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Around 80% of new listings rose on their debut in 2026; can this strong performance be sustained?
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IPO Pricing | Mech-Mind Robotics listed today, with subscription exceeding 3,800 times; priced at the upper limit of HK$101.7 per share

Futu News, September 1: $MECH-MIND ROBOT (09615.HK)$ Announced allotment results: priced at HK$101.7 per share, with a total issuance of 23.1406 million shares. Each lot consists of 30 shares, and the stock officially listed today.
During the public offering phase, Mech-Mind Robotics received subscriptions 3,835.36 times over. The final number of shares for the public offering was 4.6281 million, accounting for approximately 20% of the total offer shares. A total of approximately 252,500 valid applications were received, with about 89,100 applications accepted. The approximate percentage of allocated shares for one-lot applications relative to the total applied shares was 3%.
Additionally, during the international placement phase, Mech-Mind Robotics received subscriptions 13.39 times over. The final number of internationally placed shares was 18.5125 million, equivalent to 80% of the total offer shares. Futu has compiled the relevant data in the table below:
Futu News, September 1: $MECH-MIND ROBOT (09615.HK)$ Announced allotment results: priced at HK$101.7 per share, with a total issuance of 23.1406 million shares. Each lot consists of 30 shares, and the stock officially listed today. During the public offering phase, Mech-Mind Robotics received subscriptions 3,835.36 times over. The final number of shares for the public offering was 4.6281 million, accounting for approximately 20% of the total offer shares. A total of approximately 252,500 valid applications were received, with about 89,100 applications accepted. The approximate percentage of allocated shares for one-lot applications relative to the total applied shares was 3%. Additionally, during the international placement phase, Mech-Mind Robotics received subscriptions 13.39 times over. The final number of internationally placed shares was 18.5125 million, equivalent to 80% of the total offer shares. Futu has compiled the relevant data in the table below: Company Overview Mech-Mind Robotics is a supplier of intelligent robotics components, with its products deployed in equipment used in end customers' production and operational processes. The company's systems utilize 3D vision technology to capture point cloud data for precise spatial perception and employ AI algorithms based on deep learning. Trained on extensive industrial data, these algorithms enable autonomous recognition, decision-making, and motion planning under complex conditions such as random stacking, reflective surfaces, and partial occlusion, without relying on manual programming. Since its establishment, the company has adhered to a globalization strategy...
Futu News, September 1: $MECH-MIND ROBOT (09615.HK)$ Announced allotment results: priced at HK$101.7 per share, with a total issuance of 23.1406 million shares. Each lot consists of 30 shares, and the stock officially listed today. During the public offering phase, Mech-Mind Robotics received subscriptions 3,835.36 times over. The final number of shares for the public offering was 4.6281 million, accounting for approximately 20% of the total offer shares. A total of approximately 252,500 valid applications were received, with about 89,100 applications accepted. The approximate percentage of allocated shares for one-lot applications relative to the total applied shares was 3%. Additionally, during the international placement phase, Mech-Mind Robotics received subscriptions 13.39 times over. The final number of internationally placed shares was 18.5125 million, equivalent to 80% of the total offer shares. Futu has compiled the relevant data in the table below: Company Overview Mech-Mind Robotics is a supplier of intelligent robotics components, with its products deployed in equipment used in end customers' production and operational processes. The company's systems utilize 3D vision technology to capture point cloud data for precise spatial perception and employ AI algorithms based on deep learning. Trained on extensive industrial data, these algorithms enable autonomous recognition, decision-making, and motion planning under complex conditions such as random stacking, reflective surfaces, and partial occlusion, without relying on manual programming. Since its establishment, the company has adhered to a globalization strategy...
Company Overview
Mech-Mind Robotics is a supplier of intelligent robotics components, with its products deployed in equipment used in end customers' production and operational processes. The company's systems utilize 3D vision technology to capture point cloud data for precise spatial perception and employ AI algorithms based on deep learning. Trained on extensive industrial data, these algorithms enable autonomous recognition, decision-making, and motion planning under complex conditions such as random stacking, reflective surfaces, and partial occlusion, without relying on manual programming.
Since its inception, the company has adhered to a globalization strategy, continuously promoting advanced embodied AI technologies worldwide. As of the Latest Practicable Date, the company's standardized, universal integrated hardware-software products have been sold in nearly 50 countries and regions, including China, North America, Europe, Japan, South Korea, and Southeast Asia, serving a global customer base.
Financial Overview
In recent years, Mech-Mind Robotics' revenue has continued to grow, reaching RMB 180.8 million, RMB 268.8 million, and RMB 388.8 million in 2023, 2024, and 2025, respectively. For the same periods, the company's gross profits were RMB 70.6 million, RMB 137.4 million, and RMB 251.1 million, respectively. In 2023, 2024, and 2025, the company's net losses were RMB 401.0 million, RMB 283.3 million, and RMB 360.2 million, respectively.
Source: Prospectus
Source: Prospectus
Use of Proceeds
Regarding the use of proceeds, Mech-Mind Robotics is expected to raise net proceeds of approximately HK$2.2 billion from its global offering (assuming the over-allotment option is not exercised, based on an offer price of HK$101.7). According to the prospectus, Mech-Mind Robotics intends to allocate the funds raised from the global offering to the following purposes:
Approximately 31.8% will be used to fund research and development of the Company's products and technologies; approximately 25.2% will be used to enrich the Company's product portfolio and expand application scenarios; approximately 29.4% will be used to enhance the Company's global presence and accelerate commercialization; approximately 5.0% will be used to expand production capacity and improve operational efficiency; and approximately 8.6% will be used for working capital and general corporate purposes.
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Futu News, September 1: $MECH-MIND ROBOT (09615.HK)$ Announced allotment results: priced at HK$101.7 per share, with a total issuance of 23.1406 million shares. Each lot consists of 30 shares, and the stock officially listed today. During the public offering phase, Mech-Mind Robotics received subscriptions 3,835.36 times over. The final number of shares for the public offering was 4.6281 million, accounting for approximately 20% of the total offer shares. A total of approximately 252,500 valid applications were received, with about 89,100 applications accepted. The approximate percentage of allocated shares for one-lot applications relative to the total applied shares was 3%. Additionally, during the international placement phase, Mech-Mind Robotics received subscriptions 13.39 times over. The final number of internationally placed shares was 18.5125 million, equivalent to 80% of the total offer shares. Futu has compiled the relevant data in the table below: Company Overview Mech-Mind Robotics is a supplier of intelligent robotics components, with its products deployed in equipment used in end customers' production and operational processes. The company's systems utilize 3D vision technology to capture point cloud data for precise spatial perception and employ AI algorithms based on deep learning. Trained on extensive industrial data, these algorithms enable autonomous recognition, decision-making, and motion planning under complex conditions such as random stacking, reflective surfaces, and partial occlusion, without relying on manual programming. Since its establishment, the company has adhered to a globalization strategy...
Edited by/Joe
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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