NASN TECH
| Register Close | 2026/08/04 IPO Closing in 5 Days |
| Listing Date | 2026/08/07 |
| Register Close | 2026/08/04 IPO Closing in 5 Days |
| Listing Date | 2026/08/07 |
NASN Intelligent Tech (Zhejiang) Co. develops intelligent driving motion control technologies, currently offering brake-by-wire solutions. The Group focuses on delivering mission-critical brake-by-wire solutions for intelligent driving, and its solutions integrate proprietary full-stack control algorithms, software and hardware.
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According to the report, the Group is the first Chinese company to commercialize electronic brake booster solution (NBS solution) for L4 autonomous vehicles and the first Chinese company to supply a proprietary NBS solution to leading Chinese EV OEMs.
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In terms of brake-by-wire solution sales volume in China in 2025, the Group is among the top three domestic brake-by-wire solution providers, and the second-largest domestic independent third-party brake-by-wire solution provider.
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As of July 21, 2026, the Group had 203 registered patents, including 103 invention patents, 95 utility model patents, and 5 design patents in the PRC. The Group’s customers primarily consist of OEMs, the majority of which are located in the PRC.
| Market | Hong Kong (Main Board) |
| Business Nature | Automobiles |
| Major Business Area | China |
| Board Lot | 100 |
| No. of Offer Shares | 57.59M H shares |
| No. of International Offer Shares | 51.84M H shares |
| No. of HK Offer Shares | 5.76M H shares |
| Offer Price | $10.42 - $11.18 |
| Stock Code | 2261 |
| Sponsor(s) | Haitong International Capital Limited, BOCI Asia Limited |
| Underwriter(s) | Haitong International Securities Company Limited, BOCI Asia Limited, SDIC Securities (Hong Kong) Limited, Orient Securities (Hong Kong) Limited, TradeMaster Securities (Hong Kong) Limited, SPDB International Capital Limited, Futu Securities International (Hong Kong) Limited |
| Application Period | Jul 30 (Thu) - noon, Aug 04 (Tue) |
| Price Determination Date | Aug 05 (Wed) |
| Result Announcement Date | On or before Aug 06 (Thu) |
| Result Announcement Date | On or before Aug 06 (Thu) |
| Result Announcement Date | On or before Aug 07 (Fri) |
| Dealings in Shares commence on | Aug 07, 2026. (Fri) |
| Offer Price | $10.42 - $11.18 |
| Capitalization (H Shares) | 6.20B - 6.65B |
| NAV / share ($) | $2.53 - $2.6 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 10.8, the net proceeds raised would be HKD 554.20M, of which |
| 50% : Strengthen research and development capabilities and further expand product portfolio |
| 30% : Expand and upgrade production and manufacturing capabilities, thereby enhancing our delivery capabilities |
| 10% : Enhance services and raise brand recognition internationally |
| 10% : Working capital |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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