New stock news | Cool Satellite Intelligent Hong Kong stock IPO prospectus invalidated

Coolpad Smart Technology Co., Ltd. (referred to as Coolpad Smart) submitted its Hong Kong IPO prospectus on June 25, which expired on December 25, six months later, with CITIC SEC as its exclusive sponsor at the time of submission. According to the earlier prospectus, Coolpad Smart is a leading global smart technology company that provides a one-stop solution for product definition, research and development, supply chain management, manufacturing, and after-sales service. During the reporting period, the company's revenue came from more than 70 countries or regions, including Asia, the Americas, Europe, Oceania, and Africa. As an enabler behind local brands, the company is a driving force for global local brands and an executor of innovative groundings, symbolizing the strength of China's manufacturing industry. According to Frost & Sullivan data, by 2024, based on shipments, the company is the world's second-largest end-to-end solution provider for local smart phone brands; in the first quarter of 2025, the company rose to the top.