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Shenzhen Dobot Targets HK$832 Milion From Hong Kong IPO

MT Newswires Live2024-12-13

Shenzhen Dobot (HKG:2432) launched its initial public offering in Hong Kong, seeking to raise as much as HK$832 million.

The robotics services provider is offering 40,000,000 shares at HK$18.80 to HK$20.20 apiece.

The issuer expects to determine its offer price on Dec. 19 and disclose the allocations on Dec. 20. It will then start trading on the Hong Kong bourse on Dec. 23, according to a Friday filing on the exchange.

Proceeds from the deal will be used to develop technology for intelligent robots, production lines and manufacturing capabilities, building business alliances through strategic acquisitions, building overseas sales channels, and working capital and general corporate purposes.

Guotai Junan International, ABC International, PA Securities (HK), Shenwan Hongyuan, and TradeGo Market are the joint bookrunners of the IPO.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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