Two Chinese Tech Companies Seek $900 Million in Hong Kong Listings
By Tracy Qu
Two Chinese technology companies are set to raise about $900 million combined in Hong Kong offerings, adding to a listing pipeline that has made the city the world's busiest venue for new offerings this year.
Shenzhen Longsys Electronics and Excelland Robotics are seeking up to HK$7.15 billion, equivalent to $912 million, according to filings with the Hong Kong Stock Exchange on Monday.
Shenzhen Longsys Electronics is offering 26.08 million shares at up to HK$240.60 each to raise as much as HK$6.27 billion. The Shenzhen-listed semiconductor company plans to use the proceeds for research and development and investments including chip design.
Its shares are due to start trading in Hong Kong on Sept. 8. Citic Securities and Citi are among the banks managing the offering.
Excelland Robotics is offering 45 million shares at up HK$19.55 each to raise as much as HK$879.75 million. The commercial-service robotic company plans to use the proceeds to advance core technologies and expand its business.
SNGI and CEB International are among managers of the offering.
Write to Tracy Qu at tracy.qu@wsj.com
(END) Dow Jones Newswires
August 30, 2026 23:58 ET (03:58 GMT)
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