Debuts Today | "Direct Drive Pioneer" Direct Drive (06731) Lists for the First Time, Rising Nearly 9% in Morning Trading

Stock News09-29 09:50

The company priced its shares at HK$21.6 each, issuing a total of 50 million shares with a board lot of 100 shares, raising net proceeds of approximately HK$983 million.

As of the time of writing, Direct Drive (06731) shares are up 6.48% at HK$23, with a turnover of HK$190 million.

According to the prospectus, Direct Drive, founded in 2020, has established three core robotics technology platforms—robot power modules, wheel-legged robots, and modular assembly—along with two product lines covering robot power modules and complete robots, forming a dual-engine development system that spans from empowering core components to deploying full-machine scenarios.

In terms of scaled delivery and application of direct drive technology, Direct Drive has carved out a highly elastic growth curve.

According to Frost & Sullivan data, in 2025 the company shipped approximately 8.5 million direct drive power modules for the full year, making it the world's first and only company to exceed 5 million units in annual direct drive power module shipments, holding an absolutely dominant market share.

As of the first half of 2026, direct drive power module shipments reached approximately 5.7 million units, and the company has entered the supply chains of four of the world's top ten consumer robot manufacturers.

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