Chinese mainland’s Lingyi iTech Guangdong Co has started taking investor orders for a listing in the Hong Kong Special Administrative Region that may raise as much as HK$8.3 billion ($1.06 billion).

The electronics-components maker is offering 811.8 million shares at the maximum price of HK$10.18 apiece, according to a listing document dated Wednesday. That reflects a 44 percent discount to the stock’s Tuesday close of 15.69 yuan ($2.32) in Shenzhen, where it is already listed.

Lingyi iTech plans to debut in the HKSAR on June 26. Shares of the company, controlled by founder Zeng Fangqin, have gained more than 90 percent in the past year, giving the company a market capitalization of about $17 billion.

The HKSAR’s market for first-time share sales has been on a tear this year, thanks to high-technology debutants like artificial-intelligence firms. Bloomberg Intelligence expects the city’s listing proceeds to top $43 billion, which would be a six-year high. The Lingyi deal is on track to be the biggest maiden offering in the city since Victory Giant’s $3 billion listing in April.

Cornerstone investors including GF Fund Management Co, Qube Research & Technologies and Sunny Optical Technology Group Co have agreed to buy $406.9 million worth of stock, according to the document. Such investors receive guaranteed allocations in exchange for committing to hold the stock for a specified period.

Based in Guangdong province, Lingyi iTech manufactures components used in consumer electronics, robots, enterprise servers and vehicles. Revenue climbed 16 percent to 51.4 billion yuan in 2025 from a year earlier.

The company, whose origins date back to 2006, plans to use the proceeds to boost research and development, increase production capacity and pursue investments and acquisitions.

Guotai Junan International is leading the listing. Citic Securities Co, Citigroup Inc, and JPMorgan Chase & Co are also working on the deal.