Jiangbo Long, a frontrunner in the storage module sector, has officially commenced trading on the main board of the Hong Kong Stock Exchange under the stock code 09976.HK. The initial public offering (IPO) price has been set at HK$236 per share, marking the successful establishment of a dual-listing presence in both the A-share and H-share markets. This strategic move enables Jiangbo Long to tap into the vast resources of international capital markets.

The global offering encompasses a total of 26.0778 million H-shares, comprising Hong Kong public offerings, international offerings, and over-allotment options. The trading unit is set at 50 shares per lot, with an estimated entry fee of approximately HK$12,151.32. Based on the maximum offering price, the anticipated net proceeds from the offering are projected to reach approximately HK$6.020 billion.

Currently, the storage industry is experiencing a high-growth phase, and Jiangbo Long has demonstrated remarkable growth in revenue, gross profit margin, and profitability during the first half of 2026. However, the listing has also raised certain concerns in the market. The H-share offering price represents a discount of approximately 40% compared to the A-share price. Furthermore, there have been instances of share reductions and cash-outs by company directors this year, prompting some investors to adopt a cautious, wait-and-see approach.