IPO News | Gmilai Hong Kong Stock IPO Prospectus Expires

The Zhitong Finance App learned that the Hong Kong stock prospectus submitted on January 29, 2026 (Gmilai for short) was 6 months old and expired on July 29, 2026. CITIC Securities was the sole sponsor at the time of submission.

According to the previous prospectus, Gemile is a leading professional coffee machine company in China. The company distributes its products to more than 60 countries and regions around the world, with cumulative sales of more than 2 million units. The company has served more than 400,000 users and has become a representative Chinese coffee machine brand entering the international market. According to Frost & Sullivan, in terms of revenue, the company is the second-largest coffee machine brand in the Chinese coffee machine industry, and is also the largest domestic coffee machine brand, with a market share of about 7.5% in 2024. In the same year, in terms of revenue, the company ranked as the number one coffee machine brand in the semi-automatic espresso machine industry in China, with a market share of about 16.0%. It is also the largest brand in the split semi-automatic espresso machine industry, with a market share of about 27.9%.