The Zhitong Finance App learned that Jiang Bolong (09976) is planning to issue 26.78 million H shares from August 31 to September 3, 10% of which will be publicly sold in Hong Kong. The maximum sale price is HK$240.6 per share, with a maximum capital raised of HK$6.27 billion, 50 shares per lot, and an entry fee of HK$12151.3 for the first hand. According to market data, Jiang Bolong recorded a margin subscription of HK$17.05 billion in the public sale section, which was overpurchased 26.2 times, with a publicly raised capital of HK$630 million. It is expected to be listed on September 8, with CITIC Securities and Citibank as co-sponsors.
According to the prospectus, Jiang Bolong is the world's leading independent brand semiconductor memory manufacturer. Based on the company's vertical integration capabilities covering main control chip and memory chip design, firmware development, system-level packaging and testing, Jiang Bolong designs, develops, manufactures and sells a complete storage product portfolio for end-side AI and traditional consumer, enterprise and industrial grade applications.
According to Insight Consulting, in terms of revenue from storage products in 2025, Jiang Bolong is the second-largest independent semiconductor memory manufacturer among more than 100 global market participants and the largest independent memory manufacturer among more than 30 market participants in China. In 2025, Jiang Bolong occupied 1.2% of the global storage products market. Given the huge market size of the industry, this share is significant for independent memory companies.
Jiang Bolong's brands: FORESEE (mainly serving the B2B market), Zilia (mainly serving the Latin American B2B market), and Lexar (mainly serving the high-end B2C market) jointly promote balanced growth in the enterprise and consumer markets.
Jiang Bolong introduced Communication International Co., Ltd., Yufeng, CITIC Asset Management Hong Kong, AHGO SPC, Lenovo, Lansi Technology Hong Kong, Hong Kong Junzheng, Juyuan International, Qicaihong Technology, Hong Kong Hongxinyu, Huadeng Technology, Wind Sabre, Changqing Technology, and Huaxida Hong Kong as cornerstone investors, with an investment amount of US$150 million (approximately HK$1.19 billion).