09976 江波龍
LONGSYS
LONGSYS
| Register Close | 2026/09/03 IPO Closing in 3 Days |
| Listing Date | 2026/09/08 |
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IPO Detail
COMPANY PROFILE
According to CIC, the Group is the ninth largest memory product enterprise worldwide, the second largest independent semiconductor memory product enterprise worldwide among more than 100 market players and the largest independent memory product enterprise in China among more than 30 market players, in terms of revenue from memory products in 2025. The Group currently owns and operates three primary brands - FORESEE, Zilia and Lexar.
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Founded in 1999, the Group expanded from trading semiconductor memory products to developing its own memory products and building back-end manufacturing expertise, and further into core competencies such as controller and memory chip design, firmware development, packaging and testing capacities.
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The Group currently focuses on the sales of consumer grade products. Its consumer grade products are primarily designed for use in mass-market consumer electronics, such as smartphones, tablets, computers and wearable devices. Its non-consumer grade products comprise enterprise-grade and industrial-grade products. Its enterprise grade products are used in enterprise servers and data centers, where end customers include cloud service providers, internet companies and telecommunication operators that require high performance, high-reliability and large-scale storage solutions.
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As of April 30, 2026, the Group have five R&D centers in Shanghai, Chengdu, Shenzhen and Zhongshan in China and Campinas in Brazil. It held 645 granted patents.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | IT Hardware |
| Major Business Area | Asia Pacific |
| Board Lot | 50 |
GLOBAL OFFERING
| No. of Offer Shares | 26.08M H shares |
| No. of International Offer Shares | 23.47M H shares |
| No. of HK Offer Shares | 2.61M H shares |
| Offer Price | $240.60 |
| Stock Code | 9976 |
| Sponsor(s) | CITIC Securities (Hong Kong) Limited, Citigroup Global Markets Asia Limited |
| Underwriter(s) | CLSA Limited, Citigroup Global Markets Asia Limited, China Securities (International) Corporate Finance Company Limited, ABCI Securities Company Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited |
TIME TABLE
| Application Period | Aug 31 (Mon) - noon, Sep 03 (Thu) |
| Price Determination Date | Sep 04 (Fri) |
| Result Announcement Date | On or before Sep 07 (Mon) |
| Result Announcement Date | On or before Sep 07 (Mon) |
| Result Announcement Date | On or before Sep 08 (Tue) |
| Dealings in Shares commence on | Sep 08, 2026. (Tue) |
Reallocation of Shares Offered
Sales Statistics (HKD)
| Offer Price | $240.60 |
| Capitalization | 204.63B |
| NAV / share ($) | $48.63 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 240.6, the net proceeds raised would be HKD 6.02B, of which |
| 78.3% : Enhancing independent R&D and innovation capabilities in key areas, including chip design and advanced memory product development |
| 11.7% : Strategic investments and acquisition |
| 10% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).