New Stock News | Xunce Technology's Hong Kong IPO application has been approved.

On January 17th, the China Securities Regulatory Commission issued a notice regarding the overseas issuance and listing of Shenzhen Xunce Technology Co., Ltd. and the "full circulation" filing of domestically unlisted shares. Xunce Technology plans to issue no more than 86,250,000 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. In addition, 34 shareholders of the company intend to convert a total of 244,481,106 domestically unlisted shares into overseas listed shares and list them for circulation on the Hong Kong Stock Exchange. According to the prospectus submitted on September 12, 2024, Xunce Technology is a well-known provider of real-time data infrastructure and analytics solutions in China. The company provides real-time information technology solutions covering data infrastructure and data analysis for enterprises in all industries, with a strategic focus on asset managers. The company's system integration services enhance its solutions, ensuring seamless deployment in customers' self-managed cloud environments or on-premises computing systems. Data infrastructure is classified into real-time and non-real-time categories based on processing mechanisms and efficiency. These classifications meet different data processing needs and are not interchangeable. Xunce Technology's product portfolio is all real-time, and based on 2023 revenue, the company ranks fourth in the Chinese real-time data infrastructure and analytics market with a market share of 3.4%.