Victory Giant Technology Huizhou Co is likely to price its listing in the Hong Kong Special Administrative Region at the highest possible figure, according to people familiar with the matter, in a sign of strong demand for the city’s biggest share sale in seven months.

The Chinese mainland maker of printed circuit board products — the intricate electronic backbone of artificial-intelligence servers — is slated to price shares at the maximum price of HK$209.88 each, the people said, asking not to be identified to discuss a private matter. 

Victory Giant may also exercise an option to increase the deal size to as much as $2.6 billion, the people said.

Deliberations on the pricing of the deal are ongoing, the people added. Victory Giant didn’t respond to a request for comment.

ALSO READ: Mainland's Huaqin seeks to raise nearly $581m in HKSAR listing

The Guangzhou-based company stopped taking orders from institutional investors a day earlier than expected, people familiar with the matter have said. Victory Giant, whose shares are also listed in Shenzhen, is set to make its Hong Kong debut next Tuesday.

The share sale, Hong Kong’s biggest since Zijin Gold International Co’s $3.7 billion offering in September, has kicked off what Hong Kong bankers hope to be a procession of heavyweight deals this year. Hong Kong listing proceeds are likely to top $40 billion in 2026, surpassing last year’s proceeds despite fresh snags like the intensifying scrutiny into initial public offerings, according to Bloomberg Intelligence. 

JPMorgan Chase & Co, China Securities International and GF Securities Co are leading Victory Giant’s offering.