SUNMI TECH-W
| Register Close | 2026/04/24 IPO Closing in 2 Days |
| Listing Date | 2026/04/29 |
| Register Close | 2026/04/24 IPO Closing in 2 Days |
| Listing Date | 2026/04/29 |
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.
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | Global |
| Board Lot | 100 |
| No. of Offer Shares | 42.63M H shares |
| No. of International Offer Shares | 38.36M H shares |
| No. of HK Offer Shares | 4.26M H shares |
| Offer Price | $24.86 |
| Stock Code | 6810 |
| 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 |
| Application Period | Apr 21 (Tue) - noon, Apr 24 (Fri) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Apr 28 (Tue) |
| Result Announcement Date | On or before Apr 28 (Tue) |
| Result Announcement Date | On or before Apr 29 (Wed) |
| Dealings in Shares commence on | Apr 29, 2026. (Wed) |
| Offer Price | $24.86 |
| Capitalization (H Shares) | 7.56B |
| NAV / share ($) | $8.11 (Unaudited pro forma adj NAV / share) |
| 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 |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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