IPO Timeline Raw facts
Broker Deadline
Morning deadline
HKEX Deadline
Noon deadline
Broker Results (T-2)
Some brokers release in afternoon
Grey Market (T-1)
Afternoon
HKEX Allotment (T-1)
Evening
Registrar Allotment (T-1)
Evening
Listing Day (T)
First day of trading
Company Overview
| Stock Name | Uisee Tech |
|---|---|
| Stock Code | 01511 |
| Company Full Name | UISEE Technologies (Beijing) Co., Ltd. |
| Industry | Robotics |
| Principal Activities | We are an autonomous driving solution provider in Greater China specializing in unmanned L4-level technology. We currently focus on commercial vehicles in closed scenarios (particularly in airports and industrial parks). Our solutions are universal across all scenarios and have been applied in various open and closed scenarios, covering logistics, operations and motor vehicles, and encompassing autonomous driving levels from Level 2 to Level 4. |
| Listing Date | 2026-05-20 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | Chapter 18C |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | Room 101, 1/F, Yuan Building 1, No. 85 Hongan Road, Fangshan District, Beijing, PRC |
| Business Address (Hong Kong) | 2nd Floor, Regal Airport Hotel 9 Cheong Tat Road Chek Lap Kok New Territories Hong Kong |
| Place of Incorporation | PRC |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | www.uisee.com |
| Share Registrar | 卓佳证券登记有限公司 (Tricor Investor Services Limited) |
| Registrar Contact | (852)2980 1333 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | 18C |
|---|---|
| Offer Price | HK$ 60.30 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 50 shares |
| Entry Threshold | HK$ 3,015 |
| Par Value | RMB 0.1 / shares |
| Offer Period | 2026-05-12 to 2026-05-15 |
| Global Offering Shares | 14,461,200 shares |
| HK Public Offer Shares (Initial) | 723,100 shares (5.0%) |
| Public Offer Lots (Initial) | 14,462lots (Pool A7,231lots，Pool B7,231lots) |
| International Placing Shares (Initial) | 13,738,100 shares (95.0%) |
| Offer Ratio | ~5.0% |
| Total Shares Post-IPO | 162,485,020 shares |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 30.0% |
| Clawback Tiers | To be extracted |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 872,010,360 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 50 | HK$ 3,015 |
| 2 lots | 100 | HK$ 6,030 |
| 3 lots | 150 | HK$ 9,045 |
| 4 lots | 200 | HK$ 12,060 |
| 5 lots | 250 | HK$ 15,075 |
| 6 lots | 300 | HK$ 18,090 |
| 7 lots | 350 | HK$ 21,105 |
| 8 lots | 400 | HK$ 24,120 |
| 9 lots | 450 | HK$ 27,135 |
| 10 lots | 500 | HK$ 30,150 |
| 12 lots | 600 | HK$ 36,180 |
| 14 lots | 700 | HK$ 42,210 |
| 16 lots | 800 | HK$ 48,240 |
| 18 lots | 900 | HK$ 54,270 |
| 20 lots | 1,000 | HK$ 60,300 |
| 30 lots | 1,500 | HK$ 90,450 |
| 40 lots | 2,000 | HK$ 120,600 |
| 50 lots | 2,500 | HK$ 150,750 |
| 60 lots | 3,000 | HK$ 180,900 |
| 70 lots | 3,500 | HK$ 211,050 |
| 80 lots | 4,000 | HK$ 241,200 |
| 90 lots | 4,500 | HK$ 271,350 |
| 100 lots | 5,000 | HK$ 301,500 |
| 120 lots | 6,000 | HK$ 361,800 |
| 140 lots | 7,000 | HK$ 422,100 |
| 160 lots | 8,000 | HK$ 482,400 |
| 180 lots | 9,000 | HK$ 542,700 |
| 200 lots | 10,000 | HK$ 603,000 |
| 400 lots | 20,000 | HK$ 1,206,000 |
| 600 lots | 30,000 | HK$ 1,809,000 |
| 800 lots | 40,000 | HK$ 2,412,000 |
| 1,000 lots | 50,000 | HK$ 3,015,000 |
| 1,200 lots | 60,000 | HK$ 3,618,000 |
| 1,400 lots | 70,000 | HK$ 4,221,000 |
| 1,600 lots | 80,000 | HK$ 4,824,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,800 lots | 90,000 | HK$ 5,427,000 |
| 2,000 lots | 100,000 | HK$ 6,030,000 |
| 4,000 lots | 200,000 | HK$ 12,060,000 |
| 6,000 lots | 300,000 | HK$ 18,090,000 |
| 7,231 lots | 361,550 | HK$ 21,801,465 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 6.41B |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 9,797,800,000 |
|---|---|
| H-Share Market Cap (at Offer Price) | HK$ 7,641,544,635 |
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not applicable (loss-making) |
| Profit/Loss Status | Net loss RMB 230.2 million |
| Period-End Cash Balance | RMB 113.35 million |
| Listing Expenses | ~HK$ 76,700,000 |
| Listing Expenses / Funds Raised | ~8.8% |
| Total Pre-IPO Investment | approximately RMB 1,746.4 million |
| First Day Close | Loading... |
|---|---|
| First Day Open | HK$ -- |
| Use of Proceeds | 1、約46.7%或371.5百萬港元將用于持續增強研發能力及提供解決方案；
2、約33.5%或266.5百萬港元將用于海內外業務拓展及提高商業化能力；
3、約9.8%或77.9百萬港元將用作戰略投資；
4、約10.0%或79.5百萬港元將用作營運資金及一般企業用途。 |
Underwriting Syndicate
Sole Sponsor (1)
CITIC Securities (Hong Kong) Limited CE AAK249(sole)
Sponsor cum Overall Coordinator (1)
CLSA LIMITED CE AAB893
Overall Coordinators (1)
CLSA LIMITED CE AAB893
Joint Global Coordinators (5)
Joint Bookrunners (13)
CLSA LIMITED CE AAB893
BOCOM International Securities Limited CE APJ121
DBS ASIA CAPITAL LIMITED CE AAE430
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
Hong Tai Securities Limited CE BJK437
Futu Securities International (HONG KONG) Limited CE AZT137
CEB International Capital Corporation Limited CE BGH296
uSmart Securities Limited CE BJA907
CNCB (Hong Kong) Capital Limited CE AEQ982
Quam Securities Limited CE AAC577
Lego Securities Limited CE BIE918
PATRONS SECURITIES LIMITED CE BPQ161
SBI China Capital Financial Services Limited CE ABD523
Joint Lead Managers (13)
CLSA LIMITED CE AAB893
BOCOM International Securities Limited CE APJ121
DBS ASIA CAPITAL LIMITED CE AAE430
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
Hong Tai Securities Limited CE BJK437
Futu Securities International (HONG KONG) Limited CE AZT137
CEB International Capital Corporation Limited CE BGH296
uSmart Securities Limited CE BJA907
CNCB (Hong Kong) Capital Limited CE AEQ982
Quam Securities Limited CE AAC577
Lego Securities Limited CE BIE918
PATRONS SECURITIES LIMITED CE BPQ161
SBI China Capital Financial Services Limited CE ABD523
Capital Market Intermediaries (13)
CLSA LIMITED CE AAB893
BOCOM International Securities Limited CE APJ121
DBS ASIA CAPITAL LIMITED CE AAE430
China Galaxy International Securities (Hong Kong) Co., Limited CE AXM459
Hong Tai Securities Limited CE BJK437
Futu Securities International (HONG KONG) Limited CE AZT137
CEB International Capital Corporation Limited CE BGH296
uSmart Securities Limited CE BJA907
CNCB (Hong Kong) Capital Limited CE AEQ982
Quam Securities Limited CE AAC577
Lego Securities Limited CE BIE918
PATRONS SECURITIES LIMITED CE BPQ161
SBI China Capital Financial Services Limited CE ABD523
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
盛德律师事务所 金杜律师事务所 ONC Lawyers Lee & Lee LLP Hassan Al Khater Law Office |
| Legal Advisor to Sponsors/Underwriters |
Herbert Smith Freehills Kramer 君合律师事务所 |
| Auditor and Reporting Accountant | 安永会计师事务所 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Receiving Banks |
DBS BANK (HONG KONG) LIMITED 招商永隆银行有限公司 中信银行（国际）有限公司 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Xiongan Autonomous Driving Limited | 223,713,000 HKD | 3,710,000 | 25.65% | 2.28% | 6 months | 2026-11-20 |
| 2 | CYGG Holding Limited | 7,820,910 HKD | 129,700 | 0.90% | 0.08% | 6 months | 2026-11-20 |
| 3 | Starwin International A LPF | 29,697,750 HKD | 492,500 | 3.41% | 0.30% | 6 months | 2026-11-20 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | Mr. Chiang Tsung Che | Mr. Chiang Tsung Che |
| Company Secretary | Mr. Chiang Tsung Che | Mr. Chiang Tsung Che |
| Executive Director | 吴甘沙 | Wu Gansha |
| Non-Executive Director | 吴军 | Wu Jun |
| Independent Non-Executive Director | 周明笙 | Chow Ming Sang |
| Executive Director | 周鑫 | Zhou Xin |
| Non-Executive Director | 周军 | Zhou Jun |
| Independent Non-Executive Director | 白蕊 | Bai Rui |
| Executive Director | 江宗哲 | Chiang Tsung Che |
| Non-Executive Director | 高晓虎 | Gao Xiaohu |
| Independent Non-Executive Director | 杜子德 | Du Zide |
Major Shareholders
| Major Shareholders & Holdings | Mr. Wu, Mr. Jiang, Mr. Zhou, Mr. Peng and Beijing Simaju constitute a group of controlling shareholders and, immediately after completion of the Global Offering, directly own an aggregate of 32.35% of the equity interests. |
|---|
AI
AI Analysis
AI interpretation
deepseek-v4-pro · AI-generated
Market Sentiment
The IPO saw extreme oversubscription at 6,777x, signaling fierce demand for this autonomous driving stock under Chapter 18C. Despite the high subscription ratio, the overall hit rate reached 17.03%, notably elevated due to reallocation from the international offering. Final pricing at HK$60.3 reflects strong valuation support amidst the frenzy. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Tier Analysis
A distinct tier inefficiency is evident: A-tail applicants (80,000 applications) expected only 0.335 lots each, while B-head applicants (90,000 applications) secured a guaranteed 1 lot each. This sharp jump means the marginal cost of moving from A-tail to B-head yields a full lot certainty, making the A-tail tier particularly cost-ineffective given typical flat broker fees. The low expectation in A-tail likely left many participants empty-handed despite the high application count. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
Demographics
Mainland Chinese investors dominated with a 63.8% share, highlighting the cross-border appeal of specialist tech IPOs, while Hong Kong residents accounted for 35.4%. The investor base skewed slightly male (61.3%) and middle-aged (average 41.9 years), typical for high-risk tech offerings. A regional concentration was noted, with Guangdong likely being a major contributor given historical patterns. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
