When does SkyeChip list on Bursa Malaysia?

SkyeChip (stock code: SKYE, 5357) lists on the Main Market of Bursa Malaysia on 20 May 2026.

How do I subscribe to SkyeChip IPO via Moomoo?

Open a Moomoo account with a CDS Account-IPO enabled. Go to IPO section in the app, find SkyeChip, enter your lot quantity (min 100 shares), and submit before 5pm on 6 May 2026. Moomoo charges 0% subscription fee and 0% interest if you are not allotted shares.

What is SkyeChip's business?

SkyeChip is Malaysia's first AI chip designer listed on Bursa Malaysia. It is a fabless IC design company specialising in AI and High-Performance Computing (HPC) silicon intellectual properties (IPs) and ASICs. Revenue CAGR was 44.6% from FY2023–FY2025 with a 30.1% net profit margin.

Is SkyeChip IPO worth subscribing?

SkyeChip trades at ~44x P/E, premium vs overseas semiconductor peers at ~29x. Bull case: 44.6% revenue CAGR, AI tailwind, first-mover in Malaysia fabless chip design. Bear case: expensive valuation, customer concentration risk, global semiconductor cycle exposure. Cornerstone investors took 39% of IPO shares — strong institutional backing.

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SkyeChip IPO Malaysia — RM0.88/share

Malaysia's first AI chip designer on Bursa Main Market. Shariah compliant. Lists 20 May 2026.

IPO Price

RM0.88/share

Min. Investment

RM88 (100 shares)

Listing Date

20 May 2026

SkyeChip IPO — Key Facts

Company	SkyeChip Berhad
Stock Code	SKYE (5357)
Market	Main Market, Bursa Malaysia
IPO Price	RM0.88 per share
Minimum Subscription	100 shares = RM88
Subscription Opens	29 April 2026
Subscription Closes	5pm, 6 May 2026
Listing Date	20 May 2026
Total IPO Shares	400 million shares
Target Raise	RM352 million
Market Cap at IPO	RM1.6 billion
Shariah Compliant	✅ Yes
Cornerstone Support	39% of IPO shares (155M) taken

What is SkyeChip? Malaysia's First AI Chip Designer

SkyeChip Berhad is Malaysia's leading fabless IC (integrated circuit) design company, specialising in Artificial Intelligence (AI) and High-Performance Computing (HPC) silicon. "Fabless" means SkyeChip designs chips but outsources manufacturing — the same model as global giants like Qualcomm, ARM, and MediaTek.

🔬 What SkyeChip Makes

• High bandwidth memory (HBM) silicon IP
• Network-on-chip (NoC) interconnects
• Die-to-die interconnect IPs
• Custom ASICs for AI workloads

🌏 Who Buys SkyeChip IPs

• Chipmakers integrating AI features
• Data centre / HPC hardware builders
• Asian semiconductor companies
• Companies needing custom ASIC designs

Why this matters: Malaysia has historically been a semiconductor packaging and assembly hub (Penang). SkyeChip moves Malaysia up the value chain into chip design — the highest-margin part of the semiconductor industry. It is the first AI chip design company to list on Bursa Malaysia.

SkyeChip Financial Highlights — 44.6% Revenue CAGR

Metric	FY2023	FY2024	FY2025
Revenue Growth	Baseline	High double-digit	CAGR 44.6% (3-yr)
EBITDA Margin	—	—	36.3%
Net Profit Margin	—	—	30.1%
Revenue in Ad. Proceeds	—	—	RM211.5M to R&D (>60%)

✅ Bull Case

• 44.6% revenue CAGR — fastest-growing semicon on Bursa
• AI chip demand still accelerating globally
• First-mover advantage in Malaysia fabless design
• 39% of IPO taken by institutional cornerstone investors
• 60% of RM352M raise going to R&D expansion

⚠️ Bear Case

• P/E ~44x vs overseas semicon peers ~29x — expensive
• Customer concentration risk (few large clients)
• Global semiconductor cycle is cyclical by nature
• FY year ends March — limited public track record

📊 Verdict: High-growth premium, strong institutional backing

SkyeChip is priced for growth at 44x P/E — you are paying up for Malaysia's only listed AI chip designer. The 44.6% revenue CAGR and 30% net margin justify a premium vs commodity semicon peers. Cornerstone investors taking 39% signals real institutional conviction. For IPO applications, the downside is capped to 0% (no allotment = no cost on Moomoo).

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How to Subscribe to SkyeChip IPO on Moomoo — Step by Step

Download Moomoo & open account

Download the Moomoo app. Complete eKYC (MyKad + selfie) — takes 5–10 mins. Account approved in 1–2 business days.

💡 New users: get RM100 cash + RM1,700 AAPL stock on qualifying deposits

Enable CDS Account-IPO

Go to Accounts → CDS Account-IPO → follow prompts. This links your Moomoo to the Bursa CDS system for IPO subscriptions. Takes 1–2 days to activate.

Deposit funds

Deposit at least RM88 (100 shares × RM0.88). To maximise allotment chances, deposit more — Moomoo offers up to 4x leverage on IPO applications.

💡 Deposit RM1,000+ → unlock RM100 cash coupon welcome reward

Apply for SkyeChip IPO

Go to IPO section → find SkyeChip (SKYE) → enter number of lots (min 100 shares) → confirm application. You can apply up to 6,400 shares (64 lots) in the public tranche.

Wait for balloting results

Ballot results announced around 14–15 May 2026. If allotted, shares are credited to your CDS. If not allotted, no charge, no interest — 100% refund.

SkyeChip lists on 20 May 2026

Watch SKYE (5357) on the Bursa main board. You can hold or sell on listing day via Moomoo.

SkyeChip IPO — FAQ

What is the SkyeChip IPO price and minimum investment?▼

RM0.88 per share. Minimum subscription is 100 shares = RM88. You can apply up to 6,400 shares (64 lots) in the public retail tranche.

When does SkyeChip IPO close?▼

Applications close at 5pm on 6 May 2026. Late applications will not be accepted. Submit via Moomoo, Maybank2u, CIMB Clicks, or ATM before the deadline.

Is SkyeChip IPO Shariah compliant?▼

Yes — SkyeChip is Shariah compliant. Muslim investors can participate without riba concerns.

What happens if I am not allotted SkyeChip shares?▼

Full refund of your application amount. Via Moomoo: 0% interest charged on unallotted applications — you lose nothing.

Why is SkyeChip P/E 44x — is it overvalued?▼

At ~44x P/E vs global semicon peers at ~29x, SkyeChip carries a growth premium. However, its 44.6% revenue CAGR and 30% net margin are significantly above average for the sector. Premium is justified if growth continues — the risk is if growth slows.

How does Moomoo's 4x leverage for IPO work?▼

Moomoo allows you to apply for more shares than your cash balance using leverage. E.g., with RM1,000 cash, you may apply for RM4,000 worth of SkyeChip shares. If not allotted, you pay nothing. If allotted, you only pay for the shares received.

📈 moomooSC Malaysia Licensed · No.1 Trading App

RM500/Month for 30 Years = RM1.13M — via S&P 500 at 10% p.a.

Plus up to RM1,800 in new user rewards. SC Malaysia licensed. Invest in US, HK & Bursa stocks from one app.

Monthly DCA growth at 10% p.a. (S&P 500 hist avg)

Monthly	10 yrs	20 yrs	30 yrs
RM300/mo	RM61k	RM228k	RM678k
RM500/mo	RM102k	RM380k	RM1.13M
RM531/mo	RM109k	RM404k	RM1.2M

✅SC Malaysia licensed — regulated & safe
🎁Up to RM1,800 in new user rewards on sign-up
🌍US, HK & Bursa Malaysia stocks in one app

Open moomoo Account & Claim Rewards →

*Complete deposit & first trade via this link to track rewards · T&Cs apply · RM100 coupon ≥RM1,000 deposit · AAPL stock ≥RM30,000 deposit.

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