---
title: "IPO | DSBJ Raises Over HK$10.6 Billion, Introduces Alibaba and Montage Technology as Cornerstone Investors"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302344197.md"
description: "Suzhou DSBJ has launched its IPO, offering 114 million shares globally and raising up to approximately HK$10.673 billion. It has introduced Alibaba, Montage Technology, and others as cornerstone investors, with a total subscription amount of US$680 million. The proceeds will mainly be used for constructing new facilities, upgrading production lines, and potential strategic investments. The stock is expected to list on October 28"
datetime: "2026-10-20T01:15:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302344197.md)
  - [en](https://longbridge.com/en/news/302344197.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302344197.md)
generator: "portal-rs"
---

# IPO | DSBJ Raises Over HK$10.6 Billion, Introduces Alibaba and Montage Technology as Cornerstone Investors

Suzhou DSBJ (02384), a mainland China-based printed circuit board (PCB) manufacturer listed on the Shenzhen A-share market, is open for subscription from today until Friday (23rd). It is offering 114 million shares globally, with 10% allocated to the Hong Kong tranche and the remainder to the international tranche. The offer price per share is no higher than HK$93.8, raising up to approximately HK$10.673 billion.

One lot consists of 100 shares, with an entry fee of HK$9,474.59.

The company has introduced Aurora SF, Yonglian Investment, Morgan Asset Management (Asia Pacific), Alibaba Investment (a subsidiary of Alibaba (09988)), CPE Bodhi, LMR, Huiyuan Fund, Montage HK (a subsidiary of Montage Technology (06809)), Orient Asset Management, Jane Street, Nexchip Hong Kong (a subsidiary of Nexchip Integration (02249)), BOCOM International, Feisu Innovation (03355), Jump Trading, and Luo Zhongli, founder of Gangxing International Logistics Group Co., Ltd., as cornerstone investors, with a total subscription amount of US$680 million.

DSBJ plans to use approximately 64.5% of the net proceeds from the offering to construct new facilities and upgrade its existing production facilities and lines; approximately 20% for potential strategic investments or acquisitions; approximately 5.5% to repay part of its existing debt; and approximately 10% for working capital and general corporate purposes.

The stock is expected to list on October 28.

### Related Stocks

- [002384.CN](https://longbridge.com/en/quote/002384.CN.md)
- [02249.HK](https://longbridge.com/en/quote/02249.HK.md)
- [03355.HK](https://longbridge.com/en/quote/03355.HK.md)
- [06809.HK](https://longbridge.com/en/quote/06809.HK.md)
- [09988.HK](https://longbridge.com/en/quote/09988.HK.md)

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