【New Stock IPO】Extreme Vision 6636 IPO Raises Nearly 500 Million, AI Computer Vision Solution Provider Oversubscription 14.3 Times with 380 Million in Stag Positions, Entry Fee of 2020 Yuan per Board Lot

AI Computer Vision Algorithm Supplier JVSIGHT (Listing No.: 06636)
Subscribed from March 20 to 25, planning to issue 12.48 million H-shares, with 5% for Hong Kong public offering and the rest for international placement. The offer price is HKD 40 per share, raising HKD 499 million. As of the evening of March 20, JVSIGHT recorded HKD 380 million in margin financing, with HKD 24.96 million raised from the public offering, representing a 14.3 times oversubscription.

JVSIGHT offers 50 shares per board lot, with an entry cost of HKD 2,020.16. Shares are expected to list on March 30. CITIC Securities is the sole sponsor.

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According to the prospectus, JVSIGHT Technologies is a Chinese AI computer vision solution provider, offering end-to-end development, deployment, and management services for enterprises across various industries. According to Frost & Sullivan, by 2024, the company ranks eighth in China’s emerging enterprise-level computer vision solutions market.

As of September last year, JVSIGHT’s AI computer vision algorithm marketplace displayed 1,517 algorithms covering over 100 industries. The company also focuses on continuous development and expansion of AI computer vision applications. By September last year, it had built a global community of hundreds of thousands of AI algorithm developers and served over 3,000 clients, providing a robust infrastructure platform and extensive AI computer vision solutions to help enterprises achieve digital transformation.

Financially, JVSIGHT’s revenue for 2022, 2023, and 2024 was approximately HKD 102 million, HKD 128 million, and HKD 257 million, respectively. For the nine months ending September 30, 2025, revenue was HKD 136 million. During the same period, the company recorded net profits of approximately HKD 60.72 million, HKD 56.25 million in losses, HKD 8.71 million in profits, and HKD 36.30 million in losses.

JVSIGHT has introduced Zhengjin International and GKI as cornerstone investors, with an investment of HKD 47.2 million.

Use of Net Proceeds

• 60%: Enhance R&D capabilities
• 30%: Improve commercialization capabilities
• Remaining funds: Provide operating capital and general corporate purposes

Source: JVSIGHT Technology Announcement

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