2026 IPO bonanza! Over 90% of new stocks rose on their debut

May 27, 2026,the first AI agent for enterprise decision-making— Beijing DeepAlpha Intelligence Technology Co., Ltd. ("DeepAlpha Intelligence," stock code: $DEEPZERO (02723.HK)$ ) has successfully listed on the Main Board of the Hong Kong Stock Exchange, officially becoming the first listed company specializing in AI-powered enterprise decision-making agents and entering a new phase of capital market development.
In this IPO process, Futu participated throughout the offering as a joint bookrunner (JBR) and joint lead manager (JLM). Leveraging its global technology-driven trading platform, extensive network of high-net-worth individuals, and institutional investor resources, Futu efficiently introduced diverse, high-quality, and actively trading global capital to DeepAlpha Intelligence, strengthening the company's investor base and laying a solid foundation for post-listing stock activity and market liquidity.
In addition,Futu provided media and communications services to DeepAlpha Intelligence, helping it build communication bridges with all participants in the Hong Kong capital market and convey the company's value.
According to the prospectus, DeepAlpha Intelligence is a leading provider of AI applications for marketing and sales decision-making in China, offering a comprehensive product portfolio encompassing intelligent ad placement, intelligent data management, and enterprise AI agents. Its core offerings include the AlphaDesk, AlphaData, and DeepAgent series. Per Frost & Sullivan:
– Ranked No. First, market share2.6% in China’s marketing and sales decision-making AI application market by revenue in 2024, outpacing the second-place player by 1.8 percentage points;
– Ranked No. fourth, market share1.6%;
– Serves approximately 468 clientsEnd customers include69Fortune Global 500 companies, spanning multiple sectors including e-commerce, fast-moving consumer goods (FMCG), automotive, and retail.
The company is a pioneer in China in the large-scale application of AI technologies to drive digital transformation in enterprise marketing. Its core products empower clients to achieve intelligent, automated decision-making across the entire marketing value chain.
According to a Frost & Sullivan report, China's decision AI application market is projected to grow from RMB34.5 billionto 2029'sto RMB 161.5 billion by 2028, with a compound annual growth rate36.2%; within this, the marketing and sales decision AI segment is expected to expand from RMB20.3 billion yuanto94.4 billion yuan, with a compound annual growth rate36.5%, offering significant growth opportunities for industry leaders.
Financial data shows that Shenyan Intelligence maintains solid operations and sustained profitability. The company recorded revenue ofRMB 611 million, RMB 538 million, and RMB 577 million; with net profits for the year ofRMB 606.58 million, RMB 215.2 million, and RMB 91.77 million, with consistently positive operating cash flow, demonstrating solid commercialization capabilities.

According to the prospectus, Shenyin Intelligence intends to allocate the net proceeds from this IPO (approximately HK$4.65 billion) toward the following strategic purposes:
– 50%: for continued R&D of AI-powered marketing and sales decision applications (including the DeepAgent series);
– 20%: for expanding the sales network and further broadening the customer base;
– 20%: for selective strategic acquisitions to strengthen its AI application product portfolio;
– 10%: for working capital and other general corporate purposes.
By listing on the Hong Kong stock market, Shenyin Intelligence will further enhance its R&D in decision-making AI technologies, drive product innovation and commercialization strategies, solidify its position as a leader in enterprise decision AI, and accelerate the high-quality development of China's enterprise AI industry.
As a leading digital fintech company, Futu leverages an investor ecosystem of over 29.18 million and a comprehensive enterprise service system to provide businesses with end-to-end services throughout the pre-IPO, IPO, and post-IPO stages. These include one-stop ESOP management solutions, Hong Kong and US IPO distribution*, investor relations (IR) and PR, financial public relations services, international placements, and secondary trading services as core offerings.
By Q4 2025, more than half of the top ten Hong Kong IPOs by fundraising amount have collaborated with Futu. Nearly half of the Hong Kong IPO projects in Q4 are partnered with Futu. The total subscription amount for Hong Kong IPOs on Futu's platform reached 3.5 trillion HKD in Q4, firmly ranking first in the market. Futu’s capabilities in US IPOs are also notable, achieving full allocation for all retail investors participating in popular new listings such as Bullish, Figure, and Gemini.
As of Q4 2025, Futu's corporate services clientele has reached 1,161 companies, providing IPO distribution and IR services for 600 enterprises. It has successfully assisted 387 companies, including Meituan, Kuaishou, Xiaomi, Baidu, KE Holdings, JD Health, and Bilibili, in going public in Hong Kong and the US. To date, Futu has signed agreements with 830 companies for ESOP services, with 1,300 listed companies having established a presence on Futu’s platform.
In the future, Futu will fully leverage its resources and market influence to provide more professional and efficient services to a larger customer base!
*Securities-related services such as IPO distribution are provided by licensed subsidiaries of Futu.
*Data source: Market cap as of the first day of listing
*Data source: Futu's Q4 2025 earnings report
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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