HK Recently Listed Stocks Watch | FS.COM (03355.HK): 16.9229 Million Cornerstone Lock-up Shares to Be Unlocked on September 23
NewTimeSpace News: On September 17, 2026, FS.COM (03355.HK) traded firm, closing at HKD 42.080, up 0.29%.
On the news front, according to previous disclosures, the 11 cornerstone investors collectively hold 16.9229 million H shares, all subject to a lock-up period through September 22, 2026, with the shares officially unlocked from September 23, 2026, representing a market value of approximately HKD 704 million at the offer price. The cornerstone lineup includes Hao Great China Focus Fund, Great Holding Development Limited, WT Asset Management Limited, Junming's ultimate clients and CICCFT (related to Junming's offshore swaps), Qianzhan Capital Steady Growth Limited Partnership Fund, and SCGC Capital, among others.
According to public information, FS.COM (03355.HK) was listed on the Main Board of The Stock Exchange of Hong Kong on March 23, 2026, at an offer price of HKD 41.60, with a global offering of 40 million shares, raising gross proceeds of HKD 1.664 billion and net proceeds of HKD 1.559 billion. The Hong Kong public offering was subscribed 1,579.71 times and the international offering 10.92 times. In terms of shareholding structure, all pre-listing existing shareholders are subject to a 12-month lock-up period from the listing date, and the six-month lock-up for cornerstone investors will end on September 22, 2026.
On earnings, the company disclosed its first interim results after listing on August 25, 2026. In the first half of 2026, it recorded revenue of RMB 1.762 billion, up 25.9% year on year; net profit of RMB 451 million, up 65.1%; and adjusted net profit of RMB 471 million, up 59.8%.
TFSECURITIES believes that as global digitalization continues to deepen and AI computing power demand accelerates its penetration into the enterprise segment, FS.COM, as a leader in online DTC network solutions, benefits deeply from the continued buildout of network infrastructure. The company's technology R&D capabilities in high-performance network solutions, demand customization capabilities and rapid delivery capabilities rank among the industry's best, and its revenue and profit scale are expected to keep reaching new levels.
Founded in 2009, FS.COM (03355.HK) provides one-stop DTC network solutions to enterprises worldwide through its self-operated online platform FS.com, with products covering optical modules and high-speed cables, fiber optic cables, switches, optical transmission equipment, fiber optic cabling management products and copper cabling system products. The company has also developed its proprietary PicOS® network operating system and AmpCon™cloud network management platform, applied in scenarios including high-performance computing, data centers, enterprise networks and telecom networks.
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