Intchains Group Ltd.

General Information

We are a provider of integrated solutions consisting of high-performance ASIC chips and ancillary software and hardware for blockchain applications. (Incorporated in the Cayman Islands)

We use a fabless business model. We specialize in the front end and back end of IC design, which are the major components of the IC product development chain. We have established strong supply chain management with a leading foundry, which helps to ensure our product quality and stable production output.

Our products consist of high-performance ASIC chips that have high computing power and superior power efficiency as well as ancillary software and hardware, which cater to the evolving needs of the blockchain industry. We have built a proprietary technology platform named “Xihe” Platform, which allows us to develop a wide range of ASIC chips with high efficiency and scalability. We design our ASIC chips in-house, which enables us to leverage proprietary silicon data to deliver products reflecting the latest technological developments ahead of our competitors.

**Note: Revenue and net income are for the 12 months that ended Sept. 30, 2022.

(Note: Intchains Group Limited downsized its IPO at pricing on March 15, 2023, to 1.0 million American Depositary Shares (ADS) – down from 1.25 million ADS – at $8.00 – the mid-point of its $7.00-to-$9.00 price range – to raise $8.0 million. Intchains Group Limited cut its IPO to 1.25 million American Depositary Shares (ADS) – down from 3.575 million ADS – and kept the price range at $7.00 to $9.00 – to raise $10.0 million, in an F-1/A filing dated Feb. 22, 2023. That change represents a reduction of 65 percent in the IPO’s size, based on a decrease in estimated IPO proceeds to $10.0 million under the new terms – down from $28.6 million under the previous terms. Each ADS represents two ordinary shares.

(Background Note: Intchains Group Limited disclosed the terms for its IPO – 3.575 million American Depositary Shares (ADS) at $7.00 to $9.00 to raise $28.6 million – in an F-1/A filing dated Sept. 2, 2022. Intchains Group Limited filed its F-1 (prospectus) on June 22, 2022; this followed the company’s filing of confidential IPO paperwork on Jan. 18, 2022.)

Industry: Semiconductor - Fabless chips for blockchain
Employees: 94
Founded: 2017
Contact Information
Address c/o 9/F, A Block, No.333 Haiyang No.1 Road, Lingang Science and Technology Park, Pudong New Area, Shanghai, 201306, the People’s Republic of China
Phone Number +86 021 58961080
Web Address
View Prospectus: Intchains Group Ltd.
Financial Information
Market Cap $172.65mil
Revenues $107.6 mil (last 12 months)
Net Income $78.5 mil (last 12 months)
IPO Profile
Symbol ICG
Exchange NASDAQ
Shares (millions): 1.0
Price range $8.00 - $8.00
Est. $ Volume $8.0 mil
Manager / Joint Managers Maxim Group
Expected To Trade: 3/16/2023
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
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