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joined discussion · Mar 30 07:40

IPO Pricing | Extreme Vision goes public today with over 4500 times subscription, priced at HKD 40 per share, earning HKD 1090 per lot in the grey market

Futu Information reported on March 30$EXTREME VISION (06636.HK)$Announced the allocation results, with shares priced at HKD 40 each. A total of 12.48 million shares were issued, with each lot containing 50 shares. It officially went public today.
On the previous trading day, Extreme Vision's grey market closed up 54.5% at HKD 61.8 per share, with each lot consisting of 50 shares. Excluding handling fees, one lot yielded a profit of HKD 1,090.
During the public offering phase, Extreme Vision received 4,591.37 times subscription, with the final number of shares offered to the public amounting to 2.496 million shares, representing approximately 20% of the total shares on offer. A total of about 159,089 valid applications were received, among which around 33,931 applications were processed. The percentage of shares allocated to applicants who subscribed for one lot relative to the total shares applied for was approximately 10%.
Moreover, during the international placement phase, Extreme Vision received 3.41 times subscription. The final number of shares allocated internationally amounted to 9.984 million shares, equivalent to 80% of the total shares on offer. Futu Information has compiled relevant data in the following table:
Futu Information reported on March 30$EXTREME VISION (06636.HK)$Announced the allocation results, with shares priced at HKD 40 each. A total of 12.48 million shares were issued, with each lot containing 50 shares. It officially went public today. On the last trading day, Extreme Vision's grey market closed up 54.5%, at HKD 61.8 per share. With each lot consisting of 50 shares and excluding handling fees, one lot yielded a profit of HKD 1090. During the public offering phase, Extreme Vision received subscriptions 4591.37 times the offered amount. The final number of publicly allocated shares was 2.496 million, representing approximately 20% of the total shares issued. There were approximately 159,089 valid applications submitted, with around 33,931 processed applications. The percentage of shares allotted for a one-lot application was about 10% of the total applied-for shares. Moreover, during the international placement phase, Extreme Vision saw a subscription rate of 3.41 times. The final number of shares allocated internationally was 9.984 million, accounting for 80% of the total shares issued. Futu Information has compiled relevant data in the table below. Company Overview The company is an AI computer vision solutions provider based in China, offering end-to-end enterprise-level solutions covering development, deployment, and management to businesses across various industries. Additionally, the company has expanded into providing commercially viable large model solutions. Computer vision solutions (an important branch of AI) simulate the human visual system, allowing computers to extract information from images or videos and make decisions accordingly...
Futu Information reported on March 30$EXTREME VISION (06636.HK)$Announced the allocation results, with shares priced at HKD 40 each. A total of 12.48 million shares were issued, with each lot containing 50 shares. It officially went public today. On the last trading day, Extreme Vision's grey market closed up 54.5%, at HKD 61.8 per share. With each lot consisting of 50 shares and excluding handling fees, one lot yielded a profit of HKD 1090. During the public offering phase, Extreme Vision received subscriptions 4591.37 times the offered amount. The final number of publicly allocated shares was 2.496 million, representing approximately 20% of the total shares issued. There were approximately 159,089 valid applications submitted, with around 33,931 processed applications. The percentage of shares allotted for a one-lot application was about 10% of the total applied-for shares. Moreover, during the international placement phase, Extreme Vision saw a subscription rate of 3.41 times. The final number of shares allocated internationally was 9.984 million, accounting for 80% of the total shares issued. Futu Information has compiled relevant data in the table below. Company Overview The company is an AI computer vision solutions provider based in China, offering end-to-end enterprise-level solutions covering development, deployment, and management to businesses across various industries. Additionally, the company has expanded into providing commercially viable large model solutions. Computer vision solutions (an important branch of AI) simulate the human visual system, allowing computers to extract information from images or videos and make decisions accordingly...
Futu Information reported on March 30$EXTREME VISION (06636.HK)$Announced the allocation results, with shares priced at HKD 40 each. A total of 12.48 million shares were issued, with each lot containing 50 shares. It officially went public today. On the last trading day, Extreme Vision's grey market closed up 54.5%, at HKD 61.8 per share. With each lot consisting of 50 shares and excluding handling fees, one lot yielded a profit of HKD 1090. During the public offering phase, Extreme Vision received subscriptions 4591.37 times the offered amount. The final number of publicly allocated shares was 2.496 million, representing approximately 20% of the total shares issued. There were approximately 159,089 valid applications submitted, with around 33,931 processed applications. The percentage of shares allotted for a one-lot application was about 10% of the total applied-for shares. Moreover, during the international placement phase, Extreme Vision saw a subscription rate of 3.41 times. The final number of shares allocated internationally was 9.984 million, accounting for 80% of the total shares issued. Futu Information has compiled relevant data in the table below. Company Overview The company is an AI computer vision solutions provider based in China, offering end-to-end enterprise-level solutions covering development, deployment, and management to businesses across various industries. Additionally, the company has expanded into providing commercially viable large model solutions. Computer vision solutions (an important branch of AI) simulate the human visual system, allowing computers to extract information from images or videos and make decisions accordingly...
Company Overview
The company is an AI computer vision solutions provider in China, offering end-to-end enterprise-level solutions covering development, deployment, and management for businesses across various industries. Additionally, the company has expanded its provision of commercially viable large model solutions. Computer vision solutions (a key branch of AI solutions) are technological solutions that simulate the human visual system, enabling computers to extract information from images or videos and perform analysis, decision-making, and interaction based on this information.
Large model solutions refer to applications built on the functionality of large models, along with related support services. With the rapid development of AI solutions, the company plans to leverage its efficient and inclusive AI technology, combined with deep industry expertise, to accelerate corporate intelligent transformation and drive industry upgrades.
Financial Overview
Revenue increased from RMB 101.6 million in 2022 to RMB 127.7 million in 2023, and further rose to RMB 257.3 million in 2024. The company’s revenue for the nine months ended September 30, 2024, was RMB 79.4 million, which increased to RMB 136.3 million for the nine months ended September 30, 2025.
In 2022, 2023, and 2024, as well as for the nine months ended September 30, 2024, and 2025, the company's gross profits were RMB 31.1 million, RMB 33.1 million, RMB 103.5 million, RMB 31.2 million, and RMB 61.1 million, respectively, with recorded gross profit margins of 30.6%, 25.9%, 40.2%, 39.2%, and 44.9%, respectively.
Futu Information reported on March 30$EXTREME VISION (06636.HK)$Announced the allocation results, with shares priced at HKD 40 each. A total of 12.48 million shares were issued, with each lot containing 50 shares. It officially went public today. On the last trading day, Extreme Vision's grey market closed up 54.5%, at HKD 61.8 per share. With each lot consisting of 50 shares and excluding handling fees, one lot yielded a profit of HKD 1090. During the public offering phase, Extreme Vision received subscriptions 4591.37 times the offered amount. The final number of publicly allocated shares was 2.496 million, representing approximately 20% of the total shares issued. There were approximately 159,089 valid applications submitted, with around 33,931 processed applications. The percentage of shares allotted for a one-lot application was about 10% of the total applied-for shares. Moreover, during the international placement phase, Extreme Vision saw a subscription rate of 3.41 times. The final number of shares allocated internationally was 9.984 million, accounting for 80% of the total shares issued. Futu Information has compiled relevant data in the table below. Company Overview The company is an AI computer vision solutions provider based in China, offering end-to-end enterprise-level solutions covering development, deployment, and management to businesses across various industries. Additionally, the company has expanded into providing commercially viable large model solutions. Computer vision solutions (an important branch of AI) simulate the human visual system, allowing computers to extract information from images or videos and make decisions accordingly...
Use of Proceeds
In terms of use of proceeds, Extreme Vision expects to receive net proceeds from the global offering of approximately HKD 434 million (based on an offer price of HKD 40). According to the prospectus, Extreme Vision intends to allocate the proceeds from the global offering for the following purposes in the specified amounts:
Approximately 60.0% is expected to be used to enhance our R&D capabilities; approximately 30.0% is expected to be used to improve our commercialization capabilities, and approximately 10.0% is expected to be allocated for working capital and general corporate purposes.
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Futu Information reported on March 30$EXTREME VISION (06636.HK)$Announced the allocation results, with shares priced at HKD 40 each. A total of 12.48 million shares were issued, with each lot containing 50 shares. It officially went public today. On the last trading day, Extreme Vision's grey market closed up 54.5%, at HKD 61.8 per share. With each lot consisting of 50 shares and excluding handling fees, one lot yielded a profit of HKD 1090. During the public offering phase, Extreme Vision received subscriptions 4591.37 times the offered amount. The final number of publicly allocated shares was 2.496 million, representing approximately 20% of the total shares issued. There were approximately 159,089 valid applications submitted, with around 33,931 processed applications. The percentage of shares allotted for a one-lot application was about 10% of the total applied-for shares. Moreover, during the international placement phase, Extreme Vision saw a subscription rate of 3.41 times. The final number of shares allocated internationally was 9.984 million, accounting for 80% of the total shares issued. Futu Information has compiled relevant data in the table below. Company Overview The company is an AI computer vision solutions provider based in China, offering end-to-end enterprise-level solutions covering development, deployment, and management to businesses across various industries. Additionally, the company has expanded into providing commercially viable large model solutions. Computer vision solutions (an important branch of AI) simulate the human visual system, allowing computers to extract information from images or videos and make decisions accordingly...
Editor/Vincent
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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