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Shenzhen LDROBOT Nets HK$807 Million Ahead of Hong Kong Debut

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-- Shenzhen LDROBOT (HKG:1236) raised about HK$806.8 million in net proceeds from its initial public offering in Hong Kong.

The offer price was set at HK$26.36 per H-share, below the maximum offer price of HK$30.00, according to a Friday after-market Hong Kong bourse filing.

The Chinese robotics company offered 33.3 million H-shares in the global offering.

The Hong Kong public offer was 6,707.66 times subscribed, with 3.3 million shares allocated, representing 10% of the total offering.

The international offering was 9.54 times subscribed, with 30 million shares allocated, accounting for 90% of the total offering.

Cornerstone investor KCH Vision Investment was allocated about 10.5 million shares, according to the filing.

Shenzhen LDROBOT is scheduled to begin trading in Hong Kong on Monday, May 11.

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