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IPO Detail
06810 商米科技-W
SUNMI TECH-W
Register Close2026/04/24    IPO Closing in 2 Days
Listing Date2026/04/29
COMPANY PROFILE

Shanghai Sunmi Technology Co. is a leading global Business Internet of Things (BIoT) solution provider. The Group’s disruptive solutions integrate smart hardware, software, and data insights to enable the digital transformation of a vast array of offline commercial scenarios, streamlining essential business operations such as payments, membership management, order fulfilment, inventory control, and workforce management.

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Today, the Group is the largest Android-based BIoT solution provider in the world in terms of revenue in 2024, with a market share of over 10%, according to the report. The Group has served over 70% of the world’s top 50 food and beverage enterprises. In China, the Group has achieved over 70% coverage among top 100 food and beverage brands and over 60% coverage among top 100 chain stores.

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The Group’s BIoT solutions mainly include smart devices and BIoT PaaS platform, each of its smart devices is powered by its proprietary operating system, namely SUNMI OS. As of December 31, 2025, the Group’s solutions were deployed in over 200 countries and geographic regions, covering more than 90% of the world’s markets, including all G20 countries.

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The Group’s customers are mainly merchants and businesses of all sizes in different business verticals and geographies and it generate its revenue predominantly from sales of its BIoT solutions mainly including smart devices.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureSoftware & Services
Major Business AreaGlobal
Board Lot100
GLOBAL OFFERING
No. of Offer Shares42.63M H shares
No. of International Offer Shares38.36M H shares
No. of HK Offer Shares4.26M H shares
Offer Price$24.86
Stock Code6810
Sponsor(s)Deutsche Securities Asia Limited, CITIC Securities (Hong Kong) Limited, ABCI Capital Limited
Underwriter(s)Deutsche Bank AG, Hong Kong Branch, CLSA Limited, ABCI Securities Company Limited, CMB International Capital Limited, Shenwan Hongyuan Securities (H.K.) Limited, Yue Xiu Securities Company Limited, Yellow River Securities Limited, Tiger Brokers (HK) Global Limited, Futu Securities International (Hong Kong) Limited, Tianda Securities Limited, Webull Securities Limited, West Bull Securities Limited, Yuen Meta (International) Securities Limited, Livermore Holdings Limited
TIME TABLE
Application PeriodApr 21 (Tue) - noon, Apr 24 (Fri)
Price Determination Date--
Result Announcement DateOn or before Apr 28 (Tue)
Result Announcement DateOn or before Apr 28 (Tue)
Result Announcement DateOn or before Apr 29 (Wed)
Dealings in Shares commence onApr 29, 2026. (Wed)
Reallocation of Shares Offered
Sales Statistics (HKD)
Offer Price$24.86
Capitalization (H Shares)7.56B
NAV / share ($)$8.11 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 24.86, the net proceeds raised would be HKD 908.70M, of which
40% : Research and development of BIoT hardware and software solutions
30% : Strengthen supply chain and manufacturing operations
20% : Global market expansion initiatives
10% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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