On May 27, Deep Intelligent (02723.HK) surged 195.5% in regular trading on its IPO debut day, trading at HKD 186.0 per share, with trading volume of HKD 264 million. The stock was priced at HKD 55.5 per share at the upper end of the offering range.
The explosive first-day performance was driven by unprecedented demand during the subscription period. The Hong Kong public offering was oversubscribed 5,480.23 times, with margin subscriptions reaching approximately HKD 204.19 billion — among the highest levels seen in the Hong Kong new share market in recent years. The company issued 9.068 million H shares globally, raising net proceeds of approximately HKD 465 million. International placement was oversubscribed 3.41 times.
The company is positioned as the first listed enterprise decision AI agent stock in Hong Kong. Its flagship platforms AlphaDesk and AlphaData provide intelligent ad placement and data management services respectively, while its newly launched DeepAgent product integrates open-source large language models to further enhance marketing automation and efficiency.
Deep Intelligent is a leading decision AI technology company in China, providing AI-powered applications focused on marketing and sales scenarios, enabling enterprises to achieve intelligent and automated decision-making in marketing and sales operations.
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