VIEWTRIX TECH Initiates IPO Subscription from May 18 to 21, Anticipates Listing on May 27

Deep News05-18

VIEWTRIX TECH (03310) has commenced its initial public offering subscription period from May 18 to May 21, 2026. The company plans a global offering of 52.8592 million H shares. The Hong Kong public offering portion constitutes 10% (subject to reallocation), while the international offering portion makes up 90% (subject to reallocation). An over-allotment option of up to 15% is also available. The offer price is set at HK$20.81 per share, with a board lot size of 200 shares. The H shares are expected to commence trading on the Stock Exchange on May 27, 2026.

The company has entered into cornerstone investment agreements. Under these agreements, cornerstone investors (Digital Vista and SpreadCom) have agreed, subject to certain conditions, to subscribe for, or procure their respective designated entities to subscribe for, shares amounting to a total of HK$389 million. Based on the offer price of HK$20.81 per share, the cornerstone investors will subscribe for a total of 18.6928 million offered shares.

Assuming the over-allotment option is not exercised, and after deducting underwriting commissions and other estimated expenses related to the global offering, the company estimates net proceeds of approximately HK$997 million from the offering, based on the HK$20.81 offer price. The company intends to allocate the net proceeds as follows: approximately 47.0% will be used to support the research, development, and optimization of AMOLED TDDI chips and to expand their application scenarios; approximately 33.0% will be allocated to support the R&D and optimization of Micro-OLED and Micro-LED display driver backplanes; approximately 10.0% is earmarked for strategic investments or acquisitions to capitalize on future development opportunities; and approximately 10.0% will be used for working capital and other general corporate purposes, including daily operations and general corporate expenses. Should the over-allotment option be exercised in full, the company would receive additional net proceeds of approximately HK$157 million.

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