Shenzhen Creality 3D Technology Co., Ltd. (03388.HK) has launched its Hong Kong IPO. The offering period runs from May 20 to May 26, 2026. The company plans to globally offer 73,427,550 H shares, with a 15% over-allotment option. The offer price is HK$18.80 per share, with a board lot size of 150 shares and an entry subscription fee of approximately HK$2,848.44. The shares are expected to commence trading on the Main Board of the Hong Kong Stock Exchange on May 29, 2026. China International Capital Corporation (CICC) is the sole sponsor.

Creality: Global Consumer-Grade 3D Printing Products and Services Provider

Offering structure: Hong Kong public offering accounts for approximately 10% (7,342,800 shares), while the international offering accounts for approximately 90% (66,084,750 shares).

Offer price: HK$18.80 per share; board lot size of 150 shares; entry fee approximately HK$2,848.44.

Offering period: May 20–26, 2026 (expected pricing date: May 27, 2026).

Listing date: May 29, 2026.

IPO sponsor: China International Capital Corporation (CICC).

Company Overview

Creality is a global provider of consumer-grade 3D printing products and services. Its product portfolio includes 3D printers, 3D printing filaments, 3D scanners, laser engraving machines, accessories and other products, as well as various services provided through its Creality Cloud and Nexbie platforms.

According to CIC, in terms of GMV in 2025, the company ranked second globally in the consumer-grade 3D printer market with a market share of 11.2%, first globally in the consumer-grade 3D scanner market with a market share of 45.3%, and fourth globally in the consumer-grade laser engraving machine market with a market share of 4.8%.

As of December 31, 2025, the company’s sales network covered approximately 140 countries and regions, supported by 81 online stores and 2,422 domestic and overseas distributors.

Financial Information

According to the prospectus, Creality recorded revenue of approximately RMB1.883 billion, RMB2.288 billion and RMB3.127 billion in 2023, 2024 and 2025, respectively. Net profit/loss for the same periods was approximately RMB129 million, RMB89 million and a net loss of RMB182 million, respectively.

Adjusted net profit (a non-IFRS measure) was approximately RMB130 million, RMB97 million and RMB92 million for 2023, 2024 and 2025, respectively.

Based on the offer price of HK$18.80 per share and assuming the over-allotment option is not exercised, the company expects net proceeds of approximately HK$1.272 billion from the IPO.

The proceeds are intended to be used for research and development investments to strengthen technological capabilities (approximately 30%), overseas user operations including the development and operation of the Creality Cloud and Nexbie platforms (approximately 25%), global brand promotion and sales channel expansion (approximately 25%), pursuing strategic partnerships, investments or acquisitions (approximately 10%), and working capital together with general corporate purposes (approximately 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$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 Creality 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 Creality, tap "Public Offer," enter your subscription quantity, and submit your order.

(Image source: uSMART HK App)