Clifford Chance advises on ESWIN Computing’s Hong Kong IPO and listing

Global law firm Clifford Chance has advised the joint sponsors, CITIC Securities and China Securities International, and the underwriters on the Hong Kong initial public offering and listing of Beijing ESWIN Computing Technology Co., Ltd. (ESWIN Computing) on the Main Board of The Stock Exchange of Hong Kong, raising approximately HK$2.51 billion (approximately US$320 million).

ESWIN Computing is a China-based semiconductor company focused on RISC-V, a next-generation computing architecture characterised by its open, modular, scalable and power-efficient design. Operating under a fabless business model, the company develops semiconductor products and software solutions for smart devices, automotive, robotics and industrial applications.

Chair of China Practice Tim Wang said, “It’s an exciting time for the semiconductor sector, as advances in computing, artificial intelligence and connected technologies continue to drive innovation and investment. Companies like ESWIN Computing are helping to shape the next generation of computing, and their success reflects the growing value investors place on proprietary technology, strong ecosystems and long-term innovation.”

Tim co-led the transaction with Virginia Lee, Fang Liu and Claire Cao, with support from Haoze Zheng, Yuanyuan Cai, Freeda Li, Yuqing Liu, Yuanyang Li*, Julie Luo, Zhongxiao Cong, Qianqian Bai, Lihao Ma, Andy Jiang and Wen Wang.

Clifford Chance has advised on a number of landmark listings in China’s semiconductor and technology sectors, including Nexchip, Axera, Montage Technology, GigaDevice and InnoScience.

* From Shanghai He Ping Law Firm. Clifford Chance LLP and Shanghai He Ping Law Firm have established a Joint Operation in the China (Shanghai) Pilot Free Trade Zone under the name Clifford Chance LLP and Shanghai He Ping Law Firm (FTZ) Joint Operation Office with the approval of the Shanghai Bureau of Justice.