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First day of the IPO | Starlink Technology (06727) first listed in early trading, Pingkai is the fifth largest AI infrastructure software provider in China
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The Zhitong Finance App learned that Starlink Technology (06727) was listed for the first time. The announcement showed that each share was priced at HK$49.00. A total of 140,108 million shares were issued, with 100 shares per lot, with a net proceeds of about HK$629 million. As of press release, there was no increase or decrease. It was reported at HK$49, with a turnover of HK$896.805 million.

According to the prospectus, the company is a leading AI infrastructure software provider in China. The company mainly generates revenue by selling AI and big data infrastructure software products and related services to enterprises and government customers. Through deep integration of artificial intelligence, big data and cloud technology, the company helps enterprises efficiently build AI infrastructure software and promotes intelligent transformation and business model innovation in various industries.

According to Frost & Sullivan: In terms of revenue, the company is the fifth largest AI infrastructure software provider in China, with a market share of 2.7% in 2025. The company is the first database company in the world to pass the TPC-DS test and official audit, which shows that the company's basic software based on a distributed architecture has reached the industry-leading level in large-scale data calculation and analysis.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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