The initial public offering for ROBOTPHOENIX (06871), a robotics company focused on light industrial applications, has concluded. Market sources indicate that the public offering portion was oversubscribed by approximately 14,891 times. This surpasses the 11,464 times oversubscription recorded by GEM-listed GOLDEN LEAVES INTERNATIONAL (08549) last year, positioning ROBOTPHOENIX to potentially become the new record holder for highest oversubscription in Hong Kong's IPO history. The public offering attracted applications from around 330,000 investors, involving total subscription funds of approximately HK$564.3 billion.

ROBOTPHOENIX conducted its share offering from May 8 to May 13 and is scheduled to list on the Hong Kong Stock Exchange on May 18. The company plans to issue 24.6 million H shares, with 5% allocated to the Hong Kong public offering. The offer price is set at HK$30.5 per share, aiming to raise approximately HK$750 million. Each board lot consists of 100 shares, with an entry cost of HK$3,080.8 per lot. ABCI is acting as the sole sponsor.

According to its prospectus, ROBOTPHOENIX is a Chinese industrial robotics enterprise specializing in the design, research and development, manufacturing, and commercialization of industrial robots. It provides integrated robotic solutions with a deep focus on light industrial application scenarios. A Frost & Sullivan report states that, based on 2025 revenue estimates, ROBOTPHOENIX ranks as the fourth-largest domestic enterprise among China's industrial robotics and related solution providers focused on light industrial applications. According to the same source, the company is also one of the few robotics firms in China with the capability to offer scaled industrial robotics and related solutions. It assists enterprise clients across various industries in enhancing production efficiency, optimizing costs, and improving product quality, ultimately facilitating their intelligent transformation.