New Stock News | Shenzhen Longsys Electronics (09976) has attracted over HK$17 billion in margin subscriptions, with an oversubscription rate of 26 times, bringing in cornerstone investors such as Transsion and Lenovo.

Shenzhen Longsys Electronics (09976) will be offering shares from August 31 to September 3, planning to issue 26.078 million H-shares, with 10% available for public sale in Hong Kong. The maximum offer price is set at HKD 240.6 per share, aiming to raise up to HKD 6.27 billion. Each lot consists of 50 shares, leading to a minimum entry fee of HKD 12,151.3. Market data indicates that Shenzhen Longsys Electronics will close its subscription on September 3, with the public offering portion recording HKD 17.05 billion in margin subscriptions, which represents an oversubscription of 26.2 times against a public fundraising target of HKD 630 million. The company is expected to go public on September 8, with CITIC SEC and Citi acting as joint sponsors. According to the prospectus, Shenzhen Longsys Electronics is a leading independent semiconductor memory manufacturer globally. Based on the company's vertically integrated capabilities in master control chip and memory chip design, firmware development, system-level packaging, and testing, Shenzhen Longsys Electronics designs, develops, manufactures, and sells a complete range of memory products tailored for edge AI and traditional consumer, enterprise, and industrial applications. According to data from AFSI, based on the revenue of memory products in 2025, Shenzhen Longsys Electronics is the second largest independent semiconductor memory manufacturer among over 100 market players globally and the largest among more than 30 participants in China. By 2025, Shenzhen Longsys Electronics is expected to hold a 1.2% share of the global memory product market, which is significant given the large scale of the industry. Shenzhen Longsys Electronics brands include: FORESEE (primarily serving the B2B market), Zilia (primarily serving the Latin American B2B market), and Lexar (primarily serving the high-end B2C market), collectively driving balanced growth in both enterprise and consumer markets. Shenzhen Longsys Electronics has introduced cornerstone investors including Transsion International Limited, Yufeng, CITIC Asset Management Hong Kong, AHGO SPC, Lenovo, Lens Technology Hong Kong, Hong Kong Junzheng, JuYuan International, Rainbow Technology, Hong Kong Hongxin Universe, Huadeng Technology, Wind Sabre, Jiangsu Evergreen New Material Technology Incorporated, and SDMC Hong Kong, with a total investment of USD 150 million (approximately HKD 1.19 billion).