---
title: "【New Stock IPO】【Subscription Situation】【Continuously Updated】Mainland automotive HUD solution provider Zejing Co., Ltd. (2632) has borrowed HKD 114 million in margin financing, with an oversubscription of 0.5 times"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279359183.md"
description: "Mainland automotive HUD solution provider Zejing Co., Ltd. conducted its initial public offering from March 16 to 19. As of the evening of the 16th, it received HKD 114 million in margin subscriptions, with an oversubscription of 0.5 times. Zejing plans to issue 16.227 million H shares, with an offering price ranging from HKD 42 to 48, raising a maximum of HKD 780 million, and is expected to be listed for trading on March 24"
datetime: "2026-03-17T03:09:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279359183.md)
  - [en](https://longbridge.com/en/news/279359183.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279359183.md)
---

# 【New Stock IPO】【Subscription Situation】【Continuously Updated】Mainland automotive HUD solution provider Zejing Co., Ltd. (2632) has borrowed HKD 114 million in margin financing, with an oversubscription of 0.5 times

Mainland automotive HUD (Head-Up Display) solution provider Zejing Co., Ltd. (2632.HK) is conducting an IPO from March 16 to 19. As of yesterday evening (16th), Zejing has received HKD 114 million in margin subscriptions, which is 0.5 times oversubscribed based on a public offering fundraising amount of HKD 77.89 million.

Zejing plans to issue 16.227 million H shares, with 10% available for public offering in Hong Kong. The offering price ranges from HKD 42 to HKD 48, raising a maximum of HKD 780 million. Each lot consists of 50 shares, with an entry fee of HKD 2,424.2. Zejing is expected to be listed for trading on March 24, with Haitong International and CITIC Securities as joint sponsors.

## Background

Jiangsu Zejing Automotive Electronics Co., Ltd. focuses on HUD solutions. The group primarily offers windshield HUD (W-HUD) solution CyberLens and augmented reality HUD (AR-HUD) solution CyberVision, supplemented by testing solutions and other innovative visual technology solutions. The group has constructed an integrated self-research technology architecture through a software-hardware integrated approach, encompassing optical design, mechanical engineering, electronic design, software algorithms, and human-machine interface (HMI), which has undergone rigorous testing and verification, covering the core capabilities of HUD solutions and possessing unique capabilities to create sustainable market differentiation. The group provides a full range of platform-based HUD solutions, including CyberLens, CyberVision, testing solutions, and other innovative business solutions to meet diverse customer needs. According to data, based on sales volume in 2024, the group ranks second among HUD solution providers in China, with a market share of 16.2%. The group's customers mainly include automotive OEMs in China. As of September 30, 2025, the group has 18 automotive OEM customers and 101 designated vehicle models

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