Futu supports the listing of the 'first spatial awareness robotics stock' - LD Robot surges over 120% on its debut

On May 11, 2026, Shenzhen Ledong Robotics Co., Ltd. (referred to as 'Ledong Robotics', stock code: $LDROBOT (01236.HK)$ ) officially listed on the Main Board of the Hong Kong Stock Exchange, marking the company's official entry into a new phase of development driven by a global capital platform.

In this global offering, Futu Securities acted as joint bookrunners and joint lead managers, forming part of the underwriting syndicate alongside Haitong International and Guotai Junan International, leveraging the advantages of a technology trading platform to help the company attract a diverse range of investors and build a solid foundation for subsequent market liquidity. Additionally, Futu Finance provided LD Robot with one-stop financial advisory services including IPO communications, media outreach, listing ceremony coordination, and thank-you dinner planning, helping it establish communication channels with participants in the Hong Kong capital market and communicate the company’s value.

According to the prospectus disclosure, this IPO introduced Chengtong Hengyuan Investment Co., Ltd. as a cornerstone investor, subscribing to approximatelyHK$277 million, accounting for30.78%of the total number of shares offered globally at the mid-point of the offering price, demonstrating the capital market's recognition of the company's technological barriers and growth potential.

According to CIC data, based on revenue in 2024, LD Robot ranked first globallyin the market share for intelligent robot vision perception solutions; cumulative shipments of smart robot devices equipped with its vision perception technology have exceeded9 million units. The company’s "Vision Perception Technology and Products + Smart Lawn Mower Robots" dual-driven strategy is clear. Among them, the smart lawn mower robot business is projected to generate revenue ofRMB 137 million, a significant increase year-over-year488.2%in 2025, with its revenue contribution increasing to18.3%, becoming the second growth curve after vision perception.

Financial data shows that the company's performance has experienced rapid growth for three consecutive years, with strong growth momentum. From 2023 to 2025, the company's total operating revenue increased from277 million yuanto748 million in 2025，with a compound annual growth rate of 64.4%; the company’s profitability continues to improve, with the adjusted net loss ratio narrowing from 20.2% in 2023 to3.5%, demonstrating clear high-quality growth momentum.

In terms of industry prospects, the global penetration rate of intelligent robots continues to rise, with large AI models accelerating their deployment from the cloud to robot terminals, driving explosive demand for core technologies such as visual perception, autonomous navigation, and scene understanding. According to灼识咨询data, the global intelligent robotics market size in 2024 is369 billion yuanyuan, and is expected to reach1,005.8 billion yuanby 2029, with a compound annual growth rate during this period reaching22.2%。

In terms of the use of proceeds, Ledong Robotics plans to strategically allocate the net proceeds from this IPO as follows:

– 45.0%To strengthen R&D in visual perception technology for intelligent robots, upgrade AI functional algorithm structures, and continuously optimize visual perception products for intelligent robots as well as intelligent robot products;

– 30.0%To optimize production capacity and expand output capabilities, supporting large-scale shipment volumes;

– 10.0%To invest in brand building and international expansion, expanding the overseas customer base;

– 5.0%To explore potential investment and acquisition opportunities to enhance technical capabilities and achieve scaled overseas expansion;

– 10.0%To be used as working capital and for general corporate purposes.

---------------------------------------------------------------------

As a leading digital financial technology company, Futu, supported by an investor ecosystem of over 29.18 million and a comprehensive corporate service system, is able to provide companies with end-to-end services throughout the pre-IPO, IPO, and post-IPO phases. These include a one-stop ESOP option management solution, Hong Kong and US stock IPO distribution, investor relations (IR) and public relations (PR), financial public relations services, international placement, secondary trading services, and other core services.

As of Q4 2025, more than half of the top ten companies by Hong Kong IPO fundraising amounts have partnered with Futu. Nearly half of the Hong Kong IPO projects in Q4 involved cooperation with Futu. The total subscription amount for Hong Kong IPOs on Futu's platform reached HKD 3.5 trillion in Q4, firmly ranking first in the market. Its capabilities in US IPOs have gained attention, with all retail clients successfully allocated shares in popular new stocks such as Bullish, Figure, and Gemini.

As of Q4 2025, Futu's corporate services have reached 1,161 clients, providing IPO distribution and IR services to 600 enterprises. It has assisted 387 companies, including Meituan, Kuaishou, Xiaomi, Baidu, KE Holdings, JD Health, and Bilibili, in successfully listing in Hong Kong and the United States. Futu has cumulatively signed contracts with 830 ESOP clients, and a total of 1,300 listed companies are now hosted on the Futu platform.

In the future, Futu will fully leverage its resources and market influence to provide more professional and efficient services to a larger customer base!

*Securities-related businesses such as IPO distribution are provided by licensed subsidiaries under Futu.

*Data source: Market cap as of the first day of listing

*Data source: Futu's Q4 2025 earnings report

43K Views