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China’s Robotics Firm SEER (Shanghai Intelligent Robot Co., Ltd.) Witnesses Over 5,900-Fold Oversubscription in Hong Kong IPO Public Offering
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Author：小编
On June 15, Shanghai Intelligent Robot Co., Ltd. officially opened its share subscription process and is slated to debut on the Hong Kong Stock Exchange on June 24. This move positions it as the 11th special technology company to go public under Chapter 18C regulations this year. The company is offering 10.4973 million H-shares globally at an issue price of HKD 101.60 per share, with the goal of raising approximately HKD 1.07 billion (around USD 136 million). Notably, the 2.1 million shares earmarked for public subscription in Hong Kong experienced an astonishing 5,934.56-fold oversubscription. Meanwhile, the 8.4 million shares offered internationally were oversubscribed by 21.29 times, culminating in net proceeds of HKD 995.4 million.
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