【New Stock IPO】FeiSu Innovation 3355 Fundraising up to HK$1.66 Billion, Online DTC Network Solutions, Entry Fee per Lot HK$4,202

SocialAnxietyStaker · 2026-03-13T00:32:58+00:00

Fei Su Innovation will conduct an IPO from March 13 to 18, planning to issue 40 million H shares with public offering accounting for 10%, pricing between HK$35.2 and HK$41.6 per share, raising up to HK$1.66 billion, with an expected listing date of March 23. The company is the world's second-largest online DTC network solutions provider, serving over 500,000 customers across multiple industries. The proceeds will be used for technology R&D, overseas expansion, and business digitalization.

SocialAnxietyStaker

2026-03-13 00:32:58

Abstract generation in progress

Feisu Innovation (New Listing Code: 03355) will conduct an IPO from March 13 to 18. The online DTC network solutions provider plans to issue 40 million H-shares, with 10% available for public offering in Hong Kong. The offering price ranges from HKD 35.2 to HKD 41.6, raising up to HKD 1.66 billion. Each lot consists of 100 shares, with an initial entry fee of HKD 4,202. Feisu Innovation is expected to start trading on March 23. CICC, CITIC Securities International, and China Merchants Securities International are joint sponsors.

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Global No. 2 Online DTC Network Solutions Provider

According to Frost & Sullivan, based on 2024 revenue, Feisu Innovation is the second-largest online DTC network solutions provider globally, with a market share of 6.9%. The company states that its network solutions enable global enterprises to achieve efficient digital transformation. Through its online sales platform FS.com, it offers scalable, cost-effective, and all-in-one network solutions.

Feisu Innovation Performance and Investment

Feisu Innovation has served over 500,000 customers across more than 200 countries and regions, covering about 60% of Fortune 500 companies, spanning industries such as information technology, financial services, healthcare, education, automotive, and electronics. In the first nine months of last year, Feisu Innovation reported revenue of HKD 2.17 billion (RMB equivalent), an 11.3% increase year-over-year, with a profit of HKD 420 million, up 20.6%.

Feisu Innovation has attracted a total of 11 cornerstone investors, including Hao Fund, Great Holding, WT Asset Management, Caitong SEIII, Juming Final Customers, CICC FT (related to Juming OTC swaps), Qianzhan, SCGC Capital, Aether, GF Fund HK, Kaifeng Final Customers, and CICC FT (related to Kaifeng OTC swaps), subscribing for a total of USD 90.22 million.

Use of Net Proceeds

40%: Enhance R&D through laboratory renovations, talent recruitment, and procurement of hardware and software to strengthen technological platforms
30%: Establish regional headquarters in Singapore, strengthen multi-layer warehousing systems, upgrade automation in workflows, expand service networks, and recruit international management teams to improve delivery capabilities in key overseas markets
20%: Digitalization of network solutions and service business platforms
10%: Operating capital and general corporate purposes

Source: Feisu Innovation Announcement

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