UISEE TECH (01511) has completed its public subscription. Market data indicates that the public offering portion attracted approximately HK$203.5 billion in margin financing subscriptions. With a public offering size of HK$43.6 million, this represents an over-subscription of approximately 4666.4 times. The subscription period for UISEE TECH ran from May 12 to May 15. The company issued 14.461 million H shares, with 5% offered to the public in Hong Kong. The offer price was set at HK$60.3 per share, aiming to raise approximately HK$870 million. Each board lot consists of 50 shares, with an entry cost of HK$3,045.4 per lot. UISEE TECH is expected to list on May 20, with CITIC Securities acting as the sole sponsor. According to the prospectus, UISEE TECH is a leading technology-driven enterprise in Greater China, focusing on Level 4 (L4) unmanned autonomous driving technology. The company currently concentrates on commercial vehicles in closed environments, particularly at airports and industrial parks. Its solutions are designed for universal application across various open and closed scenarios, covering logistics, operations, and motor vehicles, and encompassing autonomous driving levels from L2 to L4. The company's core products include providing autonomous driving solutions to enterprise clients such as airports and industrial parks, as well as to commercial vehicle and passenger car manufacturers. These solutions consist of commercial vehicles equipped with L4 autonomous driving capabilities, autonomous driving kits, software solutions, and leasing services. The company's L4 vehicles are designed to operate without an on-board safety operator, enabling fully driverless functionality in applicable scenarios. During the track record period, the company primarily generated revenue from mainland China and Hong Kong. Financially, for the 2023, 2024, and 2025 fiscal years, the company reported revenues of approximately RMB 161 million, RMB 265 million, and RMB 328 million, respectively. During the same periods, it recorded gross profits of approximately RMB 78.817 million, RMB 116 million, and RMB 168 million, corresponding to gross profit margins of 48.8%, 43.7%, and 51.1%, respectively.