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joined discussion · May 11 07:34 ·

IPO Pricing | LeDong Robotics goes public today, with over 6700 times subscription, priced at HKD 26.36 per share, gaining HKD 7828 per lot in the gray market

Futu Information reported on May 11 that $LDROBOT (01236.HK)$ Announced the allocation results, with a price of HKD 26.36 per share, issuing a total of 33,333,400 shares, 200 shares per lot, officially listed today.
On the previous trading day, Leadbot's grey market closed up 148.48% at HKD 65.5 per share. With each lot consisting of 200 shares, investors made a profit of HKD 7,828 per lot excluding handling fees.
During the public offering phase, Leadbot received subscriptions 6,707.66 times the offered amount. The final number of shares available for public offering was 3.3334 million shares, accounting for approximately 10% of the total issuance. A total of around 296,700 valid applications were received, with about 16,667 accepted applications. The approximate allocation percentage of shares for one-lot subscribers relative to the total applied-for shares was 0.8%.
Additionally, during the international placement phase, Leadbot received 9.54 times subscription. The final number of shares in the international placement was 30 million shares, equivalent to 90% of the total issued shares. Futu Information has compiled relevant data in the table below:
Futu Information reported on May 11 that $LDROBOT (01236.HK)$ Announced the allocation results, with a price of HKD 26.36 per share, issuing a total of 33,333,400 shares, 200 shares per lot, officially listed today. On the last trading day, LeDong Robotics' gray market closed up 148.48%, at HKD 65.5, 200 shares per lot, without considering handling fees, gaining HKD 7828 per lot. During the public offering phase, LeDong Robotics received a subscription of 6707.66 times. The final number of shares offered to the public was 3,333,400, accounting for approximately 10% of the total offering. A total of about 296,700 valid applications were received, with about 16,667 applications processed, and the percentage of shares allocated per lot relative to the total number of applied shares is approximately 0.8%. In addition, during the international placement phase, LeDong Robotics received a subscription of 9.54 times. The final number of shares in the international offering was 30 million, equivalent to 90% of the total offering. Futu Information compiled the relevant data in the table below: Company Overview LeDong Robotics is one of the companies with a product matrix of intelligent robotic vision perception technology, covering various intelligent robotic LiDAR products. Its smart vision perception products are integrated into a wide range of whole-body robots (such as floor-cleaning robots, lawn-mowing robots, room-service robots, restaurant food-delivery robots, inspection robots, and logistics robots). Seizing all...
Futu Information reported on May 11 that $LDROBOT (01236.HK)$ Announced the allocation results, with a price of HKD 26.36 per share, issuing a total of 33,333,400 shares, 200 shares per lot, officially listed today. On the last trading day, LeDong Robotics' gray market closed up 148.48%, at HKD 65.5, 200 shares per lot, without considering handling fees, gaining HKD 7828 per lot. During the public offering phase, LeDong Robotics received a subscription of 6707.66 times. The final number of shares offered to the public was 3,333,400, accounting for approximately 10% of the total offering. A total of about 296,700 valid applications were received, with about 16,667 applications processed, and the percentage of shares allocated per lot relative to the total number of applied shares is approximately 0.8%. In addition, during the international placement phase, LeDong Robotics received a subscription of 9.54 times. The final number of shares in the international offering was 30 million, equivalent to 90% of the total offering. Futu Information compiled the relevant data in the table below: Company Overview LeDong Robotics is one of the companies with a product matrix of intelligent robotic vision perception technology, covering various intelligent robotic LiDAR products. Its smart vision perception products are integrated into a wide range of whole-body robots (such as floor-cleaning robots, lawn-mowing robots, room-service robots, restaurant food-delivery robots, inspection robots, and logistics robots). Seizing all...
Company Overview
LD Robot is one of the companies that owns a product portfolio of intelligent robotic visual perception technology, covering various smart robotic LiDAR products. The company's intelligent vision perception products are integrated into a wide range of complete robotic systems (such as vacuum cleaning robots, lawn mowing robots, room service robots, restaurant delivery robots, inspection robots, and logistics robots). Seizing the booming global market for smart lawn mowing robots, the company has efficiently developed and successfully mass-produced fully intelligent lawn mowing robot products.
Visual perception technology and products represent the first growth curve of the company’s business. The company believes that visual perception technology is one of the core technologies in the application and continuous development of intelligent robots. Therefore, it has mainly focused on the research, development, and design of intelligent robot visual perception technology and products. Smart lawn mowing robots are becoming the second growth curve of the company’s business. Based on years of accumulated visual perception technology and its self-developed universal robotics R&D platform, the company has gradually extended its business downstream, expanding its capabilities in the R&D, design, and mass production of complete intelligent robotic products.
Financial Summary
Ledorobotics' revenue increased from RMB 276.6 million in 2023 to RMB 467.3 million in 2024, and further grew to RMB 747.8 million in 2025, representing a compound annual growth rate (CAGR) of 64.4% from 2023 to 2025. In 2023, 2024, and 2025, the company recorded net losses of RMB 68.5 million, RMB 56.5 million, and RMB 62.5 million, respectively. During the same period, the company’s R&D expenditures were RMB 95.9 million, RMB 94.9 million, and RMB 121.1 million, respectively.
Futu Information reported on May 11 that $LDROBOT (01236.HK)$ Announced the allocation results, with a price of HKD 26.36 per share, issuing a total of 33,333,400 shares, 200 shares per lot, officially listed today. On the last trading day, LeDong Robotics' gray market closed up 148.48%, at HKD 65.5, 200 shares per lot, without considering handling fees, gaining HKD 7828 per lot. During the public offering phase, LeDong Robotics received a subscription of 6707.66 times. The final number of shares offered to the public was 3,333,400, accounting for approximately 10% of the total offering. A total of about 296,700 valid applications were received, with about 16,667 applications processed, and the percentage of shares allocated per lot relative to the total number of applied shares is approximately 0.8%. In addition, during the international placement phase, LeDong Robotics received a subscription of 9.54 times. The final number of shares in the international offering was 30 million, equivalent to 90% of the total offering. Futu Information compiled the relevant data in the table below: Company Overview LeDong Robotics is one of the companies with a product matrix of intelligent robotic vision perception technology, covering various intelligent robotic LiDAR products. Its smart vision perception products are integrated into a wide range of whole-body robots (such as floor-cleaning robots, lawn-mowing robots, room-service robots, restaurant food-delivery robots, inspection robots, and logistics robots). Seizing all...
Futu Information reported on May 11 that $LDROBOT (01236.HK)$ Announced the allocation results, with a price of HKD 26.36 per share, issuing a total of 33,333,400 shares, 200 shares per lot, officially listed today. On the last trading day, LeDong Robotics' gray market closed up 148.48%, at HKD 65.5, 200 shares per lot, without considering handling fees, gaining HKD 7828 per lot. During the public offering phase, LeDong Robotics received a subscription of 6707.66 times. The final number of shares offered to the public was 3,333,400, accounting for approximately 10% of the total offering. A total of about 296,700 valid applications were received, with about 16,667 applications processed, and the percentage of shares allocated per lot relative to the total number of applied shares is approximately 0.8%. In addition, during the international placement phase, LeDong Robotics received a subscription of 9.54 times. The final number of shares in the international offering was 30 million, equivalent to 90% of the total offering. Futu Information compiled the relevant data in the table below: Company Overview LeDong Robotics is one of the companies with a product matrix of intelligent robotic vision perception technology, covering various intelligent robotic LiDAR products. Its smart vision perception products are integrated into a wide range of whole-body robots (such as floor-cleaning robots, lawn-mowing robots, room-service robots, restaurant food-delivery robots, inspection robots, and logistics robots). Seizing all...
Use of Proceeds
In terms of capital raising purposes, Leadbot expects net proceeds from the global offering to be approximately HKD 807 million (based on an offer price of HKD 26.36). According to the prospectus, Leadbot plans to use the proceeds from the global offering for the following purposes:
Approximately 45% will be used to enhance R&D in intelligent robot visual perception technology, aiming to upgrade AI functional algorithms and optimize the company’s visual perception products and intelligent robot offerings; around 10% will be allocated to brand building and international expansion to grow its overseas customer base; roughly 30% will be dedicated to improving production capacity and scaling up manufacturing capabilities to support large shipment volumes; about 5% will be assigned to exploring potential investment and acquisition opportunities to strengthen the company’s technological capabilities and achieve overseas expansion at scale; and approximately 10% will serve as working capital and for general corporate purposes.
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Futu Information reported on May 11 that $LDROBOT (01236.HK)$ Announced the allocation results, with a price of HKD 26.36 per share, issuing a total of 33,333,400 shares, 200 shares per lot, officially listed today. On the last trading day, LeDong Robotics' gray market closed up 148.48%, at HKD 65.5, 200 shares per lot, without considering handling fees, gaining HKD 7828 per lot. During the public offering phase, LeDong Robotics received a subscription of 6707.66 times. The final number of shares offered to the public was 3,333,400, accounting for approximately 10% of the total offering. A total of about 296,700 valid applications were received, with about 16,667 applications processed, and the percentage of shares allocated per lot relative to the total number of applied shares is approximately 0.8%. In addition, during the international placement phase, LeDong Robotics received a subscription of 9.54 times. The final number of shares in the international offering was 30 million, equivalent to 90% of the total offering. Futu Information compiled the relevant data in the table below: Company Overview LeDong Robotics is one of the companies with a product matrix of intelligent robotic vision perception technology, covering various intelligent robotic LiDAR products. Its smart vision perception products are integrated into a wide range of whole-body robots (such as floor-cleaning robots, lawn-mowing robots, room-service robots, restaurant food-delivery robots, inspection robots, and logistics robots). Seizing all...
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Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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