Sigenergy Technology Co., Ltd. (06656.HK) has launched its Hong Kong IPO, with a subscription period from April 8 to April 13, 2026. The company plans a global offering of 13,573,900 H shares, with a 15% over-allotment option. The offer price is HK$324.20 per H share, with a board lot of 100 shares, corresponding to an approximate minimum subscription amount of HK$32,746.96. The shares are expected to commence trading on the Main Board of the Hong Kong Stock Exchange on April 16. CITIC Securities (Hong Kong) and BNP Paribas Securities (Asia) act as joint sponsors.

Sigenergy Technology: Global Leader in Stackable Solar-Storage Integrated Solutions

Offering Structure: Approximately 10% (1,357,400 shares) offered under the Hong Kong public offering; approximately 90% (12,216,500 shares) under the international placing.

Offer Price: HK$324.20 per share; board lot of 100 shares; minimum subscription amount of approximately HK$32,746.96.

Subscription Period: April 8–13, 2026 (expected pricing date: April 14).

Listing Date: April 16, 2026.

Joint Sponsors: CITIC Securities (Hong Kong) Limited, BNP Paribas Securities (Asia) Limited.

Company Overview

Sigenergy Technology develops distributed energy storage solutions for residential and commercial customers. Its flagship product, SigenStor, is a five-in-one solar-storage-charging integrated system featuring a modular, stackable design that integrates a PV inverter, DC charging module, energy storage converter, energy storage battery, and energy management system.

According to Frost & Sullivan, based on 2024 shipment volumes, the company is the world’s largest provider of stackable distributed solar-storage integrated solutions, holding a market share of 28.6%. As of December 31, 2025, Sigenergy Technology has established partnerships with 172 distributors across 85 countries and regions, and has over 17,614 registered installers.

Financial Information

The prospectus shows that Sigenergy Technology recorded revenues of approximately RMB 58.30 million, RMB 1.33 billion, and RMB 9.001 billion in 2023, 2024, and 2025 respectively, with net profits of approximately RMB -373 million, RMB 84 million, and RMB 2.919 billion for the same periods. Based on the offer price of HK$324.20 per share and assuming the over-allotment option is not exercised, the net proceeds are expected to be approximately HK$4.19 billion, which are intended to be used to expand the R&D team and enhance R&D equipment and technology (≈38.0%), strengthen marketing and after-sales services to grow the global customer base and business coverage (≈32.0%), expand production capacity (≈12.0%), diversify the product portfolio and extend commercial and industrial solar-storage-charging solutions (≈9.0%), and for working capital and general corporate purposes (≈9.0%).

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$20 million or below.

^ All handling fees are waived for cash subscriptions.

This promotion is effective from 5 December 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 Sigenergy Technology via uSMART HK

The uSMART HK App features an IPO Centre with exclusive perks, allowing clients to subscribe instantly to public offerings. After logging into the app, tap "Trade" at the bottom-right, go to "IPO Subscription," select Sigenergy Technology, tap "Public Offer," enter your subscription quantity, and submit your order.

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