Four financial subsidiaries have received “big investment opportunities”; which institutions frequently appear in hard-tech IPOs
The IPO results of Suiyuan Technology on the Sci-Tech Innovation Board have been announced. A total of 6.119 billion yuan was raised through offline and online bidding.
Suiyuan Technology (688801.SH) officially completed its IPO on September 7, raising a total of 6.119 billion yuan. The issue price was 142.18 yuan per share, with 43.035173 million shares issued. The final odds of winning were 0.02455315%. Among them, online investors subscribed for 10.311626 million shares, while offline investors purchased 24.099639 million shares. The company has long focused on the research and development of cloud AI chips, having iterated four generations of architectures and built full-stack technical capabilities. By the end of 2025, R&D personnel accounted for 76.73% of the total workforce, with cumulative R&D expenditures of 3.676 billion yuan over the past three years. In the offline allocation phase, 52 products from 4 bank financial subsidiaries—Everbright Finance, Ningyin Finance, Zhongyou Finance, and Xingyin Finance—were allocated to Suiyuan Technology shares, with a total of over 170,000 shares, equivalent to nearly 24.47 million yuan. Everbright Finance and Ningyin Finance accounted for over 90% of the shares. Currently, 13 financial companies have registered as offline investors, and industry experts believe that…
The IPO results of Suiyuan Technology on the Sci-Tech Innovation Board have been announced. A total of 6.119 billion yuan was raised through offline and online bidding.
Coverage · reports per dayLANGUAGE SPLIT
Entity relations
Integrated timelineUNIFIED TIMELINE
2026-09-07
IPO results of Suiyuan Technology on the Sci-Tech Innovation Board announced
The results of the Sci-Tech Innovation Board IPO were officially announced in the evening. The total amount of funds raised was 6.119 billion yuan, with an issuing price of 142.18 yuan/share. After the reallocation mechanism was activated, 10.311626 million shares were subscribed online and 24.099639 million shares were subscribed offline. The final odds of winning were 0.02455315%.
On the evening of September 7, Suiyuan Technology (688801.SH) officially announced the issuance results, with a total fundraising amount of 6.119 billion yuan. The issue price was 142.18 yuan per share, and the number of shares issued was 43.035723 million shares. Among them, online investors subscribed for 10.311626 million shares, and offline investors subscribed for 24.099639 million shares. The final winning rate was 0.02455315%. The company has long focused on the development of cloud AI chips and related products. It has independently developed and iterated four generations of architectures and five cloud AI chips, and has built full-stack technical capabilities. By the end of 2025, the proportion of R&D personnel reached 76.73%, and the cumulative R&D investment from 2023 to 2025 amounted to 3.676 billion yuan. In response to the global trend of increasing AI capital expenditure, the company adopted a strategy of “priority on single breakthroughs, followed by leveraging these breakthroughs to drive broader development.” It took the lead in establishing long-term strategic cooperation with Tencent. From 2023 to 2025, the company’s revenue levels were 301 million yuan, 7…