On June 30, Laifual Drive rose 5.15% in regular trading, trading at 91.0 HKD/share, with turnover of HKD 359 million. The stock officially debuted on the Hong Kong Stock Exchange main board at an offer price of HKD 85.50 per share.

The strong debut was driven by extraordinary subscription demand. The Hong Kong public offering was oversubscribed 4,571.99 times, while the international offering was oversubscribed 7.89 times. The company raised approximately HKD 1.15 billion gross and HKD 1.073 billion net through the global offering of 13.44 million H-shares. The IPO was priced at the top of the indicative range of HKD 77-85.50. Dark-market trading prior to listing had already shown the stock rising over 29%.

Laifual Drive is the second-largest harmonic reducer supplier in China by shipment volume with a 21.4% market share, and one of only two domestic manufacturers that have achieved mass production delivery of harmonic reducers for humanoid robots. The company sold over 870,000 harmonic reducers in 2025, with cumulative shipments surpassing one million units.

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