商米科技－Ｗ 06810Prospectus Information

Prospectus Information
返回 Stock Info Prospectus Allotment Results Allotment Profile Expected Lots
IPO Timeline
Broker Deadline
2026-04-24
Morning deadline
HKEX Deadline
2026-04-24
Noon deadline
Broker Results (T-2)
2026-04-27
Some brokers release in afternoon
Grey Market (T-1)
2026-04-28
Afternoon
HKEX Allotment (T-1)
2026-04-28
Evening
Registrar Allotment (T-1)
2026-04-28
Evening
Listing Day (T)
2026-04-29
First day of trading
Company Overview
Stock Name商米科技－Ｗ
Stock Code06810
Company Full Name商米科技－Ｗ
IndustryInformation Technology
Principal Activitiesproprietary Android-based operating system that supports the deployment and use of a wide range of business applications catering to merchants’ evolving needs
Listing Date2026-04-29
Listing Rules EraNew Rules (after Aug 2025)
Listing Rules Chapter8A不同投票權
Weighted Voting Rights (WVR)Yes
Registered Address (Mainland China)上海市 楊浦區 淞滬路388號7號樓6樓
Business Address (Hong Kong)香港 銅鑼灣 勿地臣街1號 時代廣場 二座31樓
Place of IncorporationTo be extracted
Listing MethodTo be extracted
Listing BoardMain Board
Websitesunmi.com
Share Registrar卓佳证券登记有限公司 (Tricor Investor Services Limited)
Registrar Contact(852)2862 8628
A-Share/US Dual ListingNo
Offering Information
Offering Mechanism Mechanism B
Offer PriceHK$ 24.86 / shares
Offer Price RangeFinal offer price only, no range
Lot Size100 shares
Entry ThresholdHK$ 2,486
Par ValueRMB 1.0 / shares
Offer Period2026-04-21 to 2026-04-24
Global Offering Shares42,626,800 shares
HK Public Offer Shares (Initial)4,262,700 shares (10.0%)
Public Offer Lots (Initial)42,627lots (21,313lots, 21,314lots)
International Placing Shares (Initial)38,364,100 shares (90.0%)
Offer Ratio~10.59%
Total Shares Post-IPO402,626,800 shares
Greenshoe (Over-allotment Option)No
Stabilizing Manager (Greenshoe)—
Cornerstone Share27.0%
Clawback Tiers机制B-无回补
Reallocation OptionNo
Total Global Offering SizeHK$ 1,059,702,248
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 SubscribedShares SubscribedSubscription Amount (HKD)
1 lots 100 HK$ 2,486
2 lots 200 HK$ 4,972
3 lots 300 HK$ 7,458
4 lots 400 HK$ 9,944
5 lots 500 HK$ 12,430
6 lots 600 HK$ 14,916
7 lots 700 HK$ 17,402
8 lots 800 HK$ 19,888
9 lots 900 HK$ 22,374
10 lots 1,000 HK$ 24,860
15 lots 1,500 HK$ 37,290
20 lots 2,000 HK$ 49,720
25 lots 2,500 HK$ 62,150
30 lots 3,000 HK$ 74,580
35 lots 3,500 HK$ 87,010
40 lots 4,000 HK$ 99,440
45 lots 4,500 HK$ 111,870
50 lots 5,000 HK$ 124,300
60 lots 6,000 HK$ 149,160
70 lots 7,000 HK$ 174,020
80 lots 8,000 HK$ 198,880
90 lots 9,000 HK$ 223,740
100 lots 10,000 HK$ 248,600
200 lots 20,000 HK$ 497,200
300 lots 30,000 HK$ 745,800
400 lots 40,000 HK$ 994,400
500 lots 50,000 HK$ 1,243,000
1,000 lots 100,000 HK$ 2,486,000
1,500 lots 150,000 HK$ 3,729,000
2,000 lots 200,000 HK$ 4,972,000
Pool B
Lots SubscribedShares SubscribedSubscription Amount (HKD)
2,500 lots 250,000 HK$ 6,215,000
3,000 lots 300,000 HK$ 7,458,000
3,500 lots 350,000 HK$ 8,701,000
4,000 lots 400,000 HK$ 9,944,000
4,500 lots 450,000 HK$ 11,187,000
5,000 lots 500,000 HK$ 12,430,000
6,000 lots 600,000 HK$ 14,916,000
7,000 lots 700,000 HK$ 17,402,000
8,000 lots 800,000 HK$ 19,888,000
9,000 lots 900,000 HK$ 22,374,000
10,000 lots 1,000,000 HK$ 24,860,000
15,000 lots 1,500,000 HK$ 37,290,000
21,313 lots 2,131,300 HK$ 52,984,118
Valuation & Financials
Market Cap (at Offer Price)HK$ 10,009,302,248
Pre-IPO Valuation (Last Round)To be extracted
P/E Ratio不適用（公司處於盈利狀態，但未提供市盈率信息）
Profit/Loss Status盈利約人民幣222.6百萬元
Period-End Cash Balance人民币347,000,000元
Listing Expenses~HK$ 150,980,000
Listing Expenses / Funds Raised~14.25%
Total Pre-IPO InvestmentTo be extracted
First Day Performance
First Day CloseHK$ 84.8
First Day OpenHK$ 97.5
First Day Change241.11%
First Day Volume11753400.0
First Day Turnover1092450000.0
Use of Proceeds
Use of Proceeds1、約363.5百萬港元（或約40.0%）用于為BIoT軟硬件解決方案的研發提供資金； 2、約272.6百萬港元（或約30.0%）用于撥付加強供應鏈及生產運營； 3、約181.7百萬港元（或約20.0%）用于撥付實施全球市場擴張計劃； 4、約90.9百萬港元（或約10.0%）將用于營運資金及其他一般公司用途。
Underwriting Syndicate
Joint Sponsors (3)
德意志证券亚洲有限公司 CE AAJ984 中信证券（香港）有限公司 CE AAK249 农银国际融资有限公司 CE AWL249
Overall Coordinators (4)
德意志银行香港分行 中信里昂证券有限公司 CE AAB893 农银国际证券有限公司 CE ACX411 招银国际融资有限公司 CE AVM940
Joint Bookrunners (14)
德意志银行香港分行 中信里昂证券有限公司 CE AAB893 农银国际证券有限公司 CE ACX411 招银国际融资有限公司 CE AVM940 申万宏源证券（香港）有限公司 CE AAC927 越秀证券有限公司 CE ABQ722 黄河证券有限公司 CE BIX927 老虎证券（香港）环球有限公司 CE BMU940 富途证券国际（香港）有限公司 CE AZT137 TIANDA SECURITIES LIMITED CE AVT666 微牛证券有限公司 CE BNG700 元宇宙（国际）证券有限公司 CE BIL855 西牛证券有限公司 CE BHT553 利弗莫尔证券有限公司 CE BJN764
Joint Lead Managers (14)
德意志银行香港分行 中信里昂证券有限公司 CE AAB893 农银国际证券有限公司 CE ACX411 招银国际融资有限公司 CE AVM940 申万宏源证券（香港）有限公司 CE AAC927 越秀证券有限公司 CE ABQ722 黄河证券有限公司 CE BIX927 老虎证券（香港）环球有限公司 CE BMU940 富途证券国际（香港）有限公司 CE AZT137 TIANDA SECURITIES LIMITED CE AVT666 微牛证券有限公司 CE BNG700 元宇宙（国际）证券有限公司 CE BIL855 西牛证券有限公司 CE BHT553 利弗莫尔证券有限公司 CE BJN764
Cornerstone Investors
#Investor NameInvestment AmountShares Subscribed% of Offer Shares% of Total SharesLock-up PeriodEst. Unlock Date
1 China Orient Enhanced Income Fund 39,156,986 HKD — 3.70% — 6 months 2026-10-29
2 XINWUTANG CO., LIMITED 247,250,102 HKD — 23.33% — 6 months 2026-10-29
Directors & Management
Chairman林喆
Company Secretary陳肖旌
No director data available.
Major Shareholders
Major Shareholders & Holdings林先生直接持有98,584,276股A類股份，並通過沃郵合夥、沃有合夥及寧波握友控制合共41,251,282股B類普通股，合共佔緊隨全球發售完成後已發行股本中投票權的79.63%（保留事項及特別事項除外）及34.73%（保留事項及特別事項）。雲鑫創投持有98,182,427股B類普通股（32.29%），漢濤諮詢持有29,515,358股（9.71%），金星創投持有28,011,271股（9.21%），深創投集團持有24,777,737股（8.15%）。
AI AI Analysis
!
The following content is generated by an AI model based on historical IPO data. It does NOT constitute investment advice, solicitation, or recommendation. Past subscription patterns and post-listing performance do not guarantee future results. Data may contain inaccuracies — always verify against official HKEX filings and prospectuses before making any investment decision.

Market Sentiment

The Sunmi Technology-W IPO attracted massive demand with an oversubscription ratio of 2003.16 times, underscoring strong investor enthusiasm for the commercial IoT sector. However, the reported hit rate of 0.0% despite over 204,000 valid applications points to either negligible retail allocations or a potential data anomaly. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)

Tier Analysis

A notable tier inefficiency appears at the boundary: 甲尾 applicants with 200,000 lots expected just 0.0547 lots, while 乙头 applicants with 250,000 lots expected 0.3486 lots—a disproportionate jump. This makes the top of Tier A exceptionally cost-inefficient relative to the marginal increase in application size, especially after factoring in broker fees. (This is AI-generated commentary. Data may contain errors; verify against HKEX filings. Not financial advice.)

Demographics

Demographic breakdowns such as mainland China participation and regional distribution are unavailable for this IPO, as the dataset reports zero values across total holders and geographic percentages. This limits insights into the investor profile, particularly the typically influential mainland retail interest for tech listings. (This is AI-generated commentary. Data gaps exist; always refer to official filings. Not financial advice.)

AI-generated content. For informational purposes only. Not financial advice. Verify against official sources.
Offering Structure
Subscription Tiers
IPO Timeline
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