Company: Shanghai Longcheer Technology Co., Ltd.

Date of Prospectus: January 14, 2026

Shanghai Longcheer Technology IPO: Comprehensive Investor Analysis, Offer Details, and Listing Outlook

Shanghai Longcheer Technology Co., Ltd. (HKEX: 9611) has launched one of the most watched Hong Kong IPOs of 2026, offering a significant opportunity in the fast-evolving tech device sector. This deep-dive covers everything investors need to know—offer structure, pricing, allocations, financials, risk, and what to expect on listing day—based exclusively on the official disclosures.

IPO Snapshot: Shanghai Longcheer Technology (HKEX: 9611)

Shanghai Longcheer Technology Co., Ltd. is conducting a global offering of its H Shares on the Main Board of the Hong Kong Stock Exchange under the stock code 9611. The IPO is structured to attract a wide base of investors, including institutional, retail, and employees, with robust mechanisms for price stabilization and oversubscription management.

The offer price will be set by reference to the closing price of the A Shares on the Shanghai Stock Exchange on or before the Price Determination Date and will not exceed HK\$31.00 per H Share. Applicants must pay the maximum price plus brokerage, SFC and AFRC levies, and Stock Exchange fees on application, with refunds if the final offer price is lower [[2]][[4]][[6]].

Use of Proceeds: Growth-Driven Expansion

Funds raised will be allocated to strategic initiatives, with details to be confirmed at final pricing. The prospectus signals a focus on **growth and expansion**, as indicated by the inclusion of an employee reserved tranche and the overall scale of the offering. The presence of an employee preferential component implies a commitment to talent retention and long-term business development [[2]][[5]].

Offer Structure and Allocations

The IPO is split between Hong Kong Public Offering and International Offering:

• Hong Kong Public Offering: 5,226,000 H Shares (10% of total, subject to reallocation up to 15% if oversubscribed)
• International Offering: 47,033,100 H Shares (90% of total, of which up to 5,225,000 are Employee Reserved Shares)
• Over-allotment Option: Up to 7,838,800 H Shares (15% of offer)

The **allocation between tranches is flexible**. If the Hong Kong Public Offering is oversubscribed, up to 2,612,800 shares (5% of the total offer) may be reallocated from the International to the Hong Kong tranche, increasing the public offer to 15% of the total [[5]].

Investor Participation and Book Quality

The **International Offering** is designed to attract institutional investors, with a dedicated employee reserved portion, signaling strong internal alignment. The presence of a stabilization manager and over-allotment option reflects confidence in managing aftermarket volatility. **Exact oversubscription metrics and anchor allocations** will be available upon completion of the offer and will be announced on January 21, 2026 [[5]][[6]][[9]].

Deal Parties and Stabilization Mechanisms

The IPO is supported by a syndicate of leading financial institutions and underwriters:

• Overall Coordinators, Joint Global Coordinators, Joint Bookrunners, and Joint Lead Managers: Citigroup Global Markets Asia Limited (as Stabilizing Manager and lead underwriter)

The **Stabilizing Manager** (Citigroup Global Markets Asia Limited) is empowered to conduct market stabilization activities for up to 30 days after the last day of application, which could help support the share price post-listing. The over-allotment (greenshoe) option allows for issuing up to 15% additional shares to cover excess demand, enhancing aftermarket liquidity and price stability [[3]][[4]][[5]].

Company Overview: Business, Model, and Market Position

Shanghai Longcheer Technology Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the technology sector. While the detailed business model, product breakdown, and sector size were not directly disclosed in this summary, the scale and structure of the offering underscore a significant presence in its industry [[2]].

The company’s focus on a **broad base of institutional and employee investors, multi-tranche allocations, and robust offer structure** implies a diversified revenue model and ambition for regional or global expansion. The presence of a large employee reserved share allocation hints at a workforce-driven, innovation-centric culture [[5]].

Leadership and Board

Management and Board composition as of January 14, 2026:

• Chairman and Executive Director: Mr. DU Junhong
• Executive Directors: Mr. GE Zhengang, Mr. GUAN Yadong, Ms. QIN Yanling
• Independent Non-Executive Directors: Dr. SHEN Jianxin, Mr. YANG Chuan, Dr. NIU Shuangxia

The mix of executive and independent directors is designed to ensure governance, oversight, and strategic agility [[10]].

Sector Trends, Timing, and Market Environment

Key IPO dates:

• Offer opens: 9:00 a.m., January 14, 2026
• Offer closes: 12:00 noon, January 19, 2026
• Price Determination Date: on or before 12:00 noon, January 20, 2026
• Announcement of Offer Price and Allocations: by 11:00 p.m., January 21, 2026
• Listing Date: 9:00 a.m., January 22, 2026

The IPO is being launched in a period of active capital markets, with the stabilization mechanisms and flexible allocation suggesting an expectation of strong demand. The offering timetable and settlement arrangements are standard for major Hong Kong IPOs, with shares expected to be accepted for deposit and settlement in CCASS from the first day of trading [[6]][[7]][[8]].

Key Risk Factors and Growth Strategy

The prospectus highlights the risk of **price volatility post-stabilization period**—after which demand and price could fall if market support is withdrawn. The Hong Kong Underwriting Agreement provides for termination in certain adverse events before listing, ensuring investor protection. Risks related to over-allocation and regulatory compliance are managed through established rules and mechanisms [[4]][[5]].

The integration of an employee preferential tranche and over-allotment option indicates a **growth-oriented strategy**, with capital likely directed toward expansion, innovation, and scaling operations [[5]].

Listing Outlook: First-Day Performance and Investment Potential

**Based on the robust offer structure, stabilization mechanisms, strong institutional support, and flexible allocation between retail and institutional investors, Shanghai Longcheer Technology’s IPO appears well-positioned for a successful listing.** The presence of a reputable stabilizing manager and the over-allotment option suggest that first-day trading could be well-supported, especially if oversubscription occurs in the retail or institutional tranches. Investors should monitor the final allocation and oversubscription results for signals regarding first-day price performance [[4]][[5]][[9]].

Where to Find More Information

The full offering details are available at:

• www.hkexnews.hk
• www.longcheer.com

How to Apply for Shanghai Longcheer Technology IPO

Application channels and timetable:

• White Form eIPO Service: www.eipo.com.hk (for applicants seeking physical share certificates; applications from 9:00 a.m. on January 14, 2026, to 11:30 a.m. on January 19, 2026)
• HKSCC EIPO Channel: Through your broker or custodian who is a HKSCC Participant, via the FINI system
• Minimum application: 100 H Shares (multiples thereof)
• Settlement: H Shares will be admitted into CCASS for clearing and settlement from the first day of trading

No physical application forms are accepted; all applications must be made electronically. Investors can check allocation results via the official company site, HKEX, or the designated results website (www.iporesults.com.hk) from January 21, 2026 [[3]][[4]][[8]][[9]].