IPO Timeline
Broker Deadline
2025-10-23
Morning deadline
HKEX Deadline
2025-10-23
Noon deadline
Broker Results (T-2)
2025-10-24
Some brokers release in afternoon
Grey Market (T-1)
2025-10-27
Afternoon
HKEX Allotment (T-1)
2025-10-27
Evening
Registrar Allotment (T-1)
2025-10-27
Evening
Listing Day (T)
2025-10-28
First day of trading
Company Overview
| Stock Name | 滴普科技 |
|---|---|
| Stock Code | 01384 |
| Company Full Name | 滴普科技 |
| Industry | Information Technology |
| Principal Activities | 我們專注於為企業提供企業級大模型人工智能應用解決方案，助力企業大規模高效整合數據、決策及運營。憑藉我們的FastData Foil數據融合平台及Deepexi企業級大模型平台兩大基礎設施，實現Agentic人工智能應用在企業的部署及實施。 |
| Listing Date | 2025-10-28 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | 18C特专科技 |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國北京市 海淀區 學院南路62號院 1號樓10層1001-1002室 |
| Business Address (Hong Kong) | 香港 銅鑼灣希慎道33號 利園一期19樓1910室 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | www.deepexi.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | 18C特专科技 |
|---|---|
| Offer Price | HK$ 26.66 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 200 shares |
| Entry Threshold | HK$ 5,332 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2025-10-20 to 2025-10-23 |
| Global Offering Shares | 26,632,000 shares |
| HK Public Offer Shares (Initial) | 1,331,600 shares (5.0%) |
| Public Offer Lots (Initial) | 6,658lots (3,329lots, 3,329lots) |
| International Placing Shares (Initial) | 25,300,400 shares (95.0%) |
| Offer Ratio | ~5.0% |
| Total Shares Post-IPO | 326,632,000 shares |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 0% |
| Clawback Tiers | 18C回拨：<10倍→酌情增至10%，10倍至<50倍→10%，≥50倍→20% |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 710,009,120 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 5,332 |
| 2 lots | 400 | HK$ 10,664 |
| 3 lots | 600 | HK$ 15,996 |
| 4 lots | 800 | HK$ 21,328 |
| 5 lots | 1,000 | HK$ 26,660 |
| 6 lots | 1,200 | HK$ 31,992 |
| 7 lots | 1,400 | HK$ 37,324 |
| 8 lots | 1,600 | HK$ 42,656 |
| 9 lots | 1,800 | HK$ 47,988 |
| 10 lots | 2,000 | HK$ 53,320 |
| 15 lots | 3,000 | HK$ 79,980 |
| 20 lots | 4,000 | HK$ 106,640 |
| 25 lots | 5,000 | HK$ 133,300 |
| 30 lots | 6,000 | HK$ 159,960 |
| 35 lots | 7,000 | HK$ 186,620 |
| 40 lots | 8,000 | HK$ 213,280 |
| 45 lots | 9,000 | HK$ 239,940 |
| 50 lots | 10,000 | HK$ 266,600 |
| 100 lots | 20,000 | HK$ 533,200 |
| 150 lots | 30,000 | HK$ 799,800 |
| 200 lots | 40,000 | HK$ 1,066,400 |
| 250 lots | 50,000 | HK$ 1,333,000 |
| 300 lots | 60,000 | HK$ 1,599,600 |
| 350 lots | 70,000 | HK$ 1,866,200 |
| 400 lots | 80,000 | HK$ 2,132,800 |
| 450 lots | 90,000 | HK$ 2,399,400 |
| 500 lots | 100,000 | HK$ 2,666,000 |
| 600 lots | 120,000 | HK$ 3,199,200 |
| 700 lots | 140,000 | HK$ 3,732,400 |
| 800 lots | 160,000 | HK$ 4,265,600 |
| 900 lots | 180,000 | HK$ 4,798,800 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,000 lots | 200,000 | HK$ 5,332,000 |
| 1,500 lots | 300,000 | HK$ 7,998,000 |
| 2,000 lots | 400,000 | HK$ 10,664,000 |
| 2,500 lots | 500,000 | HK$ 13,330,000 |
| 3,329 lots | 665,800 | HK$ 17,750,228 |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 8,708,009,120 |
|---|---|
| Pre-IPO Valuation (Last Round) | To be extracted |
| P/E Ratio | 不適用（公司處於虧損狀態） |
| Profit/Loss Status | 虧損人民幣1,254,990千元 |
| Period-End Cash Balance | To be extracted |
| Listing Expenses | ~HK$ 91,500,000 |
| Listing Expenses / Funds Raised | ~12.89% |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | HK$ 66.8 |
|---|---|
| First Day Open | HK$ 56.5 |
| First Day Change | 150.56% |
| First Day Volume | 11698200.0 |
| First Day Turnover | 612479000.0 |
Use of Proceeds
| Use of Proceeds | 1、約40%（或243.9百萬港元）將用于未來五年提升研發能力； 2、約30%（或182.9百萬港元）將用于擴大在中國的銷售網絡及客戶群，從而加強商業化能力； 3、約15%（或91.5百萬港元）將用于海外業務擴張； 4、約5%（或30.5百萬港元）將用于潛在投資、并購機會，旨在進一步加強核心技術能力，鞏固技術實力； 5、約10%（或61.0百萬港元）將用于營運資金及一般公司用途。 |
|---|
Underwriting Syndicate
Joint Sponsors (5)
中信证券（香港）有限公司 CE AAK249
民银资本有限公司 CE BIY679
国泰君安融资有限公司 CE AGS488
浦银国际融资有限公司 CE BFZ375
BOCOM International (Asia) Limited CE API271
Overall Coordinators (6)
中信里昂证券有限公司 CE AAB893
民银证券有限公司 CE APU820
国泰君安证券（香港）有限公司 CE ABY236
浦银国际融资有限公司 CE BFZ375
交银国际证券有限公司 CE APJ121
利弗莫尔证券有限公司 CE BJN764
Joint Bookrunners (6)
中信里昂证券有限公司 CE AAB893
民银证券有限公司 CE APU820
国泰君安证券（香港）有限公司 CE ABY236
浦银国际融资有限公司 CE BFZ375
交银国际证券有限公司 CE APJ121
利弗莫尔证券有限公司 CE BJN764
Joint Lead Managers (7)
中信里昂证券有限公司 CE AAB893
民银证券有限公司 CE APU820
国泰君安证券（香港）有限公司 CE ABY236
浦银国际融资有限公司 CE BFZ375
交银国际证券有限公司 CE APJ121
利弗莫尔证券有限公司 CE BJN764
黄河证券有限公司 CE BIX927
Cornerstone Investors
This stock has no cornerstone investors.
Directors & Management
| Chairman | 趙杰輝 |
|---|---|
| Company Secretary | 李強 |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | 趙先生持有49,468,200股股份（佔15.14%），並通過滴普華創及滴普華贏等受控法團持有43,663,800股股份（佔13.37%），另與楊先生共同持有11,711,400股股份（佔3.59%）。其他主要股東包括天津德輝（6.07%）、5Y Evolution Holding II（5.42%）、Hillhouse Investment Management, Ltd.（5.31%）等。 |
|---|
AI
AI Analysis
Market Sentiment
市场情绪极其亢奋，超额认购高达7569.83倍，反映人工智能及18C特专科技概念受狂热追捧。最终发售价26.66港元，中签率仅10.63%，一手难求，凸显散户抢货激烈。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。）
Tier Analysis
乙头期望中签0.4001手，显著高于甲尾的0.2095手，资金效率几近甲尾的两倍，形成罕见阶梯倒挂。甲尾档位因散户密集申购导致边际中签锐减，而乙组门槛轻微提升却获取更高分配权重，跨档套利空间明显。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。请留意各券商手续费结构不同，实际成本可能差异。）
Demographics
内地投资者占比59.0%，较近期同量级IPO偏低，反映本土及海外资金参与度有所提升。申购人以男性为主（63.8%），平均年龄43岁，呈现大湾区及中年高净值人群典型画像，广东等地区集中度可能较高。（以上为AI基于历史数据生成的评论。过往模式不保证未来结果。不构成投资建议。人口数据可能存在来源偏差，请以官方文件为准。）
Offering Structure
Subscription Tiers
IPO Timeline
