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Record-Breaking IPO: Han-Test Set to Debut as Taiwan's Most Expensive Stock
Electronic Technology · Semiconductors · economic_daily · 2026-09-23
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With a record-setting IPO price of NT$2,250, Han-Test highlights the critical role of probe cards in semiconductor testing amid the AI chip boom.
What Happened
Industry Significance: Han-Test is set to list with an IPO price of NT$2,250, marking a new record for the Taiwan stock market. As a critical "gatekeeper" in the semiconductor supply chain, the company specializes in probe cards that ensure the quality and functionality of high-performance AI and HPC chips before they reach the market.
Operational Growth: Driven by the surge in AI and high-performance computing, demand for advanced testing solutions has accelerated significantly. Han-Test has reported strong financial performance, with revenue for the first seven months of the year already surpassing its total 2025 revenue, while expanding into new areas like SLT and silicon photonics.
Investor Education: SinoPac Securities has launched an in-depth video series to demystify the probe card industry for retail investors. By providing on-site insights, the firm aims to help investors look beyond the IPO hype and understand the technical fundamentals driving the company's long-term value.
Streamlined Participation: To facilitate investor participation, SinoPac Securities introduced a "Smart Subscription" feature via its mobile app. This tool allows users to set automated subscription criteria, ensuring they never miss out on IPO opportunities without needing to monitor the market in real-time.