Shanghai Xizhi Technology Co., Ltd. (Ticker: 1879 HK) is a Chinese company specializing in advanced optoelectronic computing services and solutions. Shanghai Xizhi Technology plans to list on the Hong Kong Stock Exchange on April 28, 2026, planning to offer 13.80 million shares at an expected price range of HKD 166.60 to HKD 183.20, raising HKD 2.53 billion (USD 322.73 million). Based on the offering details, the implied market capitalization is expected to range from approximately USD 1.95 billion to USD 2.15 billion.

According to the prospectus, the company focuses on optical interconnect and optical computing, leveraging proprietary chip technologies to deliver low-latency, high-throughput systems designed for artificial intelligence infrastructure. As reported in the published terms, Shanghai Xizhi Technology plans to use the IPO proceeds primarily for research and development and expanding product capacity. Additional funds will reportedly be allocated toward brand promotion, business development, working capital, and strategic acquisitions. The corporate structure for the listing involves an H Share issuance. According to sources, the underwriters managing the offering include China International Capital Corporation, Haitong International Securities, and HSBC.