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Intchains Group Priced, Nasdaq: ICG

China-based fabless designer of ASIC chips for blockchain applications.

Industry: Technology

Latest Trade: $4.31 +0.18 (+4.2%)

First Day Return: 0.0%

Return from IPO: -48.4%

Industry: Technology

We are a provider of integrated solutions consisting of high-performance ASIC chips and ancillary software and hardware for blockchain applications. We utilize a fabless business model and specialize in the front-end and back-end of IC design, which are the major components of the IC product development chain. We have established strong supply chain management with a leading foundry, which helps to ensure our product quality and stable production output. Our products consist of high-performance ASIC chips that have high computing power and superior power efficiency as well as ancillary software and hardware, which cater to the evolving needs of the blockchain industry. We have built a proprietary technology platform named “Xihe” Platform, which allows us to develop a wide range of ASIC chips with high efficiency and scalability. We design our ASIC chips in-house, which enables us to leverage proprietary silicon data to deliver products reflecting the latest technological developments ahead of our competitors. As of December 31, 2021, we had completed a total of seven tape-outs using our “Xihe” Platform for 22nm ASIC chips, achieving a 100% success rate for all our tape-outs.
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IPO Data
IPO File Date 06/22/2022
Offer Price $8.00
Price Range $7.00 - $9.00
Offer Shares (mm) 1.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/15/2023
Offer Price $8.00
Price Range $7.00 - $9.00
Offer Shares (mm) 1.0
Deal Size ($mm) $8
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Company Data
Headquarters Shanghai, China
Founded 2017
Employees at IPO 94
Website www.intchains.com

Intchains Group (ICG) Performance