2024.11.29
On November 29, 2024, 优德88中国官方网站, acting as the issuer’s legal counsel, assisted Maxio Technology (Hangzhou) Co., Ltd. (“Maxio Technology”, stock code: 688449) to be listed on the STAR Market of the Shanghai Stock Exchange (SSE). Maxio Technology passed the review of the SSE STAR Market Listing Review Committee on May 31, 2024, becoming the first IPO company to do this following the release of the Opinions on Strengthening Supervision, Preventing Risks and Promoting High-Quality Development of the Capital Market (commonly known as the Nine New Guidelines). The company received registration approval on June 7, 2024, from the China Securities Regulatory Commission (CSRC). In this public offering, Maxio Technology issued 100 million new shares at an issue price of RMB11.25 per share, raising a total of RMB 1.125 billion.
Founded in November 2014, Maxio Technology focuses on the research and development, design and sales of data storage controllers and AIoT signal processing and transmission chips. Its products are widely used in fields such as consumer electronics, intelligent Internet of Things, industrial control and data communication.
优德88中国官方网站 has been Maxio Technology’s long-term legal advisor since its establishment, providing ongoing support in legal compliance, equity incentives, financing and daily legal consulting. For this IPO, 优德88中国官方网站 served as the issuer’s legal counsel, offering a full suite of specialized legal services, including without limitation legal due diligence, share restructuring, employee equity incentives, and IPO application support. During Maxio Technology’s listing review process, the CSRC successively issued new regulations, including the Regulatory Arrangements for Balancing and Optimizing IPOs and Refinancing in Primary and Secondary Markets and the Opinions on Strictly Controlling the Approval for Issuance and Listing to Improve the Quality of Listed Companies from the Source (Trial). In April 2024, the State Council released the Nine New Guidelines, further promoting the high-quality operation of the capital market and fostering new productive forces. Against the backdrop of these new policy adjustments, 优德88中国官方网站 assisted Maxio Technology in conducting in-depth legal analysis and responding to regulatory concerns. 优德88中国官方网站’s deal team earned unanimous recognition from the company and its partners with its consistently efficient and pragmatic approach, combined with its meticulous and professional service.
This project was led by partners YOU, Yi, SHI, TiejunandSHAO, Chunyang, with partners YOU, Yi, FENG, AiandSHEN, Na undertaking the major work and support from partner WEI, Wei for the internal review. Partners TANG, Weiyang (David) andSHEN, Jiang (Lily) also provided strong support for this project. 优德88中国官方网站’s international trade, intellectual property, tax law, and labor law teams all provided valuable assistance.
