DOBOT (02432) Drops Nearly 4% Ahead of Lock-up Expiry, Completes Second Share Placement This Year

Stock News12-22 14:56

DOBOT (02432) fell nearly 4%, with its current share price halving from its March peak this year. At the time of writing, the stock declined 3.81% to HKD 31.78, with a turnover of HKD 222 million. The drop comes as the company approaches the expiry of its lock-up period. According to a previous announcement, the last day of the lock-up commitment for major shareholders, pre-IPO investors, and independent investors is December 22, 2025. Additionally, on November 6, DOBOT announced plans to place 16.66 million new H-shares at HKD 46.80 per share, representing a 10.3% discount to the closing price of HKD 52.20 on November 5. The net proceeds from the placement are approximately HKD 771 million. Notably, this marks the company's second large-scale share placement for fundraising this year.

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