On June 14, 2022, Audiowell Electronics (Guangdong) Co., Ltd. (Audiowell with stock code: 832491), was listed on the Beijing Stock Exchange. JunHe acted as Audiowell’s counsel for the IPO. This IPO was carried out by a combination of offerings to qualified investors who had obtained trading permissions from the Beijing Stock Exchange and private placements to strategic investors at RMB 11.00 per share. A total of RMB 344 million was raised prior to the exercise of the over-allotment option.
Audiowell is the first company to file an application in accordance with the IPO rules of the Beijing Stock Exchange. The application was approved after the opening of the Beijing Stock Exchange (excluding those projects which were accepted and then transferred to the Beijing Stock Exchange for further review and approval), and is the highest amount raised among such enterprises.
Established in 1999, Audiowell is a leading provider of position, distance and speed sensor components and sensing solutions with a focus on the research, design, production and sales of sensitive components, sensors and corresponding modular solutions. As a sensor manufacturer and solution provider, Audiowell has the most comprehensive sensor component product line in China. Their ultrasonic sensors, flow sensors, electro-acoustic devices and ultrasonic transducer devices are markets leaders and widely used in a variety of industries and fields including automotive electronics, instruments and meters, intelligent security systems and health appliances.
JunHe provided professional legal services throughout this IPO, including issuing lawyer’s work reports and legal opinions, and assisted in solving complex legal issues and responding to questions from the Beijing Stock Exchange. JunHe’s team was unanimously recognized by the company and the other intermediaries for its efficient and rigorous work style and meticulous and professional service attitude.