OneRobotics (HKG:6600) launched its Hong Kong initial public offering on Thursday, aiming to raise up to HK$1.80 billion.
The home robotics systems provider is offering 22.2 million H-shares at an indicative price range of HK$63.00 to HK$81.00 per share, according to a Hong Kong bourse filing.
The offering comprises 2.2 million shares for Hong Kong investors and 20.0 million shares for international investors, subject to reallocation and the overallotment option.
Pricing is expected to be set on Dec. 24, with allocation results due by Dec. 29, ahead of the company's planned trading debut on Dec. 30.
Net proceeds will be used primarily to strengthen research and development in home robotics technologies, including AI vision, humanoid chore robots, and robotic manipulation.
Funds will also support the expansion of global sales and marketing channels, the repayment of a portion of bank borrowings, and working capital and general corporate purposes.
Guotai Junan Capital and Huatai Financial Holdings (Hong Kong) are acting as joint sponsors for the offering.
Guotai Junan Securities (Hong Kong) and Huatai Financial Holdings (Hong Kong) are serving as joint sponsor overall coordinators, overall coordinators and joint global coordinators, and are also acting as joint bookrunners and joint lead managers.
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