Analysis of the Impact of Ownership Structure before IPO on the Valuation of Domestic Semiconductor Companies

DOI

10.2991/978-94-6239-801-6_73How to use a DOI?

Keywords

Semiconductor; Ownership Structure; Listed Financing; Valuation Level; Signal Transmission

Abstract

The valuation of semiconductor listing financing is one of the key issues in current research. The researchers have found that science and technology policies and enterprise size are of great significance to corporate financing, and have improved the model to better value the semiconductor industry. However, for the domestic semiconductor financing valuation, there is a lack of analysis from the perspective of equity structure heterogeneity. Therefore, this paper studies from the perspective of founder and management shareholding, state-owned shareholding, and the interaction effect of the two. The research methods of this paper are as follows. This paper studies 50 semiconductor companies listed on China’s A-share scientific and technological innovation board from 2020 to 2025, and makes descriptive statistical analysis, second-order polynomial regression analysis and correlation analysis on the data. The study found that the shareholding combination of founders and state-owned shareholders would be significantly different. Based on the research results, the study suggests that semiconductor companies should pay attention to the optimization of ownership structure governance and straighten out the relationship of mixed ownership to give better play to the equity synergy mechanism. Future research will further deepen the research on the interaction between founders and state-owned shares and expand the exploration of the impact of other types of ownership structures on valuation.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yu Wei
PY  - 2026
DA  - 2026/10/23
TI  - Analysis of the Impact of Ownership Structure before IPO on the Valuation of Domestic Semiconductor Companies
BT  - Proceedings of the 2026 2nd International Conference on Financial Innovation and Marketing Management (FIMM 2026)
PB  - Atlantis Press
SP  - 692
EP  - 701
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-801-6_73
DO  - 10.2991/978-94-6239-801-6_73
ID  - Wei2026
ER  -