---
title: "【New Stock IPO】【Subscription Situation】【Continuously Updated】PCB manufacturer DELTON (1989) received HKD 112.1 billion in margin financing, oversubscribed by 339 times"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279359662.md"
description: "DELTON conducted its IPO from March 12 to 17, recording a margin subscription of HKD 112.1 billion by the 16th, oversubscribed by 339 times. It plans to issue 46 million H shares, with the public offering subscription amounting to HKD 330 million, and a maximum offering price of HKD 71.88, raising up to HKD 3.31 billion. Each lot consists of 100 shares, with an entry fee of HKD 7,260.5. The H shares will be listed on March 20, with CITIC Securities and HSBC as joint sponsors. DELTON focuses on customized printed circuit boards for computing power servers and other applications, ranking third globally"
datetime: "2026-03-17T03:14:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279359662.md)
  - [en](https://longbridge.com/en/news/279359662.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279359662.md)
---

# 【New Stock IPO】【Subscription Situation】【Continuously Updated】PCB manufacturer DELTON (1989) received HKD 112.1 billion in margin financing, oversubscribed by 339 times

Guangzhou DELTON Technology Co., Ltd. (1989.HK), a printed circuit board (PCB) manufacturer listed on the Shenzhen Stock Exchange, conducted its public offering from March 12 to 17. As of yesterday (16th) evening, DELTON Technology recorded a margin subscription of HKD 112.1 billion, with a public offering subscription amount of HKD 330 million, oversubscribed by 339 times.

DELTON Technology plans to issue 46 million H shares, with 10% available for public offering in Hong Kong, at a maximum offering price of HKD 71.88, raising up to HKD 3.31 billion. The entry fee for one lot of DELTON Technology is HKD 7,260.5 for 100 shares. DELTON Technology's H shares will be listed on March 20, with CITIC Securities and HSBC as joint sponsors.

## Background

Guangzhou DELTON Technology Co., Ltd. primarily engages in the research and development, production, and sales of customized printed circuit boards (PCBs) used in computing power servers and other computing power scenarios. According to data, based on cumulative revenue from computing power server PCBs from 2022 to 2024, the group ranks third among global computing power server PCB manufacturers and first among those headquartered in mainland China. The group provides PCBs for computing power scenarios, industrial scenarios, and consumer scenarios. The group's main factories are located in Guangdong Province and Hubei Province in China, specifically in Guangzhou and Huangshi. The group primarily generates revenue through PCB sales, with customers including direct sales clients, mainly end product brands and EMS providers; traders; and PCB manufacturers

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