Before the end of the year: The IPO date in China for the Israeli company has been revealed
After nearly two years of delays and "coordination between authorities," PriorTech reveals the IPO date for its subsidiary, Access, in China. However, the news comes alongside an announcement of another delay that forces the company to attach new reports. So what is really happening here, and how much is it worth to Israeli investors?
The Israeli company PriorTech, which is traded on the stock exchange, updated that its subsidiary, Access, continues to work toward receiving approval from the China Securities Regulatory Commission (CSRC) for an IPO on the Shenzhen Stock Exchange. According to the underwriters' estimate, the process is expected to conclude and trading in the stock is expected to open by the end of the current year. After a long series of postponements that pushed the move back again and again, the very act of setting an official date is in itself positive news.
But it is worth reading the fine print. That same update clarifies that regulatory approval has not yet been received, and precisely because the process with the Chinese authority has dragged on so long, Access will now be forced to attach audited financial statements as of June 30, 2026, to the prospectus.
As the bureaucracy continues, more up-to-date data is required, and this again extends the path. The usual caveats remain: there is no certainty that the IPO will take place, and there is no certainty regarding the timing, scope, terms, or valuation, which depend on the company's performance and the state of the stock market in China.
The move was supposed to get underway as early as the summer of 2025, but was delayed due to what was described as "coordination between authorities in China," a matter that seemed more bureaucratic than technical, but which delayed the filing by an entire quarter. The official application was eventually filed on September 30, 2025, for the ChiNext segment of the Shenzhen Stock Exchange, accompanied by the Chinese investment house CITIC.
It was already clear then that the process was expected to take at least a year. Almost a year has passed since then, and the new target, the end of 2026, aligns exactly with that original estimate.
While the bureaucracy continued to unfold, the business itself accelerated. Access's revenue climbed to approximately 2.09 billion yuan in 2025 (about 290 million dollars), and net profit reached 307 million yuan. The notable surge came in the first quarter of 2026: a jump of about 79% in revenue compared to the corresponding quarter, and a net profit that more than tripled.
The engine is clear: advanced packaging modules for artificial intelligence servers and data centers, a field where revenue tripled within a year and turned the 2024 slowdown into a distant memory. In the IPO itself, the company seeks to raise about 1.22 billion yuan (about 170 million dollars), mainly to expand those same production lines.
PriorTech holds about 26%-27% of Access through Amitec, alongside its control of Camtek. The market currently prices PriorTech (a value of about 3.9 billion shekels) almost exclusively based on its holding in Camtek, with Access almost not reflected in the price.
Market estimates for the IPO range from about half a billion dollars in a conservative scenario to about a billion in a generous scenario, compared to about 300 million dollars that were discussed in 2019. Any IPO that takes place will turn an asset that has been almost "hidden" until now into visible value on the balance sheet, hence the anticipation surrounding the stock.
