2021.12.28
On December 28, 2021, Primarius Technologies Co., Ltd. ("Primarius" or the "Company"), was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange with the stock code 688206. In this A-share IPO, Primarius issued 43,380,450 new shares at an issue price of RMB 28.28 per share, raising approximately RMB 1,227 million. JunHe acted as counsel for the issuer.
Primarius is the first A-share listed company engaged in Electronic Design Automation (EDA). EDA supports the entire integrated circuit (IC) design and manufacturing process, carries the core technology methodology of ICs and is the uppermost part of the semiconductor industry chain. Due to the key role of EDA tools in the IC industry, the EDA sector is characterized by difficult product validation and a high market threshold. The comprehensiveness, accuracy and quality of Primarius's electronic device modeling tools have been verified and recognized in the sector for a long time and has enabled the Company to win a leading market position in the global arena. The Company's products have been widely used by the world's leading foundries, including nine of the world's top ten foundries such as TSMC, Samsung Electronics, UMC, GeForce and SMIC. In addition, the circuit simulation and verification tools of Primarius are gradually breaking the current sector pattern of high market concentration and have gained competitive advantages in the global memory chip field, with their products being widely used by Samsung Electronics, SK Hynix, Micron Technology and other world-renowned memory chip manufacturers. The Company's semiconductor device characterization test system is widely used by well-known global IC manufacturers and designers, leading universities and professional research institutions; its semiconductor engineering services cover several well-known domestic and international IC companies. The successful A-share listing of Primarius is of great significance to the development of China's IC industry.
JunHe has provided special legal services for the Company since 2019, and participated in the external acquisition, financing and filing of the IPO on the Science and Technology Venture Exchange Board. JunHe’s team assisted Primarius in completing major legal matters such as sorting out and verifying related parties, the sequencing of historical evolutions, sorting out employee share incentives and the reform of the share company. During the regulatory review process, JunHe provided feedback regarding the key concerns of the regulator and held several rounds of meetings with the Exchange on the core issues. The team has won the unanimous approval of the company, investors and other intermediaries for its consistent efficient, rigorous and steady work style and meticulous and professional service attitude.
The lead partner of the project was Mr. WANG, Yi, the responsible partner was Mr. SHANG, Shiming (George) and the approval partner was Mr. LI, Ruochen. Partners Ms. SUN, Xiaojia and Mr. SUN, Jiangang (Roy) provided key support at different stages of the project.
