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Interlaw Hong Kong Partner Firm Advises on Significant AI IPO
Stevenson, Wong & Co., Interlaw’s partner firm in Hong Kong, has acted as Hong Kong legal adviser to Shenzhen HQVT Technology Co., Ltd. (1392.HK) on its successful listing on the Main Board of the Hong Kong Stock Exchange (HKEx).
Trading in the company's shares commenced on June 22, 2026. Shenzhen HQVT Technology offered 85.2 million H shares, comprising 8.5 million shares under the Hong Kong public offering and 76.6 million shares through an international placing.
Based on the offer price of HK$7.20 per share, the company debuted with a market capitalisation of approximately HK$5.6 billion (US$713.4 million). The global offering raised gross proceeds of approximately HK$613.2 million (US$78.5 million).
Shenzhen HQVT Technology is one of China's leading multispectral artificial intelligence technology companies. Using its proprietary multispectral sensing and AI technologies, the company develops products and services that detect both visible and invisible spectral information. Its solutions support safety monitoring and intelligent decision-making across a broad range of industries, including software and information technology, electronics, data centres, intelligent driving systems, telecommunications, Internet of Things (IoT) integration, and construction. The group serves more than 2,500 customers.
The listing was jointly sponsored by CMBC International Capital Limited and SPDB International Capital Limited. The overall coordinators were CMBC Securities Company Limited, SPDB International Capital Limited and Livermore Holdings Limited.
The Stevenson, Wong & Co. team was led by partner Rodney Teoh, supported by senior associate Alroy Ng, associates Clement Lai and Xavier Wong, and trainee solicitor Christie Chan.
Commenting on the deal, Rodney said, “We are incredibly proud to have acted as Hong Kong counsel and prospectus drafting counsel for HQVT on its historic listing. As the first multispectral AI business to debut on the HKEx Main Board, its overwhelming retail oversubscription reflects the market’s intense enthusiasm for this AI tech innovation. For Interlaw clients considering a Hong Kong IPO, this experience reinforces our ability to deliver practical, cross-border guidance throughout the listing process, backed by proven expertise on one of the market's most significant recent transactions.”
The transaction highlights Stevenson, Wong & Co.'s strength in capital markets and its experience advising on complex cross-border transactions in Hong Kong. Through Interlaw, the firm works alongside leading independent law firms worldwide to support clients on international business and investment opportunities.
