--- title: "[New Listing] GPGPU Provider Denglin Technology Sets Admission Fee at HK$7,273; Introduces Five Cornerstone Investors Including Everbright Wealth Management" type: "News" locale: "en" url: "https://longbridge.com/en/news/303653084.md" description: "GPGPU provider Denglin Technology has launched its IPO, planning a global offering of 6.125 million shares to raise up to HK$1.764 billion, with an admission fee of approximately HK$7,273 per lot. The company has introduced cornerstone investors, including Everbright Wealth Management, with a total investment of HK$650 million. Listing is expected on November 10. Net proceeds will be used for GPU product iteration, new product development, and software toolchain construction" datetime: "2026-10-30T00:59:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/303653084.md) - [en](https://longbridge.com/en/news/303653084.md) - [zh-HK](https://longbridge.com/zh-HK/news/303653084.md) generator: "portal-rs" --- # [New Listing] GPGPU Provider Denglin Technology Sets Admission Fee at HK$7,273; Introduces Five Cornerstone Investors Including Everbright Wealth Management (Economic Information Network, Special Report on the 30th) General-purpose graphics processing unit (GPGPU) provider Denglin Technology-P (09917) is open for subscription from today until next Thursday (the 5th). The company plans a global offering of 6.125 million shares, with approximately 5% allocated to the public offering in Hong Kong and the remainder to the international offering. The offer price ranges from HK$231 to HK$288 per share, raising up to HK$1.764 billion. Each lot consists of 25 shares, with an admission fee of HK$7,272.61. The company expects to list on Tuesday, November 10. The joint sponsors are CITIC Securities, CSC Financial International, and BOC International. Denglin Technology applied for listing under Chapter 18C of the Listing Rules, which requires a clawback mechanism. The public offering accounts for 5%. If the number of shares subscribed in the Hong Kong public offering reaches 10 times and 50 times or more of the initial offering size, the allocation will increase to 10% and 20% of the initial offering size, respectively. The cornerstone investors introduced in this offering include Huayuan, Jutian Investment Co., Ltd., Zhongfang Consortium, ZGD Capital Investments Pte. Ltd., and Everbright Wealth Management Co., Ltd. They have invested a total of HK$650 million. Based on the mid-point offer price of HK$259.5 per share, they can subscribe for approximately 2.4907 million shares, equivalent to about 36.64% of the offering shares presented in the global offering (assuming the over-allotment option is not exercised). Based on the mid-point offer price, Denglin Technology estimates it will receive net proceeds from the global offering of approximately HK$1.48 billion. Of this, 35% will be used for the iterative upgrade and commercial implementation of existing GPU product lines; 25% for the development and commercial implementation of new product categories; 20% for developing the software toolchain for chip products; 10% to strengthen the company's sales and marketing capabilities; and 10% for working capital and other general corporate purposes. Denglin Technology develops and sells GPGPU products, leveraging its proprietary GPU+ (Minsky™) architecture (a proprietary GPU chip architecture that integrates GPGPU cores, AI acceleration units, and high-bandwidth on-chip memory subsystems into a single chip via on-die heterogeneity). Its core target market is enterprise AI, and it seeks to expand into innovative fields such as the public cloud market and robotics. According to Frost & Sullivan, based on 2025 revenue, Denglin Technology is the third-largest company in China's enterprise AI GPGPU market, with a 1% market share. In the first four months of this year, the company recorded a narrowed loss of HK$16.474 million, compared to a loss of HK$108 million in the same period last year. ### Related Stocks - [02330.HK](https://longbridge.com/en/quote/02330.HK.md) - [06066.HK](https://longbridge.com/en/quote/06066.HK.md) - [600030.CN](https://longbridge.com/en/quote/600030.CN.md) ## Related News & Research - [BREAKINGVIEWS-Election flop leaves Donald Trump a wounded animal](https://longbridge.com/en/news/304209478.md) - [BUZZ-Street View: Analysts back logic of Marvell's $115 billion Lumentum deal, flag premium](https://longbridge.com/en/news/304107722.md) - [AMD's OpenAI, Meta chip deals trigger $1 billion quarterly charge](https://longbridge.com/en/news/304195048.md) - [Apple Says It Will Keep Paying More for Memory Chips After December. That's Good News for Micron Stock.](https://longbridge.com/en/news/304212722.md) - ['It's Only a Matter of Time,' Says Top Investor About Micron Stock](https://longbridge.com/en/news/304152386.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**