#Hong Kong #BIoT #Sunmi Technology

SUNMI Technology Makes Historic Debut on the HKEX

On April 29, 2026, SUNMI Technology Group Co., Ltd. made waves in the financial market by becoming the first company in the Business IoT (BIoT) sector to be publicly listed on the Hong Kong Stock Exchange (HKEX) under the stock code 06810.HK. This landmark moment symbolizes not just a corporate achievement, but also a pivotal step for the global BIoT industry.

The listing was celebrated with a ceremonial gong ringing at the HKEX trading hall, led by SUNMI's founder and CEO, Jack Lin, along with the company's management team. Subsequently, SUNMI’s initial public offering (IPO) received overwhelming interest, being oversubscribed over 2,000 times. This demand allowed the company to raise more than HK$1 billion, with an impressive opening share price of HK$97.5, reflecting a remarkable increase of 292.2% from its issue price and swiftly leading to a market capitalization surpassing HK$40 billion on its very first day of trading.

During an exuberant dinner celebration following the IPO, founder Zhe Lin expressed heartfelt gratitude towards the various contributors to their success. He stated, “SUNMI's journey to this point has been made possible by the opportunities of our era, the support of government, the trust of investors and partners, and most importantly, the dedication of every SUNMI employee. The gong we rang today symbolizes more than a corporate milestone, but a new beginning to build a new order of digital trust for merchants worldwide, where fairness empowers every business dream.”

With the rapid advancement of artificial intelligence reshaping the business landscape, SUNMI is poised to continue its leadership role in the Business 4.0 era. The company is dedicated to connecting enterprises through Internet of Things (IoT) technologies and enabling merchants to make informed decisions powered by AI Intelligence. This endeavor aligns with the company's commitment to commercial equity, ensuring that small and medium-sized merchants have access to the same advanced technological capabilities traditionally reserved for larger corporations, without the need to establish their own algorithm development teams.

In conclusion, SUNMI Technology's listing on the HKEX marks a transformative moment, reflecting both the company's remarkable growth trajectory and the increasing significance of the BIoT sector in the global economy. As businesses, regardless of size, navigate this evolving landscape, SUNMI stands ready to champion the cause of accessibility, fairness, and digital empowerment. The journey has only just begun, and the possibilities are limitless as they forge ahead into this dynamic future of commerce.