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Hermes Testing IPO Set at NT$2,250 Per Share, Offering Potential 100% Upside
Electronic Technology · Semiconductors · economic_daily · 2026-09-03
Semiconductor testing firm Hermes Testing is set to list in late September, with an IPO price of NT$2,250 offering investors a potential 100% return.
What Happened
IPO Pricing and Upside: Hermes Testing is preparing for its late September listing with an initial auction floor price of NT$1,800 and a tentative offering price of NT$2,250. Based on the current market price of NT$4,520, successful lottery participants could see potential returns of up to 100%.
Listing Timeline: The auction period is scheduled from September 7 to 9, with bidding results announced on September 11. Public subscription will run from September 10 to 14, followed by the lottery draw on September 16, with the official listing expected later that month.
Strategic Focus: The company operates across three core segments: probe cards, testing engineering services, and customized semiconductor equipment. Future growth is expected to be driven by advanced packaging solutions like CoWoS, high-power thermal management, and silicon photonics testing.
Financial Performance: Hermes reported a strong performance for the first seven months of the year, with revenue reaching NT$2.668 billion, a 128% year-on-year increase. First-half net profit surged nearly 390% compared to the same period last year, resulting in an EPS of NT$21.5.