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IPO Detail
09917 登臨科技-P
DENGLIN TECH-P
Register Close2026/11/05    IPO Closing Tomorrow
Listing Date2026/11/10
COMPANY PROFILE

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.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureSemiconductors
Major Business AreaChina
Board Lot25
GLOBAL OFFERING
No. of Offer Shares6.13M H shares
No. of International Offer Shares5.82M H shares
No. of HK Offer Shares0.31M H shares
Offer Price$231.0 - $288.0
Stock Code9917
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
TIME TABLE
Application PeriodOct 30 (Fri) - noon, Nov 05 (Thu)
Price Determination DateNov 06 (Fri)
Result Announcement DateOn or before Nov 09 (Mon)
Result Announcement DateOn or before Nov 09 (Mon)
Result Announcement DateOn or before Nov 10 (Tue)
Dealings in Shares commence onNov 10, 2026. (Tue)
Reallocation of Shares Offered
Sales Statistics (HKD)
Offer Price$231.0 - $288.0
Capitalization14.05B - 175.52B
NAV / share ($)$25.55 - $31.06 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
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
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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