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IPO Detail
01879 曦智科技-P
XIZHI TECH-P
Register Close2026/04/23    IPO Closing in 3 Days
Listing Date2026/04/28
COMPANY PROFILE

Shanghai Xizhi Technology Co. is dedicated to the field of optoelectronic computing, an innovative paradigm that combines the advantages of photonics and electronics. The Group has built a product and solution portfolio centered on optical interconnect and optical computing, powered by its proprietary optoelectronic chip technologies, delivering scalable and cost-effective solutions. The Group is the first company globally to achieve mass deployment of optoelectronic computing.

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The Group’s optoelectronic computing products are based on three core chip technologies: oNOC (Optical Network on Chip), oNET (Optical Inter-chip Networking), and oMAC (Optical Multiply Accumulate). The Group’s revenue is derived from two primary sources: optical interconnect business and optical computing business. Its customers primarily consist of research institutions, internet companies, GPU and server manufacturers, system integrators and computing infrastructure builders and operators.

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The Group’s product portfolio addresses market demand caused by rapid expansion of artificial intelligence, particularly large language model training and deployment, through two complementary lines of innovation: optical interconnect, which overcomes the physical bottlenecks of traditional electronic interconnects by delivering scalable, low-latency, and power-efficient connectivity for both scale-up and scale-out architectures; and optical computing, which leverages the unique physical properties of light to break through the performance and efficiency limitations of conventional electronic processors.

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As of April 13, 2026, the Group had achieved commercialization of: Scale-up EPS, Scale-up OCS and Smart Transceiver with NexusBench under its optical interconnect product line; and PACE, OptiHummingbird, Gazelle and PACE 2 under its optical computing product line.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureSemiconductors
Major Business AreaChina
Board Lot15
GLOBAL OFFERING
No. of Offer Shares13.80M H shares
No. of International Offer Shares13.11M H shares
No. of HK Offer Shares0.69M H shares
Offer Price$166.60 - $183.20
Stock Code1879
Sponsor(s)China International Capital Corporation Hong Kong Securities Limited, Haitong International Capital Limited
Underwriter(s)China International Capital Corporation Hong Kong Securities Limited, Haitong International Securities Company Limited, The Hongkong and Shanghai Banking Corporation Limited, Futu Securities International (Hong Kong) Limited, Shenwan Hongyuan Securities (H.K.) Limited
TIME TABLE
Application PeriodApr 20 (Mon) - noon, Apr 23 (Thu)
Price Determination DateApr 24 (Fri)
Result Announcement DateOn or before Apr 27 (Mon)
Result Announcement DateOn or before Apr 27 (Mon)
Result Announcement DateOn or before Apr 28 (Tue)
Dealings in Shares commence onApr 28, 2026. (Tue)
Reallocation of Shares Offered
Sales Statistics (HKD)
Offer Price$166.60 - $183.20
Capitalization15.32B - 16.85B
NAV / share ($)$31.55 - $33.93 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 174.9, the net proceeds raised would be HKD 2.27B, of which
70% : Continued development of optical interconnect business and optical computing business
20% : Commercialization efforts
10% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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