【New Stock IPO】Extreme Perspective 6636 IPO Raises Nearly 500 Million　Reportedly Oversubscribed 4596 Times、Fifth Most This Year　Entry Fee for One Lot 2020 Yuan

AI Computer Vision Algorithm Provider JVS Technologies (Listing No.: 06636)
Subscribed from March 20 to 25, with the offering closing at noon on Wednesday (25th). Reports indicate that the company’s public offering received 159,000 subscriptions, oversubscribed by 4,596 times, making it the 5th most oversubscribed new stock this year, involving HKD 115.8 billion.

The company plans to issue 12.48 million H-shares, with 5% allocated for Hong Kong public offering and the rest for international placement. The offering price is HKD 40 per share, raising HKD 499 million. As of March 23, JVS Technologies recorded an HKD 8.7 billion margin, with HKD 24.96 million raised through the public offering, oversubscribed by 347.6 times.

JVS Technologies offers 50 shares per lot, with an entry fee of HKD 2,020.16. Shares are expected to list on March 30. CITIC Securities is the sole sponsor.

▼Click the image to enlarge

According to the prospectus, JVS Technologies is a Chinese AI computer vision solution provider, offering end-to-end solution development, deployment, and management services for various industries. According to Frost & Sullivan, by 2024, the company ranks eighth in China’s emerging enterprise-level computer vision solutions market.

As of September last year, JVS’s AI computer vision algorithm marketplace displayed 1,517 algorithms covering over 100 industries. The company also focuses on continuous development and expansion of AI computer vision applications. By September last year, it had built a global community of hundreds of thousands of AI algorithm developers and served over 3,000 clients, providing a robust infrastructure platform and extensive AI computer vision solutions to help enterprises achieve digital transformation.

Financially, JVS’s revenue for 2022, 2023, and 2024 was approximately HKD 102 million, HKD 128 million, and HKD 257 million, respectively. For the nine months ending September 30, 2025, revenue was RMB 136 million; during the same period, the company’s annual/period profit was approximately a loss of HKD 60.72 million, a loss of HKD 56.25 million, a profit of HKD 8.71 million, and a loss of RMB 36.30 million.

JVS has attracted cornerstone investors GKI and Gokongwei International, with an investment of HKD 47.2 million.

Net proceeds usage:

• 60%: Enhance R&D capabilities
• 30%: Improve commercialization capabilities
• Remaining funds: Provide operating capital and general corporate purposes

Source: JVS Technologies Prospectus

Follow new stock news at 【New Stock IPO】

Financial Hot Talk

“Crab Farming” craze to “Removal Trend” — Has the AI agency concept hype run its course?