Reconova to boost global sales channels with IPO proceeds

Firm will expand vision intelligence products into three overseas regions using listing proceeds.

Reconova Technologies said it plans to expand its vision intelligence products for airports and commercial facilities into Southeast Asia, the Middle East, and Central Asia after raising $608m in its Hong Kong initial public offering (IPO).

The company, which listed on the Main Board of the Hong Kong Stock Exchange (HKEX) on 8 July, said about 10.4% of its IPO proceeds will be used to strengthen its marketing capabilities and expand global sales channels.

Reconova said it will build on its projects in China as it grows its overseas business. The company develops vision intelligence products for the civil aviation, commercial, and driving safety sectors.

As of 31 December 2025, its civil aviation products had been deployed in more than two-thirds of airports in China handling over 10 million passengers a year.

Citing business consulting firm Frost & Sullivan, Reconova said it ranked first in China's enterprise vision intelligence market for civil aviation by 2025 revenue, with an 8.7% market share.

Its SINHON Business System has been deployed in more than 60 large shopping malls, whilst its Recadas driving safety platform serves over 500,000 freight vehicles.

Frost & Sullivan reported the company ranked fourth in China's enterprise vision intelligence markets for both commercial spaces and driving safety, with market shares of 1.7% and 5.7%, respectively.

Reconova said revenue from its smart commercial business grew 59.3% year on year in 2025, whilst revenue from its smart driving safety business increased 68.0%.

The company priced its IPO at$21.66 per share. The Hong Kong public offering was 3,646.06 times oversubscribed, whilst the international placing was 3.08 times oversubscribed.

Reconova's shares opened at $18.00, reached an intraday high of $22.98, and closed at $21.00 on their debut, giving the company a market capitalisation of $6.41b.