BaTelab, a 13 year-old Chinese analogue company based in Suzhou backed by the car manufacturer BYD, raised $52.8 million in an IPO on the Hong Kong stock exchange yesterday.

Later yesterday, the  company’s shares fell below their IPO price.IMG_0182-150x150.jpeg

The money raised will go to R&D, product development and strategic investments.

 

The company had revenues of $45 million in 2022 but revenues fell 26% in H1 2023.

The company’s products include  analogue signal processing chips, PMICs, ADCs, op amps, switching power supplies, linear regulators, charging management, LED drivers, voltage references and clock oscillators.