New IPO News | Luosh Robotics, dubbed the 'first stock in full-range intelligent robots,' has launched its initial public offering and plans to list on July 9, with a minimum subscription amount of HK$3,838.32 per lot

Futu News, June 30:$ROKAE ROBOTICS (03752.HK)$The company announced that the subscription period will run from June 30 to July 6. It intends to globally offer approximately 12.632 million shares, with listing expected on July 9.

Company Overview

The company primarily manufactures and sells robotic products and, secondarily, provides related robotics solutions in both mainland China and overseas markets. It is committed to the design, development, manufacturing, and commercialization of its products and solutions. Leveraging its proprietary technology platform, the company has built a diverse portfolio of robotic applications covering industrial robots, flexible collaborative robots, embodied intelligent robots, and associated robotics solutions—products and solutions characterized by performance, flexibility, intelligence, safety, and robustness.

The company offers a broad portfolio of intelligent robots and robotics solutions. Its industrial robots are specifically engineered for manufacturing scenarios, delivering exceptional speed, precision, and operational reliability. For processes requiring seamless human-robot collaboration, the company’s collaborative robots support flexible manufacturing and complex tasks such as precision assembly and welding.

Financial Summary

The company’s revenue for 2023, 2024, and 2025 amounted to RMB 267.0 million, RMB 325.3 million, and RMB 521.7 million, respectively. Gross profit was recorded at RMB 30.6 million, RMB 71.2 million, and RMB 114.2 million, corresponding to gross margins of 11.4%, 21.9%, and 21.9%. During the same periods, the company reported net losses of RMB 157.5 million, RMB 191.8 million, and RMB 179.3 million, respectively.

Use of Proceeds

Regarding the use of proceeds, Luoshi Robotics expects net proceeds from the global offering to be approximately HK$810 million (assuming the over-allotment option is not exercised and based on an issue price of HK$38 per share). According to the prospectus, Luoshi Robotics intends to allocate the net proceeds from the global offering as follows:

Approximately 35.0% of the net proceeds will be used between 2026 and 2029 to enhance the company’s research and development capabilities and expand its range of robots and related solutions. Approximately 25.0% will be allocated between 2026 and 2029 to develop the company’s overseas sales network to increase market share and support international business growth. Approximately 22.0% will be dedicated between 2026 and 2029 to improving production efficiency and capacity to support rapid business expansion. Approximately 8.0% will be used between 2026 and 2029 for strategic investments to achieve long-term development goals, all of which will be made in the form of minority equity stakes. Approximately 10.0% will be reserved between 2026 and 2029 for working capital and other general corporate purposes.

Further reading:Luoshi Robotics IPO prospectus prospectus

The golden season for subscribing to new IPOs is here! Subscribe to new listings with Futu—zero interest, zero fees, and cashless subscription. Join the campaign now for a chance to waive your IPO subscription fees for one year.Come and experience it now >>

Editor/Vincent

27K Views