Shenzhen HQVT Technology Co., Ltd. (Ticker: 1392 HK) is a Chinese multispectral AI technology company specializing in the acquisition, processing and analysis of optical information across multiple spectrum bands. The company offers multispectral AI modules, AI perception terminals and multispectral AI large model services, including its proprietary “Zhiyuan Origin Large Model,” serving customers in software, information technology, electronics, telecommunications, intelligent driving, IoT, smart city and safety-monitoring applications.

HQVT Technology plans to list on the Hong Kong Stock Exchange Main Board on June 22, 2026. According to published terms, the company plans to offer 85.16 million primary shares at HKD 7.20 per share, raising approximately HKD 613 million, or about USD 78 million. The IPO implies a market capitalization at offer of approximately USD 695 million.

According to the prospectus summary, HQVT Technology was established in 2013 and had registered 101 invention patents and 46 software copyrights as of the latest practicable date. The company plans to use the IPO proceeds for R&D and product capacity, brand promotion and business development, working capital and strategic acquisitions.