EpiWorld International Co Ltd (Ticker: 2726 HK) is a China-domiciled semiconductor company specializing in silicon carbide (SiC) epitaxial wafers. These wafers are advanced substrates layered with high-purity crystalline film, enabling power electronics to operate at higher voltages and temperatures than traditional silicon. As a global leader with a reported 2024 market share exceeding 30%, the company serves major power device providers for EVs, renewable energy, and AI computing. EpiWorld International plans to list on the Hong Kong Stock Exchange on March 30, 2026.

The company priced its IPO on March 27, 2026, offering 21.49 million H shares at HKD 76.26 each, raising approximately HKD 1.64 billion (USD 209.22 million). The offer price implies a market capitalization of USD 4.14 billion. According to the prospectus, proceeds are earmarked for R&D, production capacity expansion, working capital, and strategic acquisitions. Sponsored by China International Capital Corporation and joined by underwriters like ABCI Capital and CCB International, the firm was reportedly the first in China to commercialize 8-inch SiC epitaxial wafers under the leadership of founder Dr. Zhao Jianhui.