AI marketing service provider DEEPZERO (02723) concluded its public share offering, which ran from May 18 to May 21, 2026. Market information indicates the offering was heavily oversubscribed, with margin financing from brokers reaching HKD 204.19 billion. Based on a public offering size of HKD 50.33 million, this represents an oversubscription of approximately 4,056 times.

The company plans a global offering of 9.068 million H shares. The Hong Kong public offering portion accounts for 10% of the total, which may be reallocated, while the international offering portion accounts for 90%, also subject to reallocation. The price range has been set between HKD 43.5 and HKD 55.5 per share, with a board lot size of 100 shares. The minimum investment required for one board lot is approximately HKD 5,606. The offering aims to raise up to HKD 500 million in total capital.

DEEPZERO is scheduled to commence trading on the Hong Kong Stock Exchange on May 27 (next Wednesday). ICBC International is acting as the sole sponsor for the listing.

Founded in 2009, DEEPZERO is among China's earliest companies to apply AI technology to the digital transformation of enterprise marketing and sales. The company provides intelligent marketing services through its proprietary AI application products. During its track record period, services were delivered primarily through two flagship platforms: AlphaDesk for intelligent advertising placement and AlphaData for intelligent data management. By integrating AI technology with business scenarios, the company has established a product foundation based on technology, data intelligence, and industry expertise.

In addition to its existing flagship platforms, the company launched DeepAgent in 2025. This suite of enterprise AI agent products interfaces with open-source large language models (LLMs) to further enhance marketing automation and efficiency.

Financially, for the years 2023, 2024, and 2025, the company reported revenues of approximately RMB 611 million, RMB 538 million, and RMB 577 million, respectively. Net profits for the same periods were approximately RMB 60.658 million, RMB 21.52 million, and RMB 9.177 million, respectively.

According to the company's business strategy, the net proceeds from the global offering are intended for the following purposes: approximately 50.0% will be allocated to the ongoing research and development of its AI application products for marketing and sales; about 20.0% will be used to expand its sales network; roughly 20.0% is earmarked for selective strategic acquisitions to strengthen its AI application products for marketing and sales; and the remaining 10.0% will be utilized for working capital and other general corporate purposes.