February 13, 2026 — Beijing Haizhi Know-how Group (“Haizhi”) debuted on the Hong Kong Inventory Trade underneath ticker 2706.HK, turning into the world’s first listed firm targeted on utilizing AI‑pushed graph computing to eradicate massive mannequin hallucination.
The IPO comprised 28,030,200 H-shares. Hong Kong public providing was 5,065x oversubscribed; worldwide putting was 8.39x oversubscribed. Cornerstone traders included JSC Worldwide (underneath Beijing Monetary Holdings Group), Zhipu’s Jingsheng Hengxing, Infini Capital, and Mega Prime (Larger Bay Space Homeland Investments), collectively subscribing US$15 million.
Haizhi opened at HK$94.90 per share, up over 250% from the ultimate provide worth of HK$28, with a market cap exceeding HK$38 billion.
Based in 2013, Haizhi focuses on “graph‑mannequin fusion” — combining LLM reasoning with information graphs for precision and interpretability. Its core choices embody the Atlas Graph Answer (DMC platform, Atlas information graph platform, AtlasGraph database) and Atlas Brokers, now deployed throughout 360+ enterprise shoppers and over 100 eventualities.
In accordance with Frost & Sullivan, Haizhi ranked fifth amongst China’s industrial AI agent suppliers by 2024 income, and 1st in graph‑centric AI brokers with ~50% market share.
Income grew at a 26.8% CAGR from 2022 to 2024 (RMB 313M → 503M). Atlas Agent income surged 872.2% yr‑over‑yr (RMB 8.9M in 2023 → 86.6M in 2024).
Haizhi counts Legend Capital, BAI Capital, Hillhouse, IDG Capital, E‑City Capital, and China Web Funding Fund amongst its shareholders. Legend Capital is the most important institutional shareholder, having backed Haizhi since 2016. BAI Capital led the A+ spherical in 2013. Hillhouse, which first invested in 2014, holds 3.71% pre‑IPO — marking its sixth portfolio IPO in early 2026.
Supply :IPOzaozhidao
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