IPO Timeline Raw facts
Broker Deadline
2026-05-21
Morning deadline
HKEX Deadline
2026-05-21
Noon deadline
Broker Results (T-2)
2026-05-22
Some brokers release in afternoon
Grey Market (T-1)
2026-05-26
Afternoon
HKEX Allotment (T-1)
2026-05-26
Evening
Registrar Allotment (T-1)
2026-05-26
Evening
Listing Day (T)
2026-05-27
First day of trading
Company Overview
| Stock Name | Viewtrix Tech |
|---|---|
| Stock Code | 03310 |
| Company Full Name | Viewtrix Tech Co., Ltd. |
| Industry | Semiconductors |
| Principal Activities | We are principally engaged in the design and sale of branded AMOLED display driver chips to leading smartphone manufacturers. Our downstream customers are display panel manufacturers as well as major global and Chinese smartphone brands positioned in the premium and mass-market segments. |
| Listing Date | 2026-05-27 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | 8A不同投票权 |
| Weighted Voting Rights (WVR) | Yes |
| Registered Address (Mainland China) | Headquarters and Principal Place Rooms A1603, 1604 and 1605 of Business in the PRC Shenzhen National Engineering Laboratory Building 20 Gaoxinnanqi Road Gaoxin District Community, Yuehai Avenue Nansha |
| Business Address (Hong Kong) | 香港 銅鑼灣 勿地臣街1號 時代廣場2座31樓 |
| Place of Incorporation | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | viewtrixtech.com |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | Computershare Hong Kong Investor |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 20.81 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 200 shares |
| Entry Threshold | HK$ 4,162 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-05-18 to 2026-05-21 |
| Global Offering Shares | 52,859,200 shares |
| HK Public Offer Shares (Initial) | 5,286,000 shares (10.0%) |
| Public Offer Lots (Initial) | 26,430lots (13,215lots, 13,215lots) |
| International Placing Shares (Initial) | 47,573,200 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 427,778,950 shares |
| Greenshoe (Over-allotment Option) | No |
| Stabilizing Manager (Greenshoe) | — |
| Cornerstone Share | 35.4% |
| Clawback Tiers | Mechanism B: no clawback mechanism |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 1,099,999,952 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 200 | HK$ 4,162 |
| 2 lots | 400 | HK$ 8,324 |
| 3 lots | 600 | HK$ 12,486 |
| 4 lots | 800 | HK$ 16,648 |
| 5 lots | 1,000 | HK$ 20,810 |
| 6 lots | 1,200 | HK$ 24,972 |
| 7 lots | 1,400 | HK$ 29,134 |
| 8 lots | 1,600 | HK$ 33,296 |
| 9 lots | 1,800 | HK$ 37,458 |
| 10 lots | 2,000 | HK$ 41,620 |
| 15 lots | 3,000 | HK$ 62,430 |
| 20 lots | 4,000 | HK$ 83,240 |
| 25 lots | 5,000 | HK$ 104,050 |
| 30 lots | 6,000 | HK$ 124,860 |
| 35 lots | 7,000 | HK$ 145,670 |
| 40 lots | 8,000 | HK$ 166,480 |
| 45 lots | 9,000 | HK$ 187,290 |
| 50 lots | 10,000 | HK$ 208,100 |
| 100 lots | 20,000 | HK$ 416,200 |
| 150 lots | 30,000 | HK$ 624,300 |
| 200 lots | 40,000 | HK$ 832,400 |
| 250 lots | 50,000 | HK$ 1,040,500 |
| 300 lots | 60,000 | HK$ 1,248,600 |
| 350 lots | 70,000 | HK$ 1,456,700 |
| 400 lots | 80,000 | HK$ 1,664,800 |
| 450 lots | 90,000 | HK$ 1,872,900 |
| 500 lots | 100,000 | HK$ 2,081,000 |
| 1,000 lots | 200,000 | HK$ 4,162,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,500 lots | 300,000 | HK$ 6,243,000 |
| 2,000 lots | 400,000 | HK$ 8,324,000 |
| 2,500 lots | 500,000 | HK$ 10,405,000 |
| 3,000 lots | 600,000 | HK$ 12,486,000 |
| 3,500 lots | 700,000 | HK$ 14,567,000 |
| 4,000 lots | 800,000 | HK$ 16,648,000 |
| 4,500 lots | 900,000 | HK$ 18,729,000 |
| 5,000 lots | 1,000,000 | HK$ 20,810,000 |
| 6,250 lots | 1,250,000 | HK$ 26,012,500 |
| 7,500 lots | 1,500,000 | HK$ 31,215,000 |
| 8,750 lots | 1,750,000 | HK$ 36,417,500 |
| 13,215 lots | 2,643,000 | HK$ 55,000,830 |
Stock Connect Inclusion
| HK Market Cap | HK$ 15.02B |
|---|
| Inclusion Pathway | 同股不同权 (WVR) |
|---|---|
| Est. Threshold | --- Market cap gap 25% |
| Analysis Result | WVR市值+成交额均不达标（需>=200亿港元+>=60亿港元成交额） |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 8,902,079,949 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not applicable (loss-making) |
| Profit/Loss Status | Net loss RMB 230.3 million |
| Period-End Cash Balance | RMB 379.74 million |
| Listing Expenses | ~HK$ 102,900,000 |
| Listing Expenses / Funds Raised | ~9.4% |
| Total Pre-IPO Investment | To be extracted |
First Day Performance
| First Day Close | Loading... |
|---|
Use of Proceeds
| Use of Proceeds | 47.0; 50; 6.6; 33.6; 2.1; 10.5; 0.8; 33.0 |
|---|
Underwriting Syndicate
Joint Sponsors (2)
Sponsor cum Overall Coordinator (2)
Overall Coordinators (3)
Joint Global Coordinators (3)
Joint Bookrunners (5)
Joint Lead Managers (5)
Capital Market Intermediaries (5)
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
Freshfields 方达律师事务所 |
| Legal Advisor to Sponsors/Underwriters |
高伟绅律师行 汉坤律师事务所 |
| Auditor and Reporting Accountant | Ernst & Young |
| Industry Advisor | Frost & Sullivan (Beijing) Inc., Shanghai Branch Co. |
| Receiving Banks |
CMB Wing Lung Bank Limited Bank of China (Hong Kong) Limited |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | Digital Vista GD Investment LP | 350,000,000 HKD | 16,818,800 | 31.82% | 3.93% | 6 months | 2026-11-27 |
| 2 | SpreadCom Limited | 39,000,000 HKD | 1,874,000 | 3.55% | 0.44% | 6 months | 2026-11-27 |
Directors & Management
| Chairman | Ms. Zhan Jing |
|---|---|
| Company Secretary | 朱卓婷 |
Executive Director (2)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 顾晶 | — | Executive Director |
| 2 | 韩志勇 | — | Executive Director |
Non-Executive Director (2)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 詹静 | — | Non-Executive Director |
| 2 | 周志峰 | — | Non-Executive Director |
Independent Non-Executive Director (3)
| # | Name | English Name | Type |
|---|---|---|---|
| 1 | 蒋毅敏 | — | Independent Non-Executive Director |
| 2 | 周欣如 | — | Independent Non-Executive Director |
| 3 | 张世泽 | — | Independent Non-Executive Director |
Major Shareholders
| Major Shareholders & Holdings | Dr. Gu Jing, through Shenzhen Yishi, Yisheng No. 1 and Yisheng No. 2, holds in aggregate 72,684,739 H shares (representing 16.99%). Ms. Zhan Jing (spouse of Dr. Gu Jing) is deemed to hold the same interest. Ms. Jia Jing and Mr. Li Changshun hold in aggregate 47,688,757 H shares (representing 11.15%). HSG holds 23,718,425 H shares (representing 5.54%). |
|---|
AI
AI 市场洞察
AI interpretation
deepseek-v4-pro · AI-generated
市场情绪
The IPO recorded an extreme oversubscription ratio of 3559.68x, reflecting overwhelming market enthusiasm. However, with accepted applications at zero, the effective hit rate was 0%, indicating that no public applicants received shares under this fiercely competitive allocation. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
申购档位分析
The expected lot allocation for B-head (0.4542) surprisingly exceeded that for A-tail (0.3107), an anomaly given typical tiered structures where A-tail often secures a larger nominal allocation. Broker fee efficiency across tiers remains inconclusive due to the absence of any successful allotments. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
申购人群画像
With no shares allotted, demographic data such as mainland China participation rates or regional distribution cannot be observed. As a result, typical patterns like Guangdong dominance or investor age profiles remain unknown for this offering. (This is AI-generated commentary based on historical data. Past patterns do not guarantee future outcomes. Not financial advice.)
