PATEO CONNECT Technology (Shanghai) Corp. (Ticker: 2889 HK) is a China-based provider of smart cockpit solutions for passenger vehicles. The company is the third-largest supplier of smart cockpit domain controllers in China, with a 7.3% market share in 2024, and differentiates itself by integrating software, hardware, and cloud-based connectivity. PATEO plans to list on the Hong Kong Stock Exchange on September 30, 2025, offering 10.44 million common shares at HKD 102.23 each, raising approximately HKD 1.07 billion (USD 137 million). The IPO consists entirely of primary shares, with a greenshoe option of 1.57 million shares. Proceeds will support ongoing operations and strategic growth initiatives, including R&D and product expansion. The joint global coordinators include ABCI Capital, BOCI Asia, CLSA, CMB International, and CICC. PATEO’s customers include leading Chinese and international OEMs, and it has secured multiple design wins using Qualcomm’s Snapdragon 8295 chipset.