UISEE TECHNOLOGIES (BEIJING) CO., LTD. (01511.HK) has launched its Hong Kong public offering, with the subscription period running from May 12 to May 15, 2026. The company plans to globally offer 14,461,200 H shares, subject to a 15% over-allotment option. The offer price is set at HK$60.30 per H share, with a board lot size of 50 shares and an entry fee of approximately HK$3,045.40. The shares are expected to commence trading on the Main Board of the Stock Exchange on May 20, 2026. CITIC Securities (Hong Kong) Limited is acting as the sole sponsor.

UISEE Technologies: Largest Autonomous Driving Solution Provider in Greater China’s Airport and Factory Scenarios

Offering structure: Approximately 5% of the global offering (723,100 H shares) will be allocated to the Hong Kong public offering, while approximately 95% (13,738,100 H shares, subject to reallocation and the exercise of the offer size adjustment option) will be allocated to the international placing.

Offer price: HK$60.30 per offer share; board lot size of 50 shares; entry fee of approximately HK$3,045.40.

Offering period: May 12 to May 15, 2026 (with the expected pricing date on May 15, 2026).

Listing date: May 20, 2026.

IPO sponsor: CITIC Securities (Hong Kong) Limited.

Company Overview

UISEE TECHNOLOGIES (BEIJING) CO., LTD. is a Greater China-based autonomous driving solution provider focused on unmanned Level 4 (L4) technologies. The company specializes in commercial vehicles operating in closed scenarios, particularly airports and factory campuses. Its solutions are designed as full-scenario general-purpose systems and have been deployed across both open and closed environments, covering logistics, operations, and transportation vehicles, with autonomous driving capabilities ranging from Level 2 (L2) to Level 4 (L4).

According to Frost & Sullivan, based on 2025 revenue, the company ranked among the leading players in Greater China’s closed-scenario commercial vehicle L4 autonomous driving solution market, with a market share of 3.1%. It ranked first in both airport and factory campus scenarios, with market shares of 90.5% and 31.7%, respectively. The company is also the only provider globally to deliver large-scale commercialized L4 autonomous driving solutions for airports, having established partnerships with 17 airports in China and three overseas airports.

Financial Information

According to the prospectus, UISEE TECHNOLOGIES (BEIJING) CO., LTD. recorded revenue of approximately RMB161 million, RMB265 million, and RMB328 million in 2023, 2024, and 2025, respectively. Net losses for the same periods were approximately RMB213 million, RMB212 million, and RMB230 million, respectively. Research and development expenses amounted to approximately RMB184 million, RMB196 million, and RMB234 million over the same periods.

Based on the offer price of HK$60.30 per offer share and assuming the offer size adjustment option is not exercised, the company estimates net proceeds from the global offering of approximately HK$795.4 million. The proceeds are intended to be used for continuously enhancing R&D capabilities and solution offerings (approximately 46.7%), expanding domestic and overseas business operations and strengthening commercialization capabilities (approximately 33.5%), strategic investments (approximately 9.8%), and working capital as well as general corporate purposes (approximately 10.0%).

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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.

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