New stock news | The IPO of Imagination 3D (03388) has ended with a total subscription amount of 350.9 billion Hong Kong dollars, oversubscribed by 2541.6 times.

Known as the "first stock of consumer-grade 3D printing", XYZ Printing (03388) started its IPO from May 20th to May 26th, 2026, and the latest IPO has ended. According to market reports, as of the morning of May 26th, the public portion received 350.99 billion HKD in subscriptions, with a public fundraising of 138 million HKD, oversubscribed by 2541.6 times. XYZ Printing plans to issue 73.428 million H shares, with 10% sold publicly in Hong Kong at a price of 18.8 HKD per share, raising 1.38 billion HKD. Each board lot of XYZ Printing consists of 150 shares, with an initial fee of 2848.4 HKD. XYZ Printing is expected to be listed for trading on May 29th, with CICC as the sole sponsor. Regarding pre-IPO investors, Frontsea Equity Investment Fund is the largest institutional shareholder, holding 5.8% of the shares; Deep Innovation + Nanshan Red Soil together hold 4.4% of the shares; Tencent Investment holds 2.2% of the shares. In this IPO, XYZ Printing has brought in Taikang Life, CITIC's Citic Xingye International, CPE Greater China, Martis Fund, Boyue Fund, GBAHIL, Apex, Oasis Fund, Jump Trading, Polymer, Dingxin Securities, Colloway, Seven Grand, ICSA, and Optimas Capital as cornerstone investors, with a total subscription amount of 560 million HKD. According to the prospectus, the company is a global provider of consumer-grade 3D printing products and services. Its products and services include 3D printers, 3D printing consumables, 3D scanners, laser engraving machines, accessories, and others, as well as various services provided through XYZ Cloud (a platform dedicated to 3D printing content). In addition, the company launched Nexbie in August 2025, an overseas e-commerce platform focusing on 3D creative products. The company's full-scale 3D printing products and services matrix empower each other. During the creation process, users usually combine 3D printing with 3D scanning, laser engraving, to achieve a more comprehensive solution. The company aims to promote repeat purchases by providing one-stop purchasing services and facilitating continuous traffic conversion between products and services, thereby enhancing customer loyalty to the company's products and services. Additionally, customers who purchase the company's products will be guided to XYZ Cloud and Nexbie platform, which not only increases user engagement but also helps in product discovery. The company's sales model combines direct sales and distribution. Through direct sales, the company can establish direct contact with individual and corporate users. On the other hand, the company collaborates with distributors to resell products to customers. As of December 31, 2025, the company has built a sales network covering approximately 140 countries and regions globally. This network consists of 81 online stores of the company, 2,422 domestic and foreign distributors, and sales teams. Financially, in the fiscal years 2023, 2024, and 2025, the company's revenue was approximately 1.883 billion RMB, 2.288 billion RMB, and 3.127 billion RMB respectively. During the same period, the company's annual net profit was approximately 129 million RMB, 88.66 million RMB, and -182 million RMB respectively.