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IPO Detail
09611 龍旗科技
LONGCHEER
Listing Date2026/01/22    Listing Tomorrow
Listing Price31.000
Grey Market Performance
Last updated: 21/01/2026 19:59  Refresh
  • Bright Smart
    up 36.440 +5.440 (+17.548%)
    High
    37.000
     
    Low
    32.000
    Volume
    244,800
    One Lot Profit
    +544.00
  • Phillip
    up 36.220 +5.220 (+16.839%)
    High
    37.300
     
    Low
    32.500
    Volume
    2,810,000
    One Lot Profit
    +522.00
  • Futu
    up 37.120 +6.120 (+19.742%)
    High
    41.000
     
    Low
    32.000
    Volume
    2,581,400
    One Lot Profit
    +612.00
  • Bid
  • Ask
  • 36.400
  • (1) 2K
  • 200 (1)
  • 36.680
  • 36.380
  • (0) 0
  • 400 (1)
  • 36.700
  • 36.360
  • (0) 0
  • 0 (0)
  • 36.720
  • 36.340
  • (1) 1.5K
  • 0 (0)
  • 36.740
  • 36.320
  • (1) 500
  • 0 (0)
  • 36.760
  • 36.300
  • (1) 1.3K
  • 0 (0)
  • 36.780
  • 36.280
  • (0) 0
  • 100 (1)
  • 36.800
  • 36.260
  • (0) 0
  • 0 (0)
  • 36.820
  • 36.240
  • (0) 0
  • 0 (0)
  • 36.840
  • 36.220
  • (0) 0
  • 0 (0)
  • 36.860
  • Bid
  • Ask
  • 36.200
  • (8) 4.1K
  • 100 (1)
  • 36.220
  •  
  • (0) 0
  • 100 (1)
  •  
  •  
  • (1) 9.4K
  • 0 (0)
  •  
  •  
  • (0) 0
  • 0 (0)
  •  
  •  
  • (1) 2.2K
  • 500 (4)
  •  
 
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COMPANY PROFILE

Shanghai Longcheer Technology Co. is a leading global provider of smart devices and services, offering solutions - including product research, design, manufacturing, and support - for renowned smart device brands and leading technology companies worldwide.

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According to the report, the Group is the world’s second largest consumer electronics ODM company by consumer electronics ODM shipments in 2024, with the market share of 22.4%, and the world’s largest smartphone ODM company by smartphone ODM shipments in 2024, with the market share of 32.6%.

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The Group has built a diverse product portfolio that includes smartphones, AI PCs, automotive electronics, tablets, smart watches/bands, and smart eyewear. The Group has also established an extensive core customer base, including leading brands such as Xiaomi, Samsung Electronics, Lenovo, Honor, OPPO, and vivo.

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The Group’s customers primarily consist of leading global smart device brands and top-tier technology companies and it primarily generated revenue from full-stack ODM solutions and value-added professional services related to its smart devices.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureIT Hardware
Major Business AreaChina
Board Lot100
GLOBAL OFFERING
No. of Offer Shares52.26M H shares
No. of International Offer Shares47.03M H shares
No. of HK Offer Shares5.23M H shares
Offer Price$31.00
Stock Code9611
Sponsor(s)Citigroup Global Markets Asia Limited, Haitong International Capital Limited, Guotai Junan Capital Limited
Underwriter(s)Citigroup Global Markets Asia Limited, Haitong International Securities Company Limited, Guotai Junan Securities (Hong Kong) Limited, Huatai Financial Holdings (Hong Kong) Limited, ABCI Securities Company Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Open Securities Limited
TIME TABLE
Application PeriodJan 14 (Wed) - noon, Jan 19 (Mon)
Price Determination DateJan 20 (Tue)
Result Announcement DateOn or before Jan 21 (Wed)
Result Announcement DateOn or before Jan 21 (Wed)
Result Announcement DateOn or before Jan 22 (Thu)
Dealings in Shares commence onJan 22, 2026. (Thu)
Reallocation of Shares Offered
Sales Statistics (HKD)
Offer Price$31.00
Capitalization (H Shares)1.62B
NAV / share ($)$15.00 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 31.00, the net proceeds raised would be HKD 1.52B, of which
40% : Expand overall production capacity both domestically and internationally, enhancing self-production capabilities
20% : Support ongoing research and development efforts, particularly to strengthen independent R&D and innovation capabilities in key areas
10% : Improve marketing and customer expansion efforts
20% : Support global strategic investments or acquisitions
10% : Working capital
IPO NEWS
21/01/2026 18:35
{New Stock}LONGCHEER(09611) ends up 16.84% on grey market
21/01/2026 16:20
{New Stock}LONGCHEER up 18.32% at HK$36.68 on grey market
Related Document
Prospectus Prospectus  Chinese VersionProspectus  English Version
Remark： The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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