Shanghai, February 1, 2026, 09:07 (CST) — Market closed.
OmniVision Integrated Circuits Group, Inc. Class A shares slipped 1.37% to 121.20 yuan on Friday, according to Shanghai Stock Exchange data. The stock fell 1.68 yuan from Thursday’s close of 122.88. (Investing)
As mainland markets stay closed for the weekend, investors are focused on what’s next: offshore deal pricing, disclosures from major shareholders, and whether appetite for China chip stocks holds up. The timing is key since these signals could shape sentiment before onshore trading resumes.
A regulatory filing revealed Axera Semiconductor plans to raise HK$2.96 billion ($379 million) in a Hong Kong IPO, supported by investors like Qiming Venture Partners and Tencent. The filing also named WILL Semiconductor and JSC International Investment Fund SPC as cornerstone investors, committing to buy shares ahead of the IPO pricing, along with several others. (Reuters)
This matters for OmniVision as investors scramble to figure out who supports which players in the chip supply chain while funds redirect toward “edge” computing themes. Even in the absence of a direct earnings catalyst, money flows can drag stocks down or send them higher.
Another source of pressure came from the shareholder front. Hong Kong exchange disclosures revealed that Norges Bank sold 76,500 shares of OmniVision’s Hong Kong-listed stock (00501) at roughly HK$106.44 apiece, trimming its stake to 4.89%. (Sina Finance)
Traders are set to monitor if this kind of trimming persists and how it might impact the onshore/offshore pricing gap. Attention will also focus on the volume when A-shares reopen; low liquidity could amplify price swings in either direction.
Hong Kong’s IPO pipeline faces risks beyond just market conditions. The Securities and Futures Commission flagged “serious deficiencies” in several IPO applications, halting the vetting process for 16 of them. Banks have been warned against “over-commitment” amid the push for volume. “The gatekeeping role of sponsors … is critical,” said chief executive Julia Leung in a statement. (Reuters)
Tighter review cycles or delays in approval can weigh on sentiment for new issues and their backers, even if fundamentals stay steady. It’s also a reminder that deal flow isn’t one-sided: it can either boost valuations or overwhelm buyers.
Next week, two semiconductor firms in Hong Kong are making moves. Montage Technology aims to raise up to HK$7.04 billion through a secondary listing, with pricing set for Feb. 6 and trading to begin on Feb. 9. Axera follows closely, planning its listing on Feb. 10, according to regulatory filings. Montage’s cornerstone backers include JPMorgan Asset Management and UBS Asset Management, among others. (Reuters)
