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2026 IPO bonanza! Over 90% of new stocks rose on their debut!
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joined discussion · Apr 29 07:42

IPO Pricing | Sunmi Technology-W debuted today with over 2000 times subscription, priced at HKD 24.86 per share, earning HKD 7014 per lot in the grey market

Futu Information reported on April 29$SUNMI TECH-W (06810.HK)$The allocation results were announced, with the price set at HKD 24.86 per share, issuing a total of 42,626,800 shares, each lot comprising 100 shares, and officially listed today
In the last trading session, Sunmi Technology's grey market closed up 282.14% at HKD 95. With each lot consisting of 100 shares and excluding handling fees, one lot yielded a profit of HKD 7,014.
During the public offering phase, Sunmi Technology received 2,003.16 times subscription. The final number of shares offered to the public amounted to 4.2627 million shares, representing approximately 10% of the total shares offered. A total of about 204,900 valid applications were received, with approximately 32,542 processed applications. The percentage of shares allocated for one-lot subscriptions relative to the total number of applied shares was approximately 5%.
Additionally, during the international placement phase, Sunmi Technology garnered 7.91 times subscription. The final number of shares in the international offering reached 38.3641 million shares, equivalent to 90% of the total shares issued. Futu Information has compiled the relevant data in the table below.
Futu Information reported on April 29$SUNMI TECH-W (06810.HK)$The allocation results were announced, with the price set at HKD 24.86 per share, issuing a total of 42,626,800 shares, each lot comprising 100 shares, and officially listed today In the last trading session, Sunmi Technology's grey market closed up 282.14% at HKD 95 per share, each lot consisting of 100 shares, and excluding handling fees, one lot earned HKD 7014 During the public offering phase, Sunmi Technology received 2003.16 times subscription, with the final number of shares offered to the public amounting to 4,262,700 shares, accounting for approximately 10% of the total shares offered. A total of about 204,900 valid applications were received, with approximately 32,542 processed applications, and the percentage of allocated shares for one-lot subscribers relative to the total applied shares was approximately 5% Additionally, during the international placement phase, Sunmi Technology received 7.91 times subscription, with the final number of shares placed internationally amounting to 38,364,100 shares, equivalent to 90% of the total shares offered. Futu Information has compiled the relevant data in the table below Company Overview The company is a global leader in Business IoT (BIoT) solutions. Its disruptive solutions integrate smart hardware, software, and data insights, empowering numerous offline business scenarios to undergo digital transformation and enhancing the efficiency of core business operations such as payment, membership management, order fulfillment, inventory control, and employee management. The company's BIoT solution...
Futu Information reported on April 29$SUNMI TECH-W (06810.HK)$The allocation results were announced, with the price set at HKD 24.86 per share, issuing a total of 42,626,800 shares, each lot comprising 100 shares, and officially listed today In the last trading session, Sunmi Technology's grey market closed up 282.14% at HKD 95 per share, each lot consisting of 100 shares, and excluding handling fees, one lot earned HKD 7014 During the public offering phase, Sunmi Technology received 2003.16 times subscription, with the final number of shares offered to the public amounting to 4,262,700 shares, accounting for approximately 10% of the total shares offered. A total of about 204,900 valid applications were received, with approximately 32,542 processed applications, and the percentage of allocated shares for one-lot subscribers relative to the total applied shares was approximately 5% Additionally, during the international placement phase, Sunmi Technology received 7.91 times subscription, with the final number of shares placed internationally amounting to 38,364,100 shares, equivalent to 90% of the total shares offered. Futu Information has compiled the relevant data in the table below Company Overview The company is a global leader in Business IoT (BIoT) solutions. Its disruptive solutions integrate smart hardware, software, and data insights, empowering numerous offline business scenarios to undergo digital transformation and enhancing the efficiency of core business operations such as payment, membership management, order fulfillment, inventory control, and employee management. The company's BIoT solution...
Company Overview
The company is a global leader in Business IoT (BIoT) solutions. Its disruptive solutions integrate smart hardware, software, and data insights, empowering numerous offline business scenarios to undergo digital transformation and enhancing the efficiency of core business operations such as payment, membership management, order fulfillment, inventory control, and employee management.
The company’s BIoT solutions mainly include smart devices and the BIoT PaaS platform. Each smart device is powered by the company's professional commercial operating system (SUNMI OS), enabling merchants to efficiently manage and optimize their transactions and operations. The BIoT PaaS platform provides unified software infrastructure equipped with ready-to-use development tools, allowing merchants and developers to efficiently develop, manage, and upgrade specific vertical scenario software applications for smart devices. As of December 31, 2025, the company recorded over 200 million cumulative downloads of applications on the SUNMI app market.
Financial Summary
Revenue increased from RMB 3,070.5 million in 2023 to RMB 3,456.4 million in 2024 and further to RMB 3,811.9 million in 2025. For the fiscal years ended December 31, 2023, 2024, and 2025, the company recorded gross profits of RMB 821.2 million, RMB 997.3 million, and RMB 1,192.9 million, respectively, with gross profit margins of 26.7%, 28.9%, and 31.3%.
Futu Information reported on April 29$SUNMI TECH-W (06810.HK)$The allocation results were announced, with the price set at HKD 24.86 per share, issuing a total of 42,626,800 shares, each lot comprising 100 shares, and officially listed today In the last trading session, Sunmi Technology's grey market closed up 282.14% at HKD 95 per share, each lot consisting of 100 shares, and excluding handling fees, one lot earned HKD 7014 During the public offering phase, Sunmi Technology received 2003.16 times subscription, with the final number of shares offered to the public amounting to 4,262,700 shares, accounting for approximately 10% of the total shares offered. A total of about 204,900 valid applications were received, with approximately 32,542 processed applications, and the percentage of allocated shares for one-lot subscribers relative to the total applied shares was approximately 5% Additionally, during the international placement phase, Sunmi Technology received 7.91 times subscription, with the final number of shares placed internationally amounting to 38,364,100 shares, equivalent to 90% of the total shares offered. Futu Information has compiled the relevant data in the table below Company Overview The company is a global leader in Business IoT (BIoT) solutions. Its disruptive solutions integrate smart hardware, software, and data insights, empowering numerous offline business scenarios to undergo digital transformation and enhancing the efficiency of core business operations such as payment, membership management, order fulfillment, inventory control, and employee management. The company's BIoT solution...
Futu Information reported on April 29$SUNMI TECH-W (06810.HK)$The allocation results were announced, with the price set at HKD 24.86 per share, issuing a total of 42,626,800 shares, each lot comprising 100 shares, and officially listed today In the last trading session, Sunmi Technology's grey market closed up 282.14% at HKD 95 per share, each lot consisting of 100 shares, and excluding handling fees, one lot earned HKD 7014 During the public offering phase, Sunmi Technology received 2003.16 times subscription, with the final number of shares offered to the public amounting to 4,262,700 shares, accounting for approximately 10% of the total shares offered. A total of about 204,900 valid applications were received, with approximately 32,542 processed applications, and the percentage of allocated shares for one-lot subscribers relative to the total applied shares was approximately 5% Additionally, during the international placement phase, Sunmi Technology received 7.91 times subscription, with the final number of shares placed internationally amounting to 38,364,100 shares, equivalent to 90% of the total shares offered. Futu Information has compiled the relevant data in the table below Company Overview The company is a global leader in Business IoT (BIoT) solutions. Its disruptive solutions integrate smart hardware, software, and data insights, empowering numerous offline business scenarios to undergo digital transformation and enhancing the efficiency of core business operations such as payment, membership management, order fulfillment, inventory control, and employee management. The company's BIoT solution...
Use of Proceeds
In terms of use of proceeds, Sunmi Technology is expected to receive net proceeds of approximately HKD 922 million from the global offering (based on an offer price of HKD 24.86). According to the prospectus, Sunmi Technology plans to allocate the proceeds from the global offering for the following purposes in the specified amounts.
Approximately 40.0% for funding the research and development of BIoT software and hardware solutions; approximately 30.0% for strengthening the supply chain and production operations; approximately 20.0% for implementing global market expansion plans; approximately 10.0% will be used for working capital and other general corporate purposes.
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Futu Information reported on April 29$SUNMI TECH-W (06810.HK)$The allocation results were announced, with the price set at HKD 24.86 per share, issuing a total of 42,626,800 shares, each lot comprising 100 shares, and officially listed today In the last trading session, Sunmi Technology's grey market closed up 282.14% at HKD 95 per share, each lot consisting of 100 shares, and excluding handling fees, one lot earned HKD 7014 During the public offering phase, Sunmi Technology received 2003.16 times subscription, with the final number of shares offered to the public amounting to 4,262,700 shares, accounting for approximately 10% of the total shares offered. A total of about 204,900 valid applications were received, with approximately 32,542 processed applications, and the percentage of allocated shares for one-lot subscribers relative to the total applied shares was approximately 5% Additionally, during the international placement phase, Sunmi Technology received 7.91 times subscription, with the final number of shares placed internationally amounting to 38,364,100 shares, equivalent to 90% of the total shares offered. Futu Information has compiled the relevant data in the table below Company Overview The company is a global leader in Business IoT (BIoT) solutions. Its disruptive solutions integrate smart hardware, software, and data insights, empowering numerous offline business scenarios to undergo digital transformation and enhancing the efficiency of core business operations such as payment, membership management, order fulfillment, inventory control, and employee management. The company's BIoT solution...
Editor/Joe
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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