SUNMI TECH-W Debuts with 275.5% Surge in Early Trading, Firm is Global Leader in Android-Based Commercial IoT

Deep News04-29

SUNMI TECH-W (06810) made its market debut today. According to the company's announcement, the issue price was set at HKD 24.86 per share. A total of 42,626,800 shares were issued, with a board lot size of 100 shares. The net proceeds from the offering amounted to approximately HKD 922 million. At the time of writing, the stock price had surged by 275.50% to HKD 93.35, with a turnover of HKD 744 million.

Public information indicates that SUNMI TECH is the world's largest provider of commercial Internet of Things (IoT) infrastructure. As the global leader in Android-based Commercial IoT (BIoT), SUNMI TECH pioneered the industry's first PaaS platform, the "SUNMI Mini Program." This low-code modular platform consists of over 1,000 modules and serves more than 20 vertical industries. According to data from CIC, SUNMI TECH held over 10% of the global Android-based BIoT market share by revenue in 2024, ranking first worldwide.

Currently, SUNMI TECH serves approximately 64,000 commercial partners globally. Its solutions cover over 70% of the top 100 catering brands in China and more than 60% of the top 100 chain stores in the country.

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