On September 29, DIRECT DRIVE rose 9.17% in regular trading, trading at 23.64 HKD/share, with turnover of approximately 169 million HKD. The stock opened strong on its first day of trading on the Hong Kong Stock Exchange Main Board, attracting significant capital inflows.

The surge was driven by the company's highly anticipated IPO debut as the first direct-drive power module stock listed in Hong Kong. The Hong Kong public offering was oversubscribed by 208.56 times, with 36,052 successful subscribers, while the international placement was oversubscribed by 2.72 times. The company priced its global offering of 50 million H shares at 21.60 HKD per share, raising net proceeds of approximately 982.5 million HKD. Two cornerstone investors, Hong Kong Science and Technology Innovation and JSC International, subscribed for a combined 472 million HKD. Pre-listing dark pool trading had already shown gains exceeding 7%, signaling strong market confidence in the valuation.

DIRECT DRIVE is a robotics technology company with direct-drive technology at its core. As of mid-year, it was the world's first and only enterprise to ship over 5 million consumer robot direct-drive power module units, commanding a 61.1% market share in China's consumer robot direct-drive power module industry by revenue.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)