XIZHI TECH-P
| Listing Date | 2026/04/28 Listed Today |
| Listing Price | 183.200 |
- Subscription Rate5,784.70x
- Guarantee One Lot Size2000 lot
- One Lot Success Rate6%
| Listing Date | 2026/04/28 Listed Today |
| Listing Price | 183.200 |
Shanghai Xizhi Technology Co. is dedicated to the field of optoelectronic computing, an innovative paradigm that combines the advantages of photonics and electronics. The Group has built a product and solution portfolio centered on optical interconnect and optical computing, powered by its proprietary optoelectronic chip technologies, delivering scalable and cost-effective solutions. The Group is the first company globally to achieve mass deployment of optoelectronic computing.
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The Group’s optoelectronic computing products are based on three core chip technologies: oNOC (Optical Network on Chip), oNET (Optical Inter-chip Networking), and oMAC (Optical Multiply Accumulate). The Group’s revenue is derived from two primary sources: optical interconnect business and optical computing business. Its customers primarily consist of research institutions, internet companies, GPU and server manufacturers, system integrators and computing infrastructure builders and operators.
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The Group’s product portfolio addresses market demand caused by rapid expansion of artificial intelligence, particularly large language model training and deployment, through two complementary lines of innovation: optical interconnect, which overcomes the physical bottlenecks of traditional electronic interconnects by delivering scalable, low-latency, and power-efficient connectivity for both scale-up and scale-out architectures; and optical computing, which leverages the unique physical properties of light to break through the performance and efficiency limitations of conventional electronic processors.
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As of April 13, 2026, the Group had achieved commercialization of: Scale-up EPS, Scale-up OCS and Smart Transceiver with NexusBench under its optical interconnect product line; and PACE, OptiHummingbird, Gazelle and PACE 2 under its optical computing product line.
| Market | Hong Kong (Main Board) |
| Business Nature | Semiconductors |
| Major Business Area | China |
| Board Lot | 15 |
| No. of Offer Shares | 13.80M H shares |
| No. of International Offer Shares | 11.04M H shares |
| No. of HK Offer Shares | 2.76M H shares |
| Offer Price | $166.60 - $183.20 |
| Stock Code | 1879 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, Haitong International Capital Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, Haitong International Securities Company Limited, The Hongkong and Shanghai Banking Corporation Limited, Futu Securities International (Hong Kong) Limited, Shenwan Hongyuan Securities (H.K.) Limited |
| Application Period | Apr 20 (Mon) - noon, Apr 23 (Thu) |
| Price Determination Date | Apr 24 (Fri) |
| Result Announcement Date | On or before Apr 27 (Mon) |
| Result Announcement Date | On or before Apr 27 (Mon) |
| Result Announcement Date | On or before Apr 28 (Tue) |
| Dealings in Shares commence on | Apr 28, 2026. (Tue) |
| Offer Price | $166.60 - $183.20 |
| Capitalization | 15.32B - 16.85B |
| NAV / share ($) | $31.55 - $33.93 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 174.9, the net proceeds raised would be HKD 2.27B, of which |
| 70% : Continued development of optical interconnect business and optical computing business |
| 20% : Commercialization efforts |
| 10% : Working capital |
| 28/04/2026 16:08 |
| {New Stock}XIZHI TECH-P(01879) ends up 383.62% at HK$886 |
| 28/04/2026 09:20 |
| {New Stock}XIZHI TECH-P(01879) opens up 380.35% at HK$880 |
| 27/04/2026 18:35 |
| {New Stock}XIZHI TECH-P ends up 351.15% on grey market |
| 27/04/2026 16:20 |
| {New Stock}XIZHI TECH-P up 288.1% at HK$711 on grey market |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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