VIEWTRIX TECHNOLOGY CO., LTD. (03310.HK) has launched its Hong Kong IPO, with the subscription period running from May 18 to May 21, 2026. The company plans to globally offer 52,859,200 H shares, subject to a 15% over-allotment option. The offer price is set at HK$20.81 per share, with a board lot size of 200 shares and an entry subscription fee of approximately HK$4,203.98. The shares are expected to commence trading on the Main Board of the Hong Kong Stock Exchange on May 27, 2026. China International Capital Corporation (CICC) and CITIC Securities are acting as joint sponsors.

VIEWTRIX Technology: The World’s Fifth-Largest Supplier of Smartphone AMOLED Display Driver Chips

Offer Structure: Approximately 10% of the global offering will be allocated to the Hong Kong public offering (5,286,000 shares), while approximately 90% will be allocated to the international offering (47,573,200 shares).

Offer Price: HK$20.81 per share; board lot size of 200 shares; entry fee of approximately HK$4,203.98.

Subscription Period: May 18–21, 2026.

Expected Listing Date: May 27, 2026.

Joint Sponsors: CICC and CITIC Securities.

Company Overview

VIEWTRIX Technology adopts a fabless business model and focuses on the research, development, and design of AMOLED display driver chips as well as Micro-OLED display backplanes/drivers. Its downstream customers include display panel manufacturers and leading global smartphone brands.

According to Frost & Sullivan, based on shipment volume in 2024, the company ranked as the world’s fifth-largest supplier of smartphone AMOLED display driver chips and the largest supplier in Mainland China. In addition, based on shipment volume in 2024, the company ranked as the world’s second-largest supplier of Micro-OLED display backplanes/drivers, with an estimated market share of approximately 40.7%.

Financial Information

According to the prospectus, VIEWTRIX Technology recorded revenue of approximately RMB720 million, RMB891 million, and RMB1.106 billion for 2023, 2024, and 2025, respectively. Net losses for the same periods were approximately RMB232 million, RMB309 million, and RMB230 million, respectively.

Based on the offer price of HK$20.81 per share and assuming the over-allotment option is not exercised, the company is expected to raise net proceeds of approximately HK$997 million. The proceeds are intended to be used for the following purposes: approximately 47.0% to support the research, development, and optimization of AMOLED TDDI chips; approximately 33.0% to support the research, development, and optimization of Micro-OLED and Micro-LED display backplanes/drivers; approximately 10.0% for strategic investments or acquisitions; and approximately 10.0% for working capital and other general corporate purposes.

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 VIEWTRIX 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 VIEWTRIX Technology, tap "Public Offer," enter your subscription quantity, and submit your order.

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