Yikong Zhijia Technology Co., Ltd. (07687) commenced its public offering on June 29, 2026, with an expected listing date of July 8 on the main board of the Hong Kong Stock Exchange.

The IPO involves a global offering of 26,132,000 shares, with a price range set between HK$81.16 and HK$87.92 per share.

The offering is anticipated to raise total proceeds of approximately HK$2.121 billion to HK$2.298 billion.

According to its prospectus, the company holds the leading position in China's commercial vehicle intelligent driving market by revenue and has begun expanding its operations overseas.

The offering is supported by a prestigious group of cornerstone investors, including Zijin Mining, XCMG Group, Fidelity International, J.P. Morgan, Barings, Indus, Jain Global, Regal, GF Fund, CDH Investments, and Seven Grand.

These eleven institutional investors have collectively subscribed for shares, representing a subscription ratio of approximately 50%, reaching the upper limit for cornerstone placements.

This investor base spans global industry leaders, top-tier international long-term capital and multi-strategy funds, and prominent Chinese capital.

The net proceeds from the offering will be primarily used to enhance the adaptability of the company's technology to meet development demands driven by industry trends.