The public offering for SEER TECH (06106) concluded recently, having been open from June 15th to June 18th.

The company planned to issue 10.497 million H-shares at an offer price of HKD 101.6 per share, aiming to raise approximately HKD 1.07 billion.

Each board lot comprises 50 shares, requiring a minimum investment of HKD 5,131.2.

SEER TECH is expected to list on June 24th, with China International Capital Corporation (CICC) acting as the sole sponsor.

By the afternoon of June 17th, the public portion of the offering had attracted HKD 26.7 billion in margin financing subscriptions.

Against a public fundraising target of HKD 53.33 million, this represents an oversubscription of nearly 500 times.

As the company is applying for listing under Chapter 18C of the Listing Rules, a clawback mechanism is in place, initially allocating 5% of shares to the public offering.

This public portion will increase to 10% or 20% of the initial offering size if the Hong Kong public subscription reaches 10 times or 50 times or more of the initial allocation, respectively.

Furthermore, the listing includes a 15% overallotment option, allowing the company to issue an additional 1.5746 million shares.

The offering also features a 15% greenshoe option.

Assuming neither the overallotment nor greenshoe options are exercised, the company's post-listing market capitalization is estimated to be around HKD 11.2 billion.

The IPO secured cornerstone investments from entities including Hillhouse Capital's HHLRA, Yuanbao Family Office, 3W Fund, GF Fund, Rui Hua Investment, Zhonghe Capital, Yishao Capital, and Nova Kerry Inc.

These cornerstone investors have collectively subscribed for a total of USD 59 million (approximately HKD 460 million).

SEER TECH is an intelligent robotics company centered on its self-developed robot control system.

Leveraging its market position and leading technology in this core system, often referred to as the "robot brain," the company develops and sells robots, controllers, software, and accessories.

It provides comprehensive, one-stop intelligent robotics solutions encompassing development, acquisition, and implementation for real-world applications.

The company serves over 2,000 system integrators and end customers across more than 35 countries and regions.

In 2025, 82.7% of its revenue was generated from mainland China, with the remainder coming from overseas markets.

To date, more than 2,000 robot models have been deployed through its platform, covering over 20 sub-sectors including 3C electronics, automotive, automation equipment, new energy, semiconductors, construction machinery, and biomedicine.