 5 Days |
| Listing Date | 2026/03/30 |
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IPO Detail
COMPANY PROFILE
Epiworld International Co. is a global leader in the silicon carbide (SiC) epitaxy industry. The Group has been primarily engaged in the research and development, mass production and sales of SiC epitaxial wafers, components used in the manufacturing of SiC semiconductor devices.
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The Group’s customers utilize its SiC epitaxial wafers to manufacture their power devices for a wide range of downstream applications like EVs, charging infrastructure, renewable energy, ESS and etc. According to the report, since 2023, the Group has been the world’s largest SiC epitaxial foundry by annual sales volume, with a market share exceeding 30% in 2024.
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The Group was the first in the world to achieve large-scale commercial supply of 8-inch SiC epitaxial wafers and the first in China to commercialize and mass-produce 3-inch, 4-inch, 6-inch, and 8-inch SiC epitaxial wafers. The Group led the writing and establishment of the world’s first and only Semiconductor Equipment and Materials International (SEMI) industry standard for SiC epitaxy.
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The Group has delivered a total of over 599,700 SiC epitaxial wafers. It had 134 customers, its customers included four of the world’s top five SiC power device providers and seven of the top ten power device providers.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Semiconductors |
| Major Business Area | Asia Pacific |
| Board Lot | 50 |
GLOBAL OFFERING
| No. of Offer Shares | 21.49M H shares |
| No. of International Offer Shares | 19.34M H shares |
| No. of HK Offer Shares | 2.15M H shares |
| Offer Price | $76.26 |
| Stock Code | 2726 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, ICBC International Securities Limited, Orient Securities (Hong Kong) Limited, ABCI Securities Company Limited, China Sunrise Securities (International) Limited, Futu Securities International (Hong Kong) Limited, CCB International Capital Limited, Daokou Securities Limited, China Industrial Securities International Capital Limited, Fuze Securities (International) Limited, Kingston Securities Limited, Yuen Meta (International) Securities Limited |
TIME TABLE
| Application Period | Mar 20 (Fri) - noon, Mar 25 (Wed) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Mar 27 (Fri) |
| Result Announcement Date | On or before Mar 27 (Fri) |
| Result Announcement Date | On or before Mar 30 (Mon) |
| Dealings in Shares commence on | Mar 30, 2026. (Mon) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $76.26 |
| Capitalization | 32.46B |
| NAV / share ($) | $11.37 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 76.26, the net proceeds raised would be HKD 1.56B, of which |
| 71% : Production capacity of the SiC epitaxial wafers |
| 19% : R&D of SiC epitaxial wafers to enhance technical capabilities and solidify technical advantages |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).