Changzhou Microintelligence (HKG:3275) launched its Hong Kong initial public offering on Tuesday, seeking to raise up to HK$800 million.

The industrial robotics company is offering 37.3 million H shares at a maximum price of HK$21.46 each, according to a Hong Kong bourse filing.

The offering comprises 3.7 million shares for Hong Kong investors and 33.5 million shares for international investors, subject to reallocation and the over-allotment option.

The offer price is expected to be determined by Oct. 26, with allocation results due by Oct. 27, ahead of the company's planned trading debut on Oct. 28.

Proceeds will mainly fund research and development of embodied intelligent industrial robots, including end-to-end industrial vision-language-action models and embodied AI hardware.

The company also plans to expand its overseas sales and service network, pursue strategic investments and acquisitions, and expand manufacturing capacity.

The remainder will be allocated to working capital and general corporate purposes.

The offering has one cornerstone investor, Elbe Rhein Investment, which has committed to subscribe for HK$15.7 million worth of shares.

Orient Capital (Hong Kong) is serving as the sole sponsor, while Orient Securities (Hong Kong) is the sponsor-overall coordinator.

Orient Securities and BOCI Asia are acting as overall coordinators, joint global coordinators, joint bookrunners and joint lead managers, alongside Futu Securities International.