
SDMC Tech
00901 · HKEXHuaxida is a world‑leading provider of integrated AI Home solutions, a national high‑tech enterprise and a national key “Little Giant” enterprise specializing in refinement, specialization, innovation…
IPO Timeline
- OpenMay 18
- CloseMay 20
- AllotmentMay 22
- PaymentMay 27
- ListingMay 27
Key Facts
Issue Price
HKD 32.80
Min Entry Fee
HKD 3,313.07
Shares Issued
19.21M
Lot Size
100
Total Raise
HKD 630.0M
Estimated Market Cap
HKD 6.87B
Public Allocation
10.0%
International Placement
90.0%
Business Overview
Huaxida is a world‑leading provider of integrated AI Home solutions, a national high‑tech enterprise and a national key “Little Giant” enterprise specializing in refinement, specialization, innovation and novelty.
Use of Proceeds
1、Approximately 25% or HK$142.5 million will be used over the next three years to enhance market position and develop new products;
2、Approximately 35% or HK$199.5 million will be used over the next three years to apply AI technology in home scenarios;
3、Approximately 20% or HK$114.0 million will be used over the next three years for global expansion;
4、Approximately 10% or HK$57.0 million will be used to invest in peer market participants or upstream and downstream market participants with strong potential in artificial intelligence and algorithm fields;
5、Approximately 10% or HK$57.0 million will be used as working capital and for other general corporate purposes.
Sponsor Track Record
| Name | Past Deals | First Day Avg % | Break Rate % | 30-Day Avg % |
|---|---|---|---|---|
| 中金香港 | 28 | 12.4 | 21.4 | 8.6 |
| 中信里昂 | 19 | 9.7 | 26.3 | 5.1 |
| 建银国际 | 14 | 6.2 | 35.7 | 1.8 |
Baseline updated: 2026-04-15
Intermediaries & Documents
Sponsors
- China Securities (International) Corporate Finance Company Limited
Underwriters
- China Securities (International) Corporate Finance Company Limited
- CMB International Capital Limited
- CCB International Capital Limited
- ABCI Securities Company Limited
- CNCB (Hong Kong) Capital Limited
Prospectus PDF
Prospectus PDF →Cornerstone Investors
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