BIWIN Storage Technology

History

2023: IPO conduct

On January 2, 2023, the Chinese company BIWIN Storage Technology Company Limited announced the conduct of the procedure for the primary public issue (IPO) of securities. Shares began trading on the Shanghai Stock Exchange STAR Market.

Founded in 2010, BIWIN focuses on research and development, chip packaging and testing. The company also specializes in selling products based on NAND flash memory, including solid state drives (SSDs), and DRAM RAM modules . BIWIN solutions are mainly used in mobile smart terminals, personal computers, corporate storage, smart automotive systems, industrial devices and mobile drives.

SSD BIWIN held an IPO

During the IPO, BIWIN raised ¥602 million, or approximately $86.34 million. The money will go to further develop the business and strengthen market positions.

To start trading on the Shanghai Stock Exchange is a historic moment for the company. This event will give an additional impetus to our business. The listing is a big step to allow BIWIN to further increase investment in research and development, expand opportunities in advanced chip packaging and testing, and increase competitiveness, "said BIWIN Chairman Sam Sun.

By January 2023, the company has more than 200 R&D technicians in Shenzhen, Chengdu and Hangzhou, as well as outside China. BIWIN works in three main areas: embedded memory, consumer-grade storage devices and drives for industrial use. The company has received more than 150 patents in the PRC and other countries. BIWIN's listing on the Shanghai Stock Exchange is expected to deliver long-term benefits to customers, employees, stakeholders and business partners.^[1]

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