ROBOTPHOENIX completes HK$750.30 million IPO; Hong Kong tranche 14,855× subscribed

Bulletin Express05-15 23:04

Robotphoenix Intelligent Technology Co., Ltd. (short name: ROBOTPHOENIX) has released final allotment results for its Hong Kong IPO:

• Offer structure: 24.60 million H-shares priced at HK$30.50 each, yielding gross proceeds of HK$750.30 million and estimated net proceeds of HK$672.90 million after HK$77.40 million in listing expenses.

• Demand dynamics: The Hong Kong public offering drew 330,334 valid applications for 4.92 million shares after claw-back, translating into oversubscription of 14,855.40 times. Consequently, 3.69 million shares were reallocated from the international tranche, lifting the public portion to 20 % of the deal. The international placing (19.68 million shares) was 9.77 times subscribed.

• Shareholder mix: Post-listing, public investors will hold about 63.02 % of the company’s enlarged share capital, comfortably above the 20.08 % minimum public-float threshold. The top 25 placees took 74.64 % of the international offer shares, with the single largest placee receiving 3.15 million shares (1.28 % of total issued H-shares).

• Key lock-ups: Founder and chairman Dr. Zhang Sai and three related partnerships will lock up 55.24 million H-shares (22.55 % of total share capital) until 17 May 2027. Two pathfinder strategic investors hold 12.44 % combined, also locked up for six months post-listing.

• Connected allocations: Small portions of the international tranche were placed with connected clients of distributors and existing shareholders’ associates, all within Stock Exchange waivers and representing less than 0.54 % of total share capital per recipient.

• Timetable: Trading is scheduled to commence on 18 May 2026 on the Hong Kong Stock Exchange under stock code 06871; shares will trade in board lots of 100.

Regulatory compliance: Directors confirm at least 50 % of offer shares were allocated to independent price-setting investors, more than 300 shareholders are in place, and free-float requirements under Listing Rules are met.

Risk flag: The Stock Exchange highlights high concentration of shareholding, warning investors of potential price volatility.

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