China Smart Home Products Company Shenzhen SDMC Technology Hong Kong IPO Share Price Increased +86.6% on Day 1 Trading (27/5/26: IPO Price: HKD 32.80, Closing HKD 61.20) to $1.6 Billion Market Value & Raised $80 Million in IPO, Founded in 2003 by Li Bo
28th May 2026 | Hong Kong
China smart home products company Shenzhen SDMC Technology Hong Kong IPO share price increased +86.6% on day 1 trading (27/5/26: IPO Price: HKD 32.80, Closing HKD 61.20) to $1.6 billion market value, and raised $80 million in the IPO. In 2026 May, Shenzhen SDMC Technology Hong Kong IPO was raising $80 million at $877 million valuation, with expected IPO listing on 27th May 2026. Shenzhen SDMC Technology was founded in 2003 by Li Bo. Shenzhen SDMC Technology – We are a provider of smart home products for enterprise customers, focused on enhancing home applications through intelligent technologies. The smart home products we offer include both hardware and software products. During the Track Record Period, our revenue was mainly generated from sales of hardware products, namely our digital video devices and network communication devices. Smart home products refer to an integrated home ecosystem that connects and manages various smart devices across the household, enabling whole-home network coverage and device interaction. Different from smart home product providers who sell self-branded products directly to consumers, we, as a provider of smart home products for enterprise customers, develop and sell digital video devices and network communication devices with our customers’ brands, and provide system platforms and services, to enterprise customers. Our solutions allow users to control their home with ease leveraging the application of cloud, IoT and AI technologies, through our digital video devices, such as media streaming terminals, speakers, projectors, and cameras, network communication devices, such as optical network terminals, Wi-Fi routers, and cable modems, and system platforms, such as Cedar, XHome and XMediaTV. According to Frost & Sullivan, we are the eighth largest provider globally, and the third largest among Chinese Mainland-based providers, in the global smart home product for enterprise customers market in terms of revenue in 2024, with a market share of 2.7%. In terms of market size in 2024, the global enterprise smart home product market accounts for approximately 14.7% of the entire global smart home product market. Founded in 2003 by entrepreneur Mr. Li Bo, our odyssey commenced with the development and sales of cryptographic chips. In the years that followed, we set foot in digital TV modules and TV dongles. In 2012, we launched AOSP-based digital video solutions, and started partnering with overseas telecom operators. As a testament to our technical capabilities, we became one of the first companies in China to secure a Google Android TV certification in 2017 and the first ODM company worldwide to secure a Google TV projector certification in 2023, which proved our technological capability and fostered the development of projectors with copyright content in overseas markets, and brought us business opportunities to establish cooperation with Google TV projector brand owners. Per Frost & Sullivan, we are the world’s largest Android TV smart terminal supplier measured by sales volume in 2024.
“ China Smart Home Products Company Shenzhen SDMC Technology Hong Kong IPO Share Price Increased +86.6% on Day 1 Trading (27/5/26: IPO Price: HKD 32.80, Closing HKD 61.20) to $1.6 Billion Market Value & Raised $80 Million in IPO, Founded in 2003 by Li Bo “
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China Smart Home Products Company Shenzhen SDMC Technology Hong Kong IPO to Raise $80 Million at $877 Million Valuation with Expected IPO Listing on 27th May 2026, Founded in 2003 by Li Bo
20th May 2026 – China smart home products company Shenzhen SDMC Technology Hong Kong IPO is raising $80 million at $877 million valuation, with expected IPO listing on 27th May 2026. Shenzhen SDMC Technology was founded in 2003 by Li Bo. Shenzhen SDMC Technology – We are a provider of smart home products for enterprise customers, focused on enhancing home applications through intelligent technologies. The smart home products we offer include both hardware and software products. During the Track Record Period, our revenue was mainly generated from sales of hardware products, namely our digital video devices and network communication devices. Smart home products refer to an integrated home ecosystem that connects and manages various smart devices across the household, enabling whole-home network coverage and device interaction. Different from smart home product providers who sell self-branded products directly to consumers, we, as a provider of smart home products for enterprise customers, develop and sell digital video devices and network communication devices with our customers’ brands, and provide system platforms and services, to enterprise customers. Our solutions allow users to control their home with ease leveraging the application of cloud, IoT and AI technologies, through our digital video devices, such as media streaming terminals, speakers, projectors, and cameras, network communication devices, such as optical network terminals, Wi-Fi routers, and cable modems, and system platforms, such as Cedar, XHome and XMediaTV. According to Frost & Sullivan, we are the eighth largest provider globally, and the third largest among Chinese Mainland-based providers, in the global smart home product for enterprise customers market in terms of revenue in 2024, with a market share of 2.7%. In terms of market size in 2024, the global enterprise smart home product market accounts for approximately 14.7% of the entire global smart home product market. Founded in 2003 by entrepreneur Mr. Li Bo, our odyssey commenced with the development and sales of cryptographic chips. In the years that followed, we set foot in digital TV modules and TV dongles. In 2012, we launched AOSP-based digital video solutions, and started partnering with overseas telecom operators. As a testament to our technical capabilities, we became one of the first companies in China to secure a Google Android TV certification in 2017 and the first ODM company worldwide to secure a Google TV projector certification in 2023, which proved our technological capability and fostered the development of projectors with copyright content in overseas markets, and brought us business opportunities to establish cooperation with Google TV projector brand owners. Per Frost & Sullivan, we are the world’s largest Android TV smart terminal supplier measured by sales volume in 2024.
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