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Shenzhen LDROBOT Seeks Up to HK$1 Billion in Hong Kong IPO

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Shenzhen LDROBOT (HKG:1236) launched its Hong Kong initial public offering on Thursday, seeking to raise up to about HK$1 billion from the deal.

The China-based robotics company is offering 33.3 million shares at an indicative price range of HK$24.00 to HK$30.00 per share, according to a Hong Kong bourse filing.

The offering comprises 3.3 million shares for Hong Kong investors and 30.0 million shares for international investors, subject to adjustment and the overallotment option.

The offer price is expected to be determined by May 7, with allocation results due by May 8, ahead of the company's planned trading debut on May 11.

Net proceeds will be used mainly to enhance research and development of intelligent robotic vision and AI-driven technologies, as well as support new product development.

The funds will also be used to expand production capacity and upgrade manufacturing capabilities, strengthen international expansion and brand building, and for working capital and general corporate purposes.

Haitong International Capital and Guotai Junan Capital are acting as joint sponsors.

Haitong International Securities and Guotai Junan Securities (Hong Kong) are serving as overall coordinators and are also acting as joint bookrunners and joint lead managers, alongside China International Capital Corporation Hong Kong Securities, and SDIC Securities (Hong Kong).

Futu Securities International (Hong Kong), Orient Securities (Hong Kong), CMBC Securities, and Yuet Sheung International Securities are acting as joint bookrunners and joint lead managers.

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