DEEPZERO Launches Hong Kong IPO: Timeline, Price Range, and Key Investor Details

Hong Kong IPOs typically allow several days for retail and institutional demand to be collected before pricing and allocation are finalized ahead of the listing.

Offer size and allocation

DEEPZERO plans to issue 9.068 million H shares as part of a global offering structure.

The shares are divided into two tranches:

• Hong Kong public offering: 10% of the shares
• International offering: 90% of the shares

This 10/90 split is common in Hong Kong IPOs. Retail investors in Hong Kong apply through the public tranche, while global institutional investors typically participate through the international tranche.

Offer price range

The company has set an indicative price range of:

• HK$43.50 to HK$55.50 per H share

Using the midpoint of HK$49.50 per share, the offering would raise around HK$449 million in gross proceeds before underwriting fees and listing expenses.

Board lot size and minimum investment

DEEPZERO shares will trade in board lots of 100 shares, which is the standard trading unit on the Hong Kong exchange.

At the top end of the price range, the minimum application amount is approximately HK$5,605.97, including brokerage and regulatory transaction levies typically applied to Hong Kong IPO subscriptions.

Company background

Headquartered in Beijing, DeepZero Technology develops decision‑AI technology for marketing and business optimization. Its tools focus on helping companies analyze data, automate marketing decisions, and improve customer acquisition efficiency.

The company filed its listing prospectus with the Hong Kong Stock Exchange as part of its effort to expand financing channels and support growth in AI‑driven marketing services.

Why the market is watching

Although the offering is relatively modest in size compared with major technology listings, it arrives during a period when AI companies from mainland China are increasingly choosing Hong Kong as a capital‑raising venue.

For investors, attention will likely center on:

• Where the final IPO price is set within the HK$43.50–HK$55.50 range
• Demand levels in the institutional tranche
• How DEEPZERO’s valuation compares with other AI‑focused companies listing in Hong Kong

Those factors will help determine how the stock performs when trading is expected to begin on 27 May 2026.