Shenzhen SDMC Technology Co., Ltd. (Ticker: 901 HK) is a Chinese smart home products provider for enterprise customers, developing and selling digital video devices, network communication devices, and related system platforms. The company’s products include media streaming terminals, projectors, cameras, Wi-Fi routers, optical network terminals and cable modems.

SDMC plans to list on the Hong Kong Stock Exchange Main Board on May 27, 2026. According to the IPO terms, the company is offering 19.21 million H shares at HKD 32.80 per share, raising approximately HKD 630 million, or about USD 80 million. The implied market capitalization at the offer price is approximately USD 877 million.

According to the prospectus, SDMC plans to use the IPO proceeds for R&D and product capacity expansion, brand promotion and business development, working capital, and strategic acquisitions. The offering is structured as an H-share IPO, with 100% of the offered shares being primary shares. China Securities (International) Corporate Finance is the sponsor, with underwriters including ABCI, CCB International, CMB International and CNCB Hong Kong Capital.