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JunHe Advises Skyverse on its SSE STAR Market IPO

2023.05.19

On May 19, 2023, Skyverse Limited (hereinafter "Skyverse " or the "Company") was successfully listed on the SSE STAR Market (Code: 688361). Skyverse issued 80 million new shares in this A-share IPO at the issuance price of RMB 23.60 per share, raising a total of RMB 1.888 billion.


Established in December 2014, Skyverse is a leading high-end semiconductor quality control equipment company in China. It focuses on the R&D, production and sales of integrated circuit (IC) specialized equipment involving testing and measurement. Its products include unpatented wafer defect detection equipment, patented wafer defect detection equipment, three-dimensional morphology measurement equipment and thickness measurement equipment. The Company's products have been widely used in the production lines of mainstream IC manufacturers in China, such as SMIC, YMTC, Xiamen Silan Microchip, JCET, HT-Tech and Tongfu Microelectronics, breaking the long-term monopoly of international equipment manufacturers in the mainland Chinese market. 


As the legal counsel for the issuer, JunHe provided professional and efficient legal services throughout the entire process of this IPO, including pre-IPO standardized operations, shareholding reform, registration of the state-owned property rights, organization of shareholder penetration verification, and applications for the IPO. JunHe updated the application documents according to the requirements of the comprehensive registration system, and provided effective and efficient responses to the concerns raised by the SSE and the CSRC during their review process, which facilitated the smooth progress of this IPO project. JunHe’s team won unanimous recognition from the Company and the other intermediaries for its consistently efficient and rigorous work style and meticulous and professional service attitude, and escorted the Company into the capital market when the registration-based system for the IPO was successfully implemented on China's stock market.


The lead, responsible and undertaking partners for this project were Mr. WEI, Wei and Mr. HUANG, Wei, and the core partner was Mr. LI, Ruochen.

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.
As the first carbon neutrality fund sponsored by a law firm in China, the BAF Carbon Neutrality Special Fund was jointly established by JunHe and the Beijing Afforestation Foundation (BAF) to promote carbon neutral initiatives, and encourage social collaboration based on the public fundraising platform to mobilize engagement in public welfare campaigns.