DENGLIN TECH-P
| Register Close | 2026/11/05 IPO Closing Tomorrow |
| Listing Date | 2026/11/10 |
| Register Close | 2026/11/05 IPO Closing Tomorrow |
| Listing Date | 2026/11/10 |
Suzhou Denglin Technology Co., Ltd. is a general-purpose graphics processing unit (GPGPU) provider that develops and sells GPGPU products to meet the AI computing needs of China’s diverse industries. It was the third largest company in China enterprise AI GPGPU market in terms of revenue in 2025 with a market share of 1.0%, according to Frost & Sullivan.
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The Group's products are designed to provide foundational computing power for enterprise AI applications in edge nodes, public cloud, private cloud, and terminal devices, and are built on an original GPU+ (Minsky™) architectural foundation supported by a unified Hamming® Software Stack.
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The Group's customers are primarily corporate and institutional users, especially in key application scenarios such as smart city, enterprise private cloud, and education. The Group's customers are mainly located in Beijing, Hangzhou, Shanghai, Suzhou, Shenzhen and Chengdu.
| Market | Hong Kong (Main Board) |
| Business Nature | Semiconductors |
| Major Business Area | China |
| Board Lot | 25 |
| No. of Offer Shares | 6.13M H shares |
| No. of International Offer Shares | 5.82M H shares |
| No. of HK Offer Shares | 0.31M H shares |
| Offer Price | $231.0 - $288.0 |
| Stock Code | 9917 |
| Sponsor(s) | CITIC Securities (Hong Kong) Limited, China Securities (International) Corporate Finance Company Limited, BOCI Asia Limited |
| Underwriter(s) | CLSA Limited, China Securities (International) Corporate Finance Company Limited, BOCI Asia Limited, BOCOM International Securities Limited, ABCI Securities Company Limited, SPDB International Capital Limited, Huafu International Securities Limited, Futu Securities International (Hong Kong) Limited, Golden Rich Securities Limited, China Renaissance Securities (Hong Kong) Limited, First Securities (HK) Limited, JA Securities Limited, Resocore Securities Limited, Tiger Brokers (HK) Global Limited, Zheshang International Financial Holdings Co., Limited |
| Application Period | Oct 30 (Fri) - noon, Nov 05 (Thu) |
| Price Determination Date | Nov 06 (Fri) |
| Result Announcement Date | On or before Nov 09 (Mon) |
| Result Announcement Date | On or before Nov 09 (Mon) |
| Result Announcement Date | On or before Nov 10 (Tue) |
| Dealings in Shares commence on | Nov 10, 2026. (Tue) |
| Offer Price | $231.0 - $288.0 |
| Capitalization | 14.05B - 175.52B |
| NAV / share ($) | $25.55 - $31.06 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 259.5, the net proceeds raised would be HKD 1.48B, of which |
| 35% : Iterative upgrade and commercialization of the existing GPU product lines |
| 25% : Development and commercialization of new product categories |
| 20% : Develop software tool chains for chip products |
| 10% : Strengthen sales and marketing capabilities |
| 10% : Working capital |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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