On April 28, the public offering portion of Sunmi Technology-W’s Hong Kong initial public offering (IPO) was oversubscribed by more than 2,000 times, with the total amount of subscriptions surpassing HK$210 billion. This makes it the most heavily oversubscribed new listing in the AI hardware technology sector on the Hong Kong stock market this year. Prominent global long-term investment funds, including Millennium and Schonfeld, actively participated in the offering.
