SICC Co Ltd (Ticker: 2631 HK) is a China-based company specializing in wide bandgap semiconductor materials, particularly silicon carbide (SiC) substrates. SICC plans to list its H shares on the Hong Kong Stock Exchange on August 20, 2025, offering 47.75 million shares at an expected price of HKD 42.80 per share, targeting to raise HKD 2.04 billion (approximately USD 260 million). The offering consists entirely of primary shares, with a 15% greenshoe option. SICC is already listed in Mainland China under the ticker 688234 CH. According to sources, proceeds from the IPO will reportedly support the company's ongoing expansion, R&D initiatives, and working capital needs. The IPO is jointly managed by ABCI Capital, BOCI Asia, CCB International, CLSA, CMB International, and others. Founded in 2010, SICC is among the top three global SiC substrate manufacturers, serving key sectors such as electric vehicles, AI, and renewable energy.