Herbert Smith Freehills Kramer advises joint sponsors and underwriters of Denglin Technology on its Hong Kong IPO

Global law firm Herbert Smith Freehills Kramer has advised CITIC Securities (Hong Kong) Limited, China Securities (International) Corporate Finance Company Limited and BOCI Asia Limited as joint sponsors and underwriters on the listing of Suzhou Denglin Technology Co., Ltd. (09917.HK) on the Main Board of the Hong Kong Stock Exchange.

Denglin Technology is a general-purpose graphics processing unit (“GPGPU”) provider that develops and sells GPGPU products to meet the AI computing needs of China’s diverse industries. Anchored in its proprietary GPU+ (Minsky™) architecture — a domestically developed, software-defined on-chip heterogeneous computing framework — it focuses on enterprise AI as its core target market, while also seeking to expand into the public cloud market and emerging fields such as robotics.

“Hong Kong continues to connect specialist technology businesses with international capital,” said Hong Kong partner Matt Emsley. “We are pleased to have supported the joint sponsors and underwriters on Denglin Technology’s listing.”

Herbert Smith Freehills Kramer has advised on 13 Hong Kong IPOs that have listed over the past 12 months, with an aggregate value of HK$56.2 billion.

“We congratulate Denglin Technology on its successful listing on the Hong Kong Stock Exchange,” said Beijing partner Stanley Xie. “The transaction combined our experience in cross-border equity capital markets and understanding of the semiconductor, tech and AI sectors.”

This marks the fourth completed Chapter 18C listing on which the firm has advised, underscoring Herbert Smith Freehills Kramer’s strong track record in specialist technology listings in Hong Kong. Chapter 18C is a listing regime introduced by the Hong Kong Stock Exchange for specialist technology companies. The firm has advised on the Chapter 18C listings of QuantumPharm, Beijing Yunji Technology and UISEE Technologies, alongside a broad range of technology and advanced manufacturing listings, such as Luxshare Precision, Kinwong Electronic, Nexchip Semiconductor and Shanghai Longcheer Technology.

Partners Matt Emsley, Stanley Xie and Jin Kong* led a cross-office team advising the clients, assisted by Maisie Ko, Sean Ji, Crystal Chan, Kathy Zhang, Camille Chai, Vera Chen, Grace Bian, Eliane Ye, Julia Zhu, Sophie Liang and Nicole Luk.

Legal manager Marine Jin led the Herbert Smith Freehills Kramer Kewei Joint Operation’s Digital Legal Delivery team in providing efficient support for verification and other document-intensive processes during the listing, assisted by Huidan Luo, Lan Lang, Shirley Xie and Sabrina Ji.