Xizhi Tech-P
01879 · HKEXGlobal leader in opto-electronic hybrid computing for AI clusters.
IPO Timeline
- OpenApr 20
- CloseApr 22
- AllotmentApr 24
- PaymentApr 28
- ListingApr 28
Key Facts
Issue Price
HKD 183.20
Min Entry Fee
HKD 2,524.20
Shares Issued
13.80M
Lot Size
15
Total Raise
HKD 2527.3M
Estimated Market Cap
—
Public Allocation
5.0%
International Placement
95.0%
Business Overview
Global leader in opto-electronic hybrid computing for AI clusters.
Use of Proceeds
1) 70% over the next five years for R&D, including ongoing development of optical interconnect hardware & solutions and optical computing products;
2) ~20% for commercialization;
3) 10% for working capital and general corporate purposes
Sponsor Track Record
| Name | Past Deals | First Day Avg % | Break Rate % | 30-Day Avg % |
|---|---|---|---|---|
| 中金香港 | 28 | 12.4 | 21.4 | 8.6 |
| 中信里昂 | 19 | 9.7 | 26.3 | 5.1 |
| 建银国际 | 14 | 6.2 | 35.7 | 1.8 |
Baseline updated: 2026-04-15
Intermediaries & Documents
Sponsors
- China International Capital Corporation Hong Kong Securities Limited, Haitong International Capital Limited
Underwriters
- China International Capital Corporation Hong Kong Securities Limited
- Haitong International Capital Limited
- HSBC Securities (Asia) Limited
- Futu Securities International (Hong Kong) Limited,
- Shenwan Hongyuan (Hong Kong) Limited
Prospectus PDF
Prospectus PDF →Cornerstone Investors
- Alibaba Investment Limited
- GIC Private Limited
- Baillie Gifford Overseas Limited 及 Baillie Gifford & Co.
- BlackRock, Inc.
- Schroder Investment Management (Singapore) Ltd
- Temasek Holdings (Private) Limited
- Fidelity Funds (Hong Kong) Limited and related group companies
- Shanghai China Mobile Digital Transformation Industry Private Equity Fund Partnership (L.P.)
- UBS Asset Management (Singapore) Limited
- HHLR Funds
- 3W Fund Management Limited
- Aspex Master Fund
- CPE Fir Investment Limited
- Greenwoods Asset Management Limited
- GF Fund
- Lenovo Group Limited
- Mirae Asset Securities (Hong Kong) Limited
- ZTE (Hong Kong) Limited
- ICBC Wealth Management Co., Ltd.
- Ping An Asset Management (Hong Kong) Limited
Total
0
68.1% of placement
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