New IPO News | 'Smart Robotics Company' SEER Robotics has launched its IPO, aiming to list on June 24, with a board lot subscription amount of HKD 5,131.24

Futu News, June 15: $SEER TECH (06106.HK)$ announced that its IPO will run from June 15 to June 18, offering approximately 10.4973 million shares globally, with listing expected on June 24.

Company Overview

SEER Robotics is a smart robotics company centered on robotic control systems (i.e., the 'robot brain'). The company’s self-developed robotic control technology—its key differentiating advantage—forms the foundation for its intelligent robotics products. Leveraging its market leadership and advanced technology in robot brains, the company develops and sells robots, controllers, software, and accessories, delivering end-to-end smart robotics solutions encompassing development, acquisition, and deployment for real-world applications.

Leveraging its expertise in robotic control systems and extensive accumulation of data from thousands of industrial scenarios, the company enables system integrators and end customers to more easily access intelligent robots. It has built a broad customer base, with over 2,000 system integrators and end customers across more than 35 countries and regions. To date, the company has deployed over 2,000 robot models through its platform, serving more than 20 specialized sectors including consumer electronics (3C), automotive, automation equipment, new energy, semiconductors, construction machinery, and biopharmaceuticals.

Source: Prospectus

Financial Summary

Seegrid Intelligence's revenue increased from RMB 249.0 million in 2023 to RMB 339.3 million in 2024, and further rose to RMB 441.9 million in 2025, representing a compound annual growth rate (CAGR) of 33.2% from 2023 to 2025. The company’s gross margins were 49.2%, 45.9%, and 47.4% in 2023, 2024, and 2025, respectively. Net losses amounted to RMB 47.7 million, RMB 42.3 million, and RMB 47.1 million in 2023, 2024, and 2025, respectively.

Source: Prospectus

Use of Proceeds

Regarding the use of proceeds, Seegrid Intelligence expects net proceeds of approximately HKD 995 million from the global offering (assuming the over-allotment option is not exercised and based on an issue price of HKD 101.6 per share). According to the prospectus, Seegrid Intelligence intends to allocate the proceeds from the global offering as follows:

Approximately 50% will be allocated over the next five years to advance research and development in technology and infrastructure; approximately 20% will be used to build a multi-functional center integrating R&D, operations, assembly, and testing capabilities to strengthen the company’s intelligent robot development and scalability over the next five years; approximately 15% will be directed toward pursuing acquisition and investment opportunities along the robotics industry chain; approximately 9.7% will be used to establish a global sales network; and approximately 5.3% will be allocated for working capital and general corporate purposes.

Further reading:Seegrid Intelligence Prospectus

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