New stock first day | Shangmi Technology-W(06810) first listed in early trading, opening up 292.2% The company is the global commercial internet of things NETDRAGON leader.

Smartmi Technology-W (06810) debuts on the stock market, with an announcement showing that each share is priced at HK$24.86, issuing a total of 42.268 million shares, with 100 shares per lot, totaling approximately HK$9.22 billion in net proceeds. As of the time of writing, the stock has risen by 292.2%, reaching HK$97.5, with a trading volume of HK$5.6 billion. Public information shows that Smartmi Technology is the world's largest provider of commercial IoT infrastructure. As a leader in global Android terminal commercial IoT (BIoT), Smartmi Technology was the first to launch the industry's first PaaS platform "Smartmi Plus Program," which consists of over 1000 modules covering more than 20 vertical areas. According to data from Zhaoshi Consultancy, based on revenue projections for 2024, Smartmi Technology holds a market share of over 10% in the global Android terminal BIoT market, ranking first worldwide. Currently, Smartmi Technology serves around 64,000 global commercial partners, with a coverage rate of over 70% among China's top 100 catering brands and over 60% among the top 100 chain stores. Behind its strong market penetration capabilities is the long-term support of top-tier capital from Ant Group, Meituan, Xiaomi Technology, and other top investors, with the three major venture capital shareholders collectively holding over 43% of the shares.