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IPO Detail
09976 江波龍
LONGSYS
Listing Date2026/09/08    Listing Tomorrow
Listing Price236.000
Grey Market Performance
Last updated: 07/09/2026 19:59  Refresh
  • Bright Smart
    down 233.400 -2.600 (-1.102%)
    High
    236.000
     
    Low
    230.000
    Volume
    11,150
    One Lot Profit
    -130.00
  • Phillip
    down 234.400 -1.600 (-0.678%)
    High
    236.000
     
    Low
    230.400
    Volume
    315,000
    One Lot Profit
    -80.00
  • Futu
    down 235.200 -0.800 (-0.339%)
    High
    237.000
     
    Low
    228.000
    Volume
    273,200
    One Lot Profit
    -40.00
  • Bid
  • Ask
  • 233.200
  • (2) 500
  • 100 (1)
  • 233.400
  • 233.000
  • (1) 1.7K
  • 0 (0)
  • 233.600
  • 232.800
  • (0) 0
  • 0 (0)
  • 233.800
  • 232.600
  • (0) 0
  • 0 (0)
  • 234.000
  • 232.400
  • (3) 200
  • 0 (0)
  • 234.200
  • 232.200
  • (2) 450
  • 0 (0)
  • 234.400
  • 232.000
  • (0) 0
  • 0 (0)
  • 234.600
  • 231.800
  • (0) 0
  • 0 (0)
  • 234.800
  • 231.600
  • (0) 0
  • 300 (2)
  • 235.000
  • 231.400
  • (0) 0
  • 50 (1)
  • 235.200
  • Bid
  • Ask
  • 234.400
  • (6) 700
  • 150 (2)
  • 234.800
  •  
  • (10) 6.65K
  • 600 (4)
  •  
  •  
  • (20) 18.2K
  • 200 (3)
  •  
  •  
  • (5) 400
  • 5.95K (7)
  •  
  •  
  • (6) 3.85K
  • 1.5K (4)
  •  
 
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COMPANY PROFILE

According to CIC, the Group is the ninth largest memory product enterprise worldwide, the second largest independent semiconductor memory product enterprise worldwide among more than 100 market players and the largest independent memory product enterprise in China among more than 30 market players, in terms of revenue from memory products in 2025. The Group currently owns and operates three primary brands - FORESEE, Zilia and Lexar.

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Founded in 1999, the Group expanded from trading semiconductor memory products to developing its own memory products and building back-end manufacturing expertise, and further into core competencies such as controller and memory chip design, firmware development, packaging and testing capacities.

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The Group currently focuses on the sales of consumer grade products. Its consumer grade products are primarily designed for use in mass-market consumer electronics, such as smartphones, tablets, computers and wearable devices. Its non-consumer grade products comprise enterprise-grade and industrial-grade products. Its enterprise grade products are used in enterprise servers and data centers, where end customers include cloud service providers, internet companies and telecommunication operators that require high performance, high-reliability and large-scale storage solutions.

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As of April 30, 2026, the Group have five R&D centers in Shanghai, Chengdu, Shenzhen and Zhongshan in China and Campinas in Brazil. It held 645 granted patents.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureIT Hardware
Major Business AreaAsia Pacific
Board Lot50
GLOBAL OFFERING
No. of Offer Shares26.08M H shares
No. of International Offer Shares23.47M H shares
No. of HK Offer Shares2.61M H shares
Offer Price$240.60
Stock Code9976
Sponsor(s)CITIC Securities (Hong Kong) Limited, Citigroup Global Markets Asia Limited
Underwriter(s)CLSA Limited, Citigroup Global Markets Asia Limited, China Securities (International) Corporate Finance Company Limited, ABCI Securities Company Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited
TIME TABLE
Application PeriodAug 31 (Mon) - noon, Sep 03 (Thu)
Price Determination DateSep 04 (Fri)
Result Announcement DateOn or before Sep 07 (Mon)
Result Announcement DateOn or before Sep 07 (Mon)
Result Announcement DateOn or before Sep 08 (Tue)
Dealings in Shares commence onSep 08, 2026. (Tue)
Reallocation of Shares Offered
Sales Statistics (HKD)
Offer Price$240.60
Capitalization204.63B
NAV / share ($)$48.63 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 240.6, the net proceeds raised would be HKD 6.02B, of which
78.3% : Enhancing independent R&D and innovation capabilities in key areas, including chip design and advanced memory product development
11.7% : Strategic investments and acquisition
10% : Working capital
IPO NEWS
07/09/2026 18:35
{New Stock}LONGSYS(09976) ends down 0.68% on grey market
07/09/2026 16:20
{New Stock}LONGSYS down 1.61% at HK$232.2 on grey market
Related Document
Prospectus Prospectus  Chinese VersionProspectus  English Version
Remark： The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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