China’s Lingyi iTech Guangdong Co. has opened a book for a Hong Kong listing that could bring in up to HK$8.3 billion ($1.06 billion). The move signals the company’s push to tap international investors and broaden its capital base.

The IPO follows a trend of mainland firms seeking overseas listings to access deeper liquidity markets. By raising a substantial sum, Lingyi aims to fund expansion and strengthen its competitive position in the tech sector.

Investors will watch the subscription pace closely, as the amount raised will set a benchmark for similar listings. A successful offering could elevate Lingyi’s valuation and provide a boost to the Hong Kong market’s tech sector.

The filing marks a significant capital‑raising step for Lingyi, positioning it to pursue growth initiatives and potentially influence future cross‑border listings in the region.