Gasgoo Munich-On August 31, Shenzhen Longsys Electronics Co., Ltd. officially launched the global offering of its H-shares. Having cleared the Hong Kong Stock Exchange listing committee hearing on August 20, the company has now entered the final subscription stage.Under the offering details, Longsys plans to issue approximately 26.08 million H-shares globally. Of these, 2.61 million shares—or 10%—are allocated for the Hong Kong public offering, while 23.47 million shares (90%) are set for international placement. The offer price is capped at HK$240.60 per share, with board lots set at 50 shares. The subscription window opens on August 31 and closes at noon on September 3. Pricing is scheduled for September 4, and trading is expected to commence on the main board of the Stock Exchange of Hong Kong at 9:00 a.m. on September 8. CITIC Securities and Citi are serving as joint sponsors.Image Source: LongsysRegarding cornerstone investors and capital allocation, the company has secured commitments from 14 cornerstone investors, including Transsion Holdings, Lenovo Group, Lens Technology Hong Kong, Ingenic Hong Kong, and Colorful Technology. Total subscriptions stand at approximately $151 million (HK$1.185 billion). Assuming the maximum offer price and without the over-allotment option being exercised, net proceeds from the offering are expected to hit roughly HK$6.02 billion. Around 78.3% of that will be channeled into strengthening R&D and innovation in critical fields like chip design and high-end storage products, while 11.7% is set aside for strategic investments and acquisitions. The remaining 10% will fund working capital and general corporate use.Financially, Longsys generated 24.088 billion yuan in revenue during the first half of 2026 — a 136.26% jump from the previous year. Net profit attributable to shareholders skyrocketed 71,528.66% (approximately 715-fold) to 10.577 billion yuan, setting a new record for the period since the company went public. Longsys currently stands as the world's ninth-largest memory vendor, the second-largest independent semiconductor memory vendor globally, and China's largest independent memory player.Should the H-share listing proceed as planned, Longsys is set to become China's first independent storage enterprise with a dual listing on both A-share and H-share markets. The move is poised to broaden its international financing channels and elevate its global brand influence.