IPO News | Dipu Technology (01384) overbought more than 7,590 times and ranked first in the history of the Hong Kong Stock Exchange Main Board

The Zhitong Finance App learned that Dipu Technology (01384), a Chinese enterprise-level large-scale model artificial intelligence (AI) application provider, offered shares from October 20 to 23. According to market sources, Dipu Technology's market subscription ratio has exceeded 7,590 times, involving HK$272.1 billion, with 239,000 subscribers, ranking first in the history of the Hong Kong Stock Exchange's main board.

Dipu Technology applied for listing in accordance with the listing rules 18C Special Technology Company Regulations. It plans to issue 26.632 million H shares, 5% of which will be publicly offered in Hong Kong. The offering price is HK$26.66 per share, raising HK$710 million in capital. Dipu Technology has 200 shares per lot, and the entry fee for the first hand is HK$5385.8. Dipu Technology is expected to be listed for sale on October 28. CITIC Securities, Civil Bank Capital, Cathay Pacific Junan International, SPDB International, and BOC International are co-sponsors.

According to the prospectus, Dipu Technology focuses on providing enterprises with enterprise-level large-scale artificial intelligence application solutions to help enterprises efficiently integrate data, decisions and operations on a large scale. The two major infrastructures of Dipu Technology's FastData Foil data fusion platform and Deepexi's enterprise-level large model platform enable the deployment and implementation of Agentic artificial intelligence applications in enterprises. In terms of revenue in 2024, Dipu Technology ranked fifth in the Chinese market for enterprise-level large model artificial intelligence application solutions, with a market share of 4.2%.

Dipu Technology's solutions help companies in various industries optimize decision-making, improve operational efficiency, and increase productivity. The company has achieved large-scale commercialization in many vertical industries, including consumer retail, manufacturing, medical care and transportation. As of June 30, 2025, the company provided services to a total of 283 enterprise users in various industries, of which 94 were repurchased customers, accounting for 33.2% of the customer base, showing a high level of customer stickiness and customer satisfaction.