New IPO Pricing | Vision Valley Technology listed today, received over 3,500 times subscription, priced at HK$20.81 per share, with an unofficial market gain of HK$866 per lot.

Futu News, May 27: $VIEWTRIX TECH (03310.HK)$ announced its allotment results, pricing shares at HK$20.81 each, issuing a total of 52,859,200 shares, with each board lot consisting of 200 shares, officially listing today.

On the previous trading day, Vision Valley Technology's grey market price closed up 20.81% at HK$25.14 per share. With a board lot size of 200 shares, each lot generated a profit of HK$866, excluding brokerage fees.

During the public offering phase, Vision Valley Technology received 3,559.68 times subscription. The final number of shares allocated to the public offering was 5.286 million shares, representing approximately 10% of the total offered shares. A total of approximately 242,400 valid applications were received, with about 25,707 applications processed. The percentage of applicants who received one lot out of all applications was approximately 3%.

Additionally, during the international placement phase, Vision Valley Technology was oversubscribed by 7.05 times. The final number of shares allocated to the international offering was 47.5732 million shares, equivalent to 90% of the total offered shares. Futu compiled the relevant data in the table below:

Company Overview

According to a Frost & Sullivan report, by 2024 sales volume, Yunyinggu Technology is the fifth-largest supplier in the global smartphone AMOLED display driver chip market and the largest in mainland China. The company is committed to providing reliable and high-performance display driver solutions to consumer electronics brand companies.

After more than a decade of development, Yunyinggu has become a technology-driven brand in the display industry, consistently emphasizing value creation for brand companies. According to Frost & Sullivan, the company was the first in mainland China to obtain certification from brand companies and remains the only AMOLED display driver chip enterprise in mainland China to have shipped over 10 million units cumulatively to brand companies. Additionally, the company’s total sales volume exceeded 50 million units in 2024.

Financial Summary

Yunyinggu Technology's revenue increased from RMB 720.4 million in 2023 to RMB 891.3 million in 2024 and RMB 1,105.7 million in 2025. The company’s research and development expenses were RMB 177.0 million, RMB 242.2 million, and RMB 266.0 million in 2023, 2024, and 2025, respectively, accounting for 24.6%, 27.2%, and 24.1% of annual revenue in each respective year.

Use of Proceeds

Regarding the use of proceeds, Vision Valley Technology expects net proceeds from the global offering to amount to approximately HK$1.019 billion (based on an issue price of HK$20.81 per share). According to the prospectus, Vision Valley Technology intends to allocate the funds raised from the global offering for the following purposes:

Approximately 47% will be used to support the research and development as well as optimization of AMOLED TDDI chips; around 33% will be allocated to support the R&D and optimization of Micro-OLED and Micro-LED display backplanes/drivers; about 10% will be utilized for strategic investments or acquisitions to seize future development opportunities; and approximately 10% will be earmarked for working capital and other general corporate purposes, including daily operations and general corporate expenses.

The golden season for new stock subscriptions has arrived! Use Futu for new stock subscriptions—zero interest, zero handling fees, and zero cash subscription. Participants now have the chance to have their new stock subscription fees waived for a year.Come and experience it now >>

Editor/Joe

240K Views