Deepexi Technology Co., Ltd. (Stock Code: 01384.HK) has officially launched its Hong Kong IPO. The subscription period runs from October 20 to October 23. The company plans to globally issue 26,632,000 H-shares, with an over-allotment option. The offer price is set at HK$26.66 per share, with a board lot of 200 shares, and an initial investment requirement of approximately HK$5,385.77. The shares are expected to commence trading on the Main Board of the Stock Exchange on October 28. Joint sponsors are CITIC Securities, CMBC Capital, Guotai Junan International, SPDB International Capital, and BOCOM International.

Deepexi Technology: A Globally Leading AI Solutions Provider

Offering Proportion: Approximately 5% (1,331,600 H-shares) for the Hong Kong Public Offering, and about 95% (25,300,400 H-shares) for the International Placement.

Offer Price: HK$26.66 per share; board lot of 200 shares; initial investment requirement of approximately HK$5,385.77.

Subscription Period: October 20 to October 23.

Listing Date: October 28.

IPO Joint Sponsors: CITIC Securities, CMBC Capital, Guotai Junan International, SPDB International Capital, BOCOM International (Asia).

Company Profile

Deepexi Technology specializes in providing enterprise-grade large-model AI application solutions. Through its two core infrastructures—the FastData Foil data integration platform and the Deepexi enterprise-grade large-model platform—it helps businesses efficiently integrate data, decision-making, and operations. According to Frost & Sullivan, based on 2024 revenue, Deepexi ranks fifth in the Chinese enterprise large-model AI application solutions market, with a market share of 4.2%. The company has successfully commercialized its solutions across multiple industries, including consumer retail, manufacturing, healthcare, and transportation.

Financial Information

According to the prospectus, Deepexi’s revenues for 2022–2024 were approximately RMB 100.5 million, RMB 129.0 million, and RMB 242.9 million, respectively. Net losses for the same periods were approximately RMB 655.2 million, RMB 502.9 million, and RMB 1,255.0 million. For the first half of 2025, revenue was approximately RMB 132.1 million, with a net loss of approximately RMB 308.2 million. Based on the offer price of HK$26.66 per share, the company expects to raise net proceeds of approximately HK$609.8 million. The funds will be allocated to: enhancing R&D capabilities (about 40%), expanding the sales network and customer base (about 30%), overseas business expansion (about 15%), potential investments and acquisitions (about 5%), and working capital and general corporate purposes (about 10%).

uSMART launches “HK IPO Fee-Waiver Offer” – subscribe to new shares at zero cost

Margin subscription: 0 % interest, leverage up to 10×

Cash subscription: HK$0 handling fee

Grey-market trading supported

* 0 % interest applies to margin subscription amounts of HK$10 million or below.

^ All handling fees are waived for cash subscriptions.

This promotion is effective from 20 May 2025 until further notice. Certain high-profile IPOs may be excluded. The actual interest rates and fees charged are those shown in the uSMART App subscription interface; statutory government and exchange levies will still apply. The company reserves the right to amend, suspend or terminate the above offer or its terms and conditions at any time without prior notice, and its interpretation shall be final.

How to Subscribe for Deepexi Technology via uSMART HK

The uSMART HK App features an IPO Centre with exclusive perks, allowing clients to subscribe instantly to new public offerings. After logging in, tap “Trade” at the bottom-right, select “IPO Subscription,” choose Deepexi Technology, tap “Public Offer,” enter the subscription quantity, and submit your order.

(Image source: uSMART HK App)