Longsys Electronics Nets HK$6.8 Billion in Hong Kong IPO

MT Newswires Live09-08 09:11

Shenzhen Longsys Electronics (HKG:9976, SHE:301308) will receive HK$6.8 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares below the maximum target.

The semiconductor company issued nearly 30 million H-shares at HK$236 apiece, lower than its guidance of as high as HK$240.60 each, according to a late Monday disclosure.

The offer size adjustment option was fully exercised, resulting in the issuance of an additional 3.9 million shares under the deal's international offering portion.

The Hong Kong public offering was 40.32 times subscribed, with 2.6 million shares allocated, while the international offering was 3.88 times subscribed, with roughly 27.4 million shares allocated.

Cornerstone investors, which included Lenovo Group (HKG:0992) and Ingenic Semiconductor (SHE:300223, HKG:3223), subscribed for $151.1 million worth of IPO shares. They were allotted 5.02 million shares.

Longsys Electronics is set to debut on the Hong Kong bourse on Tuesday, Sept. 8.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2665345419?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-08 09:11","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2665345419","market":"us","top_or_hot":-1,"title":"Longsys Electronics Nets HK$6.8 Billion in Hong Kong IPO","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/301308\">Shenzhen Longsys Electronics</a> (HKG:9976, SHE:301308) will receive HK$6.8 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares below the maximum target.</p><p>The semiconductor company issued nearly 30 million H-shares at HK$236 apiece, lower than its guidance of as high as HK$240.60 each, according to a late Monday disclosure.</p><p>The offer size adjustment option was fully exercised, resulting in the issuance of an additional 3.9 million shares under the deal's international offering portion.</p><p>The Hong Kong public offering was 40.32 times subscribed, with 2.6 million shares allocated, while the international offering was 3.88 times subscribed, with roughly 27.4 million shares allocated.</p><p>Cornerstone investors, which included Lenovo Group (HKG:0992) and <a href=\"https://laohu8.com/S/300223\">Ingenic Semiconductor</a> (SHE:300223, HKG:3223), subscribed for $151.1 million worth of IPO shares. They were allotted 5.02 million shares.</p><p>Longsys Electronics is set to debut on the Hong Kong bourse on Tuesday, Sept. 8.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Longsys Electronics Nets HK$6.8 Billion in Hong Kong IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLongsys Electronics Nets HK$6.8 Billion in Hong Kong IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-09-08 09:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/301308\">Shenzhen Longsys Electronics</a> (HKG:9976, SHE:301308) will receive HK$6.8 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares below the maximum target.</p><p>The semiconductor company issued nearly 30 million H-shares at HK$236 apiece, lower than its guidance of as high as HK$240.60 each, according to a late Monday disclosure.</p><p>The offer size adjustment option was fully exercised, resulting in the issuance of an additional 3.9 million shares under the deal's international offering portion.</p><p>The Hong Kong public offering was 40.32 times subscribed, with 2.6 million shares allocated, while the international offering was 3.88 times subscribed, with roughly 27.4 million shares allocated.</p><p>Cornerstone investors, which included Lenovo Group (HKG:0992) and <a href=\"https://laohu8.com/S/300223\">Ingenic Semiconductor</a> (SHE:300223, HKG:3223), subscribed for $151.1 million worth of IPO shares. They were allotted 5.02 million shares.</p><p>Longsys Electronics is set to debut on the Hong Kong bourse on Tuesday, Sept. 8.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0029875118.USD","symbol_name":"TEMPLETON ASIAN GROWTH \"A\" INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2665345419","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2665345419","pubTimestamp":1788829917,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Shenzhen Longsys Electronics (HKG:9976, SHE:301308) will receive HK$6.8 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares below the maximum target.The semi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"80992":"联想集团-R","301308":"江波龙","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","KCE":"SPDR KBW Capital Markets ETF","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU0048580855.USD":"富达大中华区A","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","BK1607":"新IT概念","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","BK1526":"科网股","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","IE0003895053.USD":"PINEBRIDGE ASIA DYNAMIC ASSET ALLOCATION \"AD\" USD  ACC","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC","BK4127":"投资银行业与经纪业","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","REDS":"RPM Republican Senate ETF","TCHI":"iShares MSCI China Multisector Tech ETF","LU0370786039.SGD":"Fidelity Greater China A-SGD","LU0049112450.USD":"FIDELITY PACIFIC \"A\" INC","LU0862451753.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD","LU0543330483.HKD":"TEMPLETON ASIAN GROWTH \"A\" (HKD) ACC","FRHC":"Euronext CAC Health Care","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","00992":"联想集团","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU0890818403.SGD":"JPMorgan Funds - Emerging Markets Dividend A (mth) SGD-H","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","BK0214":"IT设备","LU1235295612.USD":"FIDELITY PACIFIC \"A\" (USDHDG) INC","LU0791590937.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"A\" (USD)","LU0320764755.SGD":"FTIF - Templeton Asian Growth A Acc SGD","LU0791591158.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"I\" (USD) ACC","LU0128522157.USD":"TEMPLETON ASIAN GROWTH \"A\" ACC","LU0972618739.USD":"JPM TOTAL EMERGING MARKETS  \"A\" (USD) INC (M)","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","IPOS":"Renaissance International IPO ETF","LU1785774172.SGD":"JPM TOTAL EMERGING MARKETS INCOME \"A\" (SGD) INC","BK1193":"电脑硬件、储存设备及电脑周边","LU0862451837.USD":"JPM EMERGING MARKETS DIVIDEND \"A\" (USD) INC (M)","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU1046422090.SGD":"Fidelity Pacific A-SGD","09976":"江波龙","LNVGY":"联想集团ADR","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC"},"translate_title":"龙思电子在香港IPO中净赚68亿港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"80992":0.6,"301308":0.9,"FRHC":1.5,"00992":0.9,"IPOS":1.5,"09976":0.9,"KCE":1.5,"REDS":1.5,"LNVGY":0.6,"TCHI":0.6},"content_text":"Shenzhen Longsys Electronics (HKG:9976, SHE:301308) will receive HK$6.8 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares below the maximum target.The semiconductor company issued nearly 30 million H-shares at HK$236 apiece, lower than its guidance of as high as HK$240.60 each, according to a late Monday disclosure.The offer size adjustment option was fully exercised, resulting in the issuance of an additional 3.9 million shares under the deal's international offering portion.The Hong Kong public offering was 40.32 times subscribed, with 2.6 million shares allocated, while the international offering was 3.88 times subscribed, with roughly 27.4 million shares allocated.Cornerstone investors, which included Lenovo Group (HKG:0992) and Ingenic Semiconductor (SHE:300223, HKG:3223), subscribed for $151.1 million worth of IPO shares. They were allotted 5.02 million shares.Longsys Electronics is set to debut on the Hong Kong bourse on Tuesday, Sept. 8.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.49.0","shortVersion":"4.49.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2665345419","isCrawlerRequest":true}