DEEPEXI TECH's dark market surged 100%! Hong Kong stocks' "super subscription king" ignites AI investment frenzy
On October 27th, DEEPEXI TECH's stock price surged by as much as 100.30% in the dark market trading, ultimately closing at HKD 51.90, an increase of 94.67% from the issue price. The transaction volume reached HKD 139 million, with a market capitalization of approximately HKD 16.952 billion. The new stock was highly sought after, with a subscription multiple as high as 7,590 times, attracting around 239,000 investors. The market highly recognizes DEEPEXI TECH's business layout and future growth potential, and it is expected to perform well on its official listing day tomorrow
According to Zhitong Finance APP, on October 27, the new stock DEEPEXI TECH (01384) surged by as much as 100.30% in the dark market, reaching HKD 53.40. The final dark market closing price was HKD 51.90, up 94.67% from the issue price, with a transaction volume of HKD 139 million, and a market capitalization rising to approximately HKD 16.952 billion. Each lot consists of 200 shares, and excluding transaction fees, each lot earned HKD 5,048.
After the afternoon dark market trading commenced, continuous inflow of funds pushed the stock price steadily higher, significantly exceeding market expectations during the session, reflecting a general reluctance among investors who received allocations to sell. Market participants pointed out that a significant rise in the dark market usually indicates a good performance on the first official listing day tomorrow. Investors need to pay attention to the opening price tomorrow and subsequent trends to seize trading opportunities.
It is reported that DEEPEXI TECH was warmly welcomed during the public offering phase, with a subscription multiple as high as 7,590 times, attracting approximately 239,000 investors to participate in the subscription, making it the most oversubscribed new stock in the history of the Hong Kong Stock Exchange's main board.
The enthusiasm for dark market trading highlights the market's high recognition of DEEPEXI TECH's business layout and future growth potential. DEEPEXI TECH is driven by its "FastData Foil Data Integration Platform" and "Deepexi Enterprise-Level Large Model Platform," which have been scaled across multiple vertical industries, including consumer retail, manufacturing, healthcare, and transportation.
As of June 30, 2025, DEEPEXI TECH has provided services to a total of 283 enterprise users across various industries, with 94 repeat customers, accounting for 33.2% of the company's customer base, reflecting DEEPEXI TECH's high customer stickiness and satisfaction.
The solid advancement of its business has brought strong growth momentum to DEEPEXI TECH. From 2022 to 2024, the company's revenue increased from HKD 100 million to HKD 243 million, with a year-on-year growth of 118.4% in the first half of 2025, reaching HKD 132 million. The FastAGI enterprise-level artificial intelligence solution business saw a rapid increase, with revenue soaring by 191% year-on-year in the first half of the year. Alongside its expansion, DEEPEXI TECH's profit quality has also significantly improved. Data shows that from 2022 to 2024, DEEPEXI TECH's gross profit margins were 29.4%, 40.1%, and 51.9%, and increased to 55% in the first half of 2025.
For investors who are optimistic about the long-term prospects of the artificial intelligence application sector, the potential demonstrated by DEEPEXI TECH in terms of technological accumulation and commercialization practices warrants continued attention. It is recommended that investors closely monitor the company's business progress and performance release rhythm after listing, seize structural opportunities in the rapid development of the AI industry, and make reasonable investment allocations with a full understanding of the company's business model and development prospects
