Image sensor firm preps $200 million Shanghai IPO
Brigates Microelectronics (Kunshan, Anhui, China) is a trading name for Ruixin Micro Technology, which was founded in 2008.
The company intends to raise 1.347 billion yuan (about US$207 million) to pay for the development of high-end image sensor chips and movement sensors.
The company claims in its prospectus that it “has a number of domestic leading and internationally advanced core technologies,” according to the reports. They also report that Brigates is one of the few companies in the world that master eCCD technology and that is has a development of that called mCCD.
Brigates’ customer concentration is high. In 2019, the company’s sales to the top five customers accounted for 85 percent of its revenue in the same period.
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