China's robots maker Shenzhen Ldrobot shines in Hong Kong debut
11/05/2026 05:42
** Shares of Shenzhen Ldrobot Co Ltd 1236.HK jump as much as 150.4% from offer price to HK$66 in Hong Kong debut, bucking a 0.3% slip in benchmark Hang Seng Index .HSI
** Stock last up 128% with 12.87 mln shares worth HK$783.62 million ($100.09 million) traded
** Maker of complete robots and intelligent visual perception products for robotic vacuum cleaners, robot lawn mowers, and restaurant service robots sold 33.33 mln shares at HK$26.36 apiece in global offering
** Says HK$878.6 mln will be used for R&D, expanding customer base and production capacity, among others
** Hong Kong public offering portion was 6,707.66 times subscribed, while international offering portion was 9.54 times subscribed
($1 = 7.8293 Hong Kong dollars)
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))