New stock news | Extreme Vision (06636) concludes its IPO with reported oversubscription of 4596 times, involving a total of HK$115.8 billion.

AI computer vision algorithm provider Extreme Vision (06636) conducted an initial public offering from March 20 to 25, with subscriptions closing at noon on Wednesday (25th). Market sources indicate that the company received 159,000 subscriptions for its public offering, oversubscribing by 4596 times, making it the 5th most oversubscribed new stock of the year, involving HK$115.8 billion. According to the IPO plan, the company plans to issue 12.48 million H-shares, with 5% for public offering in Hong Kong and the rest for international allocation. The offer price is HK$40 per share, raising HK$499 million. Extreme Vision is offering 50 shares per lot, with an entry fee of HK$2020.16. The shares are expected to debut on March 30, with CITIC SEC being its exclusive sponsor. Extreme Vision has entered into cornerstone investment agreements with China International Capital Corporation and GKI, with cornerstone investors agreeing to subscribe for a certain number of shares at the offering price, totaling HK$47.2 million. Extreme Vision Technology is a Chinese AI computer vision solution provider, offering end-to-end solution development, deployment, and management services to various industries. According to Frost & Sullivan data, the company ranks eighth in China's emerging enterprise-level computer vision solution market based on projected revenue for 2024. As of September last year, Extreme Vision's AI computer vision algorithm marketplace displayed 1,517 algorithms covering over 100 industries. The company is also focused on continuous development and expansion of applications for AI computer vision solutions. By September last year, it had established a global community of tens of thousands of AI algorithm developers and served over 3,000 customers, providing a robust infrastructure platform and comprehensive AI computer vision solutions to help companies achieve digital transformation. The company provides solutions to clients in various vertical industries such as industrial, energy, retail, and transportation. During the reporting period, most of the company's customers were from China, including enterprises, government entities, and universities. In terms of finances, Extreme Vision's revenue is projected to be approximately RMB 102 million, RMB 128 million, and RMB 257 million in 2022, 2023, and 2024 respectively, with RMB 136 million for the nine months ending September 30, 2025. During the same period, the company recorded losses of approximately RMB 60.72 million, RMB 56.24 million, profits of RMB 8.708 million, and losses of RMB 36.296 million respectively. As for the use of net proceeds, the company plans to allocate 60% to enhance research and development capabilities, 30% to improve commercialization capabilities, and the remaining funds for operating capital and general corporate purposes.