---
title: "Lingyi Zhizao  Starts IPO Today, Entry Fee HKD6786.6; SUNNY OPTICAL as Cornerstone Investor"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289986085.md"
description: "Lingyi Zhizaolaunched its IPO today, offering nearly 812 million H shares with a maximum price of HKD10.18. The company aims to raise approximately HKD8.15 billion in net proceeds. Key cornerstone investors include Sunny Optical and GF Fund Management, contributing around USD407 million. Funds will be allocated to production capacity enhancement, R&D, strategic acquisitions, facility expansion, and working capital."
datetime: "2026-06-17T02:05:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289986085.md)
  - [en](https://longbridge.com/en/news/289986085.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289986085.md)
generator: "portal-rs"
---

# Lingyi Zhizao  Starts IPO Today, Entry Fee HKD6786.6; SUNNY OPTICAL as Cornerstone Investor

AI terminal hardware core supplier Lingyi Zhizao (01688.HK) announced its IPO plan to offer nearly 812 million H shares globally, with 10% for Hong Kong public offering (approximately 81.1813 million shares) and 90% for international offering (nearly 731 million shares). The maximum offer price is HKD10.18 per share, with a board lot of 660 shares and an entry fee of HKD6786.56 per lot.

The offer period runs from today (17th) to next Tuesday (23rd) at noon, with listing expected on June 26. Guotai Haitong is the sole sponsor. The IPO has introduced 19 cornerstone investors, including GF Fund Management, Kaide Global Investment, Qube, Ti-Capital Funds, Value Partners, Hongxing International, SUNNY OPTICAL (02382.HK) +5.800 (+7.775%) Short selling $135.97M; Ratio 14.945% , and Taikang Life, among others, subscribing to shares worth approximately USD407 million in aggregate.

Based on the maximum offer price of HKD10.18, the global offering is expected to raise net proceeds of approximately HKD8.152 billion. Of the net proceeds, 37.6% will be used to enhance production capacity and upgrade core manufacturing processes through equipment investment; 11.9% will be allocated to strengthening core research and development capabilities and technological innovation infrastructure; 30% will be used for strategic investments and acquisitions to support industry resource integration; 10.5% will be used to expand domestic and overseas production facilities; and 10% will be allocated for working capital and general corporate purposes. (gc/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-16 16:25.)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**