Stock Track | ROKAE ROBOTICS Soars 5% in Intraday Trading on Strong IPO Demand and Oversubscription

Stock Track07-09

ROKAE ROBOTICS (03752) soared 5.00% during intraday trading on Thursday, marking a significant gain for the robotics company on its debut day.

The stock's strong performance follows news that the company's Hong Kong initial public offering was met with exceptionally high demand. The Hong Kong public offering was oversubscribed by approximately 156.58 times, while the international offering was oversubscribed by approximately 11.96 times, indicating robust investor interest.

The successful IPO, which priced shares at HK$38 each and raised approximately HK$810.5 million in net proceeds, provided a positive backdrop for the stock's market debut. The strong subscription levels reflect investor confidence in the company's position as a leading domestic robot supplier in China's industrial and collaborative robot markets.

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