Beijing DeepZero Technology Co., Ltd. has launched its Hong Kong IPO, with the subscription period running from May 18 to May 21, 2026. The company plans to globally offer 9,068,000 H shares, with a 15% over-allotment option. The offer price ranges from HK$43.50 to HK$55.50 per share. Each board lot consists of 100 shares, with an entry subscription fee of approximately HK$5,605.97. The company is expected to list on the Main Board of the Hong Kong Stock Exchange on May 27, 2026. ICBC International Capital Limited acts as the sole sponsor.

DeepZero: China’s Largest Marketing and Sales Decision AI Application Provider

Public offering: approximately 10% (906,800 H shares)

International offering: approximately 90% (8,161,200 H shares)Offer price: HK$43.50–HK$55.50 per share

Board lot size: 100 shares

Entry fee: approximately HK$5,605.97Subscription period: May 18–21, 2026 (expected pricing date: May 22, 2026)

Listing date: May 27, 2026

Sole sponsor: ICBC International Capital Limited

Company Overview

DeepZero provides intelligent marketing services to enterprises through its proprietary AI application products. Its three flagship products include AlphaDesk (intelligent advertising placement platform), AlphaData (intelligent customer relationship management platform), and Deep Agent (enterprise AI agent system).

According to Frost & Sullivan, ranked by 2024 revenue, DeepZero was the largest player in China’s marketing and sales decision AI application market, with a market share of 2.6%.

As of December 31, 2025, the company had served approximately 468 end customers, including 69 Fortune Global 500 companies.

Financial Information

According to the prospectus, DeepZero recorded revenue of approximately RMB611 million, RMB538 million, and RMB577 million for 2023, 2024, and 2025, respectively, while net profit for the same periods was approximately RMB60.658 million, RMB21.520 million, and RMB9.177 million, respectively. Adjusted net profit (non-IFRS measure) for 2025 was approximately RMB24.867 million. Based on the mid-point offer price of HK$49.50 per share, and assuming the over-allotment option and reallocation mechanism are not exercised, the company expects net proceeds of approximately HK$403 million from the IPO. The proceeds are intended to be used for continued R&D of AI application products for marketing and sales (approximately 50%), expansion of the sales network and customer base (approximately 20%), selective strategic acquisitions to strengthen AI application products (approximately 20%), and working capital and general corporate purposes (approximately 10%).

uSMART launches “HK IPO Fee-Waiver Offer” – subscribe to new shares at zero cost

Margin subscription: 0 % interest, leverage up to 10×

Cash subscription: HK$0 handling fee

Grey-market trading supported

* 0 % interest applies to margin subscription amounts of HK$20 million or below.

^ All handling fees are waived for cash subscriptions.

This promotion is effective from 5 December 2025 until further notice. Certain high-profile IPOs may be excluded. The actual interest rates and fees charged are those shown in the uSMART App subscription interface; statutory government and exchange levies will still apply. The company reserves the right to amend, suspend or terminate the above offer or its terms and conditions at any time without prior notice, and its interpretation shall be final.

How to Subscribe for DeepZero via uSMART HK

The uSMART HK App features an IPO Centre with exclusive perks, allowing clients to subscribe instantly to public offerings. After logging into the app, tap "Trade" at the bottom-right, go to "IPO Subscription," select DeepZero, tap "Public Offer," enter your subscription quantity, and submit your order.

(Image source: uSMART HK App)