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GUOTAI JUNAN IR
wrote a post · Jun 26 15:23

Guotai Junan International exclusively sponsored Lingyi Intelligent Manufacturing, achieving the largest IPO in the AI hardware precision manufacturing sector

On June 26, a subsidiary of Guotai Haitong GroupGuotai Junan International Holdings Limited("Guotai Junan International" or the "Company," stock code: 1788.HK) acted asSole sponsor, sole sponsor and overall coordinator, overall coordinator, joint global coordinators, joint bookrunners, and joint lead managers, successfully supported Lingyi Smart Manufacturing Co., Ltd. ("Lingyi Smart Manufacturing," stock codes: 1688.HK and 002600.SZ) in its listing on the Main Board of the Hong Kong Exchange. Han Zhida, Vice President of Guotai Haitong, attended the listing ceremony. With this dual-listing on both the A-share and H-share markets, Lingyi Smart Manufacturing has completed the largest IPO in the AI hardware precision manufacturing sector, fully demonstrating Guotai Haitong’s leading comprehensive capabilities in cross-border capital operations and its ability to efficiently integrate resources to serve large-scale technology enterprises.
On June 26, a subsidiary of Guotai Haitong GroupGuotai Junan International Holdings Limited("Guotai Junan International" or the "Company," stock code: 1788.HK) acted asexclusive sponsor, exclusive sponsor and overall coordinator, overall coordinator, joint global coordinator, joint bookrunners, and joint lead managersto successfully support Guangdong Lingyi Intelligent Manufacturing Co., Ltd. ("Lingyi Intelligent Manufacturing," stock codes: 1688.HK, 002600.SZ) in its listing on the Main Board of the Hong Kong Exchange. Han Zhida, Vice President of Guotai Haitong, attended the listing ceremony. With this listing, Lingyi Intelligent Manufacturing has achieved a dual 'A+H' listing platform, marking the largest IPO to date in the AI hardware precision manufacturing sector and fully demonstrating Guotai Haitong's leading comprehensive capabilities in cross-border capital operations and serving major technology enterprises. The final offer price was set at HK$10.18 per share, with a total of 811,811,880 shares offered, raising a total of HK$8.264 billion. Both the international offering and the Hong Kong public offering were oversubscribed, with the international tranche receiving 10.27 times subscription and the Hong Kong public tranche receiving 96.16 times subscription. As of June 26, 2026, by fundraising size, this transaction is the largest exclusively sponsored IPO on the Hong Kong Exchange in 2026. During the project execution period, Guotai Junan International leveraged its full-chain investment banking service system spanning domestic and overseas markets to coordinate Hong Kong listing applications, regulatory communications across jurisdictions, global roadshows, investor...
The final offering price was set at HK$10.18 per share, with a total of 811,811,880 shares offered, raising a total of HK$8.264 billion. Both the international placement and the Hong Kong public offering received strong demand, with the international tranche oversubscribed by 10.27 times and the Hong Kong public tranche oversubscribed by 96.16 times. As of June 26, 2026, this transaction ranks as the largest sole-sponsored IPO in the Hong Kong market in 2026 by fundraising size.
During the execution period, Guotai Junan International leveraged its end-to-end investment banking service platform spanning domestic and international markets to coordinate the entire listing process—from Hong Kong listing application submission and regulatory communications across jurisdictions to global roadshows and investor engagement—efficiently completing the full journey from filing the H-share prospectus to listing on the Hong Kong Exchange. The project team deeply articulated Lingyi Smart Manufacturing’s four core growth drivers: humanoid robots, AI glasses, foldable displays, and AI server thermal management. Centered on the company’s positioning as an AI hardware intelligent manufacturing platform, they refined a compelling investment narrative and conducted multiple tiered roadshows targeting global institutional investors. This effort successfully secured commitments from 19 cornerstone investors—including GF Fund Management, Kaide Global, Qube, Ti-Capital Funds, Value Partners, Hongxing International (Shenghong Technology), Morgan Stanley, Greenwoods Asset Management, 3W Fund, Deliante, Sunny Optical Capital, Honor, Jain Global, Seven Grand, Taikang Life Insurance, Da Cheng International, Everbright Wealth Management, GRANITE ASIA, and Verition—with total cornerstone subscription amounting to approximately HK$3.228 billion, representing 39.06% of the global offering. These investors span a diverse mix of long-only funds from China and overseas, top-tier mutual funds, globally recognized hedge funds, and prominent industrial capital, reflecting Guotai Junan International’s strength in accessing a broad spectrum of premier global investors and underscoring top-tier global capital’s strong confidence in Lingyi Smart Manufacturing’s long-term growth potential in AI hardware, computing thermal management, new energy vehicles, robotics, and related sectors.
Guotai Haitong has maintained a long-standing partnership with Lingyi Smart Manufacturing, gaining deep insights into the company’s business and industry dynamics, and providing comprehensive investment banking services. The successful completion of this Hong Kong IPO not only highlights Guotai Haitong’s professional expertise and comprehensive strengths in Hong Kong IPO execution but also further underscores the group’s integrated, end-to-end service advantage. Through long-term client engagement, Guotai Haitong has embodied its cultural philosophy of 'Go Together, Honor Together' with clients and partners alike.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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