Tech Inc. (06082) has attracted a strong demand for its IPO, with oversubscribed share offerings exceeding HKD 38 billion, oversubscribed by over 1500 times.
The total amount of funds raised by the Wall Street Technology IPO has reached approximately 384.79 billion Hong Kong dollars, oversubscribed by 1583.50 times.
On December 29th, the IPO of Bitrue Technology, known as the "first stock of GPU in Hong Kong", ended. According to data compiled by Futu Securities, Bitrue Technology (06082) has received a subscription amount of approximately 384.379 billion Hong Kong dollars, oversubscribed by 1583.50 times. Bitrue Technology issued 247.69 million shares this time, with an offer price range of HK$17.00 to HK$19.60 per share, and is expected to raise approximately HK$4.21-4.85 billion. The pricing results will be announced on December 30th. Bitrue Technology will not only be the largest fundraising IPO in Hong Kong since the implementation of Chapter 18C listing rules, but also the first IPO on the Hong Kong market in 2026. According to the announcement, Bitrue Technology will be listed on January 2, 2026.
Bitrue Technology has a luxurious lineup of cornerstone investors. According to the global offering document, Bitrue Technology's IPO this time has introduced 23 cornerstone investors including Qiming Venture Partners, Ping An Life, LionGlobal, etc., with a total subscription amount of approximately HK$2.899 billion, accounting for nearly 64% of the global offering size.
The prospectus shows that Bitrue Technology is a leading domestic provider of general-purpose intelligent computing solutions, with revenue growing from RMB 499,000 in 2022 to RMB 337 million in 2024, with a compounded annual growth rate of 2500%. As of December 15, 2025, Bitrue Technology's order backlog amounted to approximately RMB 1.241 billion.
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