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DSBJ’s Hong Kong listing connects its AI infrastructure growth story with global investors

DSBJ’s Hong Kong listing connects its AI infrastructure growth story with global investors
A&O Shearman advised the joint global coordinators on the successful H-share global offering of Suzhou Dongshan Precision Manufacturing Co., Ltd. (DSBJ or the Company) on the main board of the Hong Kong Stock Exchange. The offering attracted significant investor interest, with 20 cornerstone investors signing up to purchase ahead of its launch. By raising approximately USD1.3 billion, the transaction ranks among the city's largest initial public offerings (IPOs) in 2026.
Headquartered in Suzhou, DSBJ is a global manufacturer primarily focused on printed circuit boards (PCBs), precision components, touch panels and liquid crystal modules (LCMs), and optical transceivers. The world’s third-largest PCB supplier by 2025 revenue, according to CIC, the company expects its optical transceiver and AI PCB products to drive growth as the global build-out of AI infrastructure accelerates. Meanwhile, the proliferation of edge and computing of edge AI devices is expected to support demand for its established product lines.

“DSBJ is at the heart of the AI infrastructure value chain”

Lina Lee, A&O Shearman partner, said: “This landmark A+H listing reflects continued investor interest in leading Chinese technology and manufacturing companies. DSBJ is at the heart of the AI infrastructure value chain, and we were pleased to help bring its growth story to international investors.”

“It has been a privilege to support DSBJ on this milestone transaction.”

“It has been a privilege to support DSBJ on this milestone transaction. It is the latest chapter in a long relationship in which we have been proud to advise the client on many different transactions,” added Tess Fang, A&O Shearman partner and DSBJ relationship partner.

The A&O Shearman team was led by partners Lina Lee and Kyungwon (Won) Lee, supported by senior associate Matthew Chan, associate Hannah Huang from Allen & Overy Lang Yue (FTZ) Joint Operation Office (“Lang Yue”), associate Bertha Wu, registered foreign lawyer Alice Tang, associate Sean Cao, paralegals Jayden Wu and Baofang Zhang, both from Lang Yue, and trainee Ryan Cheng. Partner Catherine Hein and associate Brendan Holman provided support on U.S. outbound investment rules matters.

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