Huawei’s venture capital arm Hubble Technologies is in line for an exit less than nine months after it invested in fabless semiconductor maker 3Peak.
3Peak, a China-based fabless semiconductor manufacturer backed by telecommunications equipment producer Huawei, is targeting RMB2.31bn ($339m) in its initial public offering, DealStreetAsia reported today.
The company will issue 20 million shares on the Shanghai Stock Exchange’s Star Market priced at $16.93 each.
Founded in 2012, 3Peak produces chips such as audio line drivers – which connect a music system to amplified speakers – for consumer applications such as television set top boxes.
The company also manufactures integrated circuit products for…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
