BRIEF: Deepexi Technology launches $90 million IPO

Enterprise AI application provider Deepexi Technology Co. Ltd. (1384.HK) launched its Hong Kong IPOon Monday, aiming to raise HK$710 million ($91.4 million) by selling 26.6 million shares for HK$26.66 each. The stock is scheduled to make its trading debut on Oct. 28.

Proceeds from the IPO will be used over the next five years for R&D, to expand the company’s sales network and customer base in China, to develop its overseas operations, for potential investment and acquisition opportunities, and to supplement working capital.

Deepexi provides AI-driven solutions that help businesses integrate data, optimize decision-making, and improve their operational and manufacturing efficiency. Its core clients come from sectors including consumer retail, manufacturing, healthcare and transportation.

The company’s revenue grew from 100 million yuan in 2022 to 243 million yuan last year, representing an average annual growth rate of 55.5%. In the first half of 2025, revenue rose 118.4% year-on-year to 132 million yuan, while the company’s net loss narrowed to 310 million yuan from 620 million yuan a year earlier.

By Lee Shih Ta

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