DENGLIN TECH-P (09917.HK) grey market closes at HK$221.20, down 4.24% from offer price

NewTimeSpace News: On November 9, 2026, the grey market trading of Suzhou Denglin Technology Co., Ltd. (09917.HK) closed. The stock closed at HK$221.20 on the Phillip grey market, down HK$9.80 or 4.24% from its offer price of HK$231, equivalent to a book loss of HK$245 per board lot of 25 shares, excluding transaction costs. The shares will list on the Main Board of the Hong Kong Stock Exchange on November 10.

Denglin priced its offering at HK$231 per share, the bottom of the HK$231 to HK$288 range, offering 6.125 million H shares to raise about HK$1.41 billion. The company introduced five cornerstone investors — Huayuan, Jutian, Zhongfang Caituan, ZGD Capital and Everbright Wealth Management — which subscribed HK$646 million in aggregate.

Founded in late 2017, Denglin focuses on chip R&D and technological innovation for high-performance general computing platforms and is a general-purpose GPU company. Its self-developed GPU+ (MinSky) architecture adopts a software-defined on-chip heterogeneous system, with products compatible with the CUDA ecosystem. Its first Goldwasser general-purpose GPU product has been deployed at scale in the core businesses of well-known companies from cloud to edge, covering the internet, security, telecommunications, energy, finance and education sectors, while the new-generation Goldwasser series delivers improved performance for Transformer-based networks and generative AI large models.