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Around 80% of new listings rose on their debut in 2026; can this strong performance be sustained?
富途企业服务
joined discussion · Sep 1 23:36

Futu supports Mech-Mind (09615.HK), the "first stock for embodied AI integrating vision, brain, and manipulation," in its successful listing on the Hong Kong Stock Exchange.

On September 1, 2026, Mech-Mind Robotics Technology Co., Ltd. (hereinafter referred to as "Mech-Mind"; stock code: ), a global leader in industrial 3D vision and intelligent robotics solutions, $MECH-MIND ROBOT (09615.HK)$ ), successfully listed on the Main Board of the Hong Kong Stock Exchange, officially becomingThe first stock for embodied AI integrating vision, brain, and manipulation, marking its entry into a new phase of global capital market development.
During this IPO process, Futu participated in the entire issuance as joint bookrunners (JBR) and joint lead managers (JLM). Leveraging the advantages of its global technology trading platform and its extensive resources of high-net-worth and institutional investors, Futu efficiently introduced diverse, high-quality, and actively traded global capital to Mech-Mind. This helped the company solidify its investor base and lay a strong foundation for post-listing stock activity and market liquidity.
According to the prospectus, Mech-Mind's IPO introduced nine top-tier institutions as cornerstone investors, led by the century-old asset management giant Baillie Gifford. Other subscribers included Taikang Life, Jane Street, Golden Link (the industrial capital arm of BYD), Invus, Ghisallo, Ruihua, NGS Super Fund, and E Fund. This prestigious lineup of industrial capital and professional investment firms provides strong support for the company's long-term stable development.
The prospectus shows that Mech-Mind is a global leader in industrial 3D vision and intelligent robotics solutions, with a self-developed integrated hardware-software product system. The company has deployed over 29,000 units globally, covering nearly 50 countries and regions, and serving more than 100 Fortune Global 500 companies. Its products are widely applied in high-end industrial scenarios such as automotive manufacturing, logistics and warehousing, new energy, and electronics manufacturing.
According to data from Frost & Sullivan:
- Based on 2025 revenue, the company's market share in the global AI + 3D vision-guided general-purpose intelligent robot component sector reached22.1%amongRanked number one globally,
- Based on 2025 shipment volume, the company's global share exceeded27%, far surpassing the combined share of the next four leading industry players, andit has remained ranked first globally for four consecutive years
- Product market share in China, North America, and other markets isfirst globally among independent urban NOA solution providers,, while it firmly holds a position in the industry's first tier in core overseas markets such as Europe, Southeast Asia, and South Korea, demonstrating significant global competitive advantages.
Financial data shows that the company maintains high growth and high gross margins, with strong overseas growth momentum. From 2023 to 2025, revenue was RMB 181 million, RMB 269 million, and RMB 389 million respectively, with a compound annual growth rate (CAGR) of 46.6%. Revenue in the first quarter of 2026 was RMB 107 million, a year-on-year increase of 73.1%, further strengthening the growth trend. Overseas business is a key growth driver; in 2025, overseas revenue accounted for 50.3% of total revenue, surpassing domestic revenue for the first time.
On September 1, 2026, Mech-Mind Robotics Technology Co., Ltd. (hereinafter referred to as "Mech-Mind"; stock code: ), a global leader in industrial 3D vision and intelligent robotics solutions, $MECH-MIND ROBOT (09615.HK)$ ), successfully listed on the Main Board of the Hong Kong Stock Exchange, officially becomingThe first stock for embodied AI integrating vision, brain, and manipulation, marking its entry into a new phase of global capital market development. During this IPO process, Futu participated in the entire issuance as joint bookrunners (JBR) and joint lead managers (JLM). Leveraging the advantages of its global technology trading platform and its extensive resources of high-net-worth and institutional investors, Futu efficiently introduced diverse, high-quality, and actively traded global capital to Mech-Mind. This helped the company solidify its investor base and lay a strong foundation for post-listing stock activity and market liquidity. According to the prospectus, Mech-Mind's IPO introduced nine leading institutions as cornerstone investors, led by the century-old asset management giant Baillie Gifford. Other subscribers included Taikang Life, Jane Street, Golden Link (the industrial capital arm of BYD), Invus, Ghisallo, Ruihua, NGS Super Fund, and E Fund. This impressive lineup of industrial capital and professional investment institutions provides strong support for the company's long-term stable development. The prospectus shows that Mech-Mind is the full...
The company adheres to a global strategy, with products covering nearly 50 countries and regions. It has established subsidiaries in Tokyo, Seoul, Chicago, and Munich, spanning key markets across Asia-Pacific, the Americas, and Europe. From 2023 to 2025, overseas revenue grew from RMB 58.59 million to RMB 196 million, representing a compound annual growth rate (CAGR) of 82.7%. The proportion of overseas revenue increased from 32.4% to 50.3%.
On September 1, 2026, Mech-Mind Robotics Technology Co., Ltd. (hereinafter referred to as "Mech-Mind"; stock code: ), a global leader in industrial 3D vision and intelligent robotics solutions, $MECH-MIND ROBOT (09615.HK)$ ), successfully listed on the Main Board of the Hong Kong Stock Exchange, officially becomingThe first stock for embodied AI integrating vision, brain, and manipulation, marking its entry into a new phase of global capital market development. During this IPO process, Futu participated in the entire issuance as joint bookrunners (JBR) and joint lead managers (JLM). Leveraging the advantages of its global technology trading platform and its extensive resources of high-net-worth and institutional investors, Futu efficiently introduced diverse, high-quality, and actively traded global capital to Mech-Mind. This helped the company solidify its investor base and lay a strong foundation for post-listing stock activity and market liquidity. According to the prospectus, Mech-Mind's IPO introduced nine leading institutions as cornerstone investors, led by the century-old asset management giant Baillie Gifford. Other subscribers included Taikang Life, Jane Street, Golden Link (the industrial capital arm of BYD), Invus, Ghisallo, Ruihua, NGS Super Fund, and E Fund. This impressive lineup of industrial capital and professional investment institutions provides strong support for the company's long-term stable development. The prospectus shows that Mech-Mind is the full...
According to an industry report by Frost & Sullivan, the global sectors of industrial embodied AI and AI-powered 3D vision robotics are experiencing explosive growth. Demand for flexible, unmanned, and intelligent upgrades in manufacturing continues to rise, with standardized smart solutions rapidly replacing traditional custom automation equipment, underscoring strong certainty in industry growth. Data shows that the industry's CAGR is projected to reach 43.2% from 2025 to 2030, rising to 57.5% from 2030 to 2035. The market size is expected to exceed RMB 102.5 billion by 2035, indicating substantial growth potential.
The prospectus indicates that Mech-Mind will allocate the net proceeds from this listing across five key areas: approximately 31.8% for enhancing R&D investment; approximately 29.4% for expanding global influence and accelerating commercialization; approximately 25.2% for enriching the product portfolio and broadening application scenarios; approximately 5.0% for expanding production capacity and improving operational efficiency; and approximately 8.6% for working capital and general corporate purposes.
With its listing on the Hong Kong Stock Exchange, Mech-Mind will continue to deepen its presence in the industrial embodied AI sector, increasing investment in core technology R&D, global commercial implementation, and industrial ecosystem development. This move aims to consolidate its leading position in industrial 3D vision and intelligent robotics while accelerating global business expansion.
As a leading digital fintech company, Futu leverages its investor ecosystem of over 31.25 million users and a comprehensive corporate service system to provide end-to-end services throughout the pre-IPO, IPO, and post-IPO stages. Core services include one-stop ESOP option management solutions, distribution for HK and US IPOs*, investor relations (IR) and PR, financial public relations services, international placements, and secondary market trading services.
In Q2 2026, more than 60% of companies listing on the Hong Kong stock market chose to partner with Futu. During Q2, retail subscription participation for HK IPOs on the Futu platform accounted for 23% of the total market volume, while the total subscription amount represented 46% of the market total.
As of Q2 2026, Futu served 1,252 corporate clients, providing IPO distribution and IR services to 683 companies. It has successfully assisted 441 companies, including Meituan, Kuaishou, Xiaomi, Baidu, Beike, JD Health, and Bilibili, in their listings in Hong Kong and the US. Cumulatively, Futu has signed ESOP agreements with 870 clients, and over 1,400 listed companies have joined the Futu platform.
Looking ahead, Futu will fully leverage its resources and market influence to provide more professional and efficient services to a broader client base!^
*Securities-related services such as IPO distribution are provided by licensed subsidiaries of Futu.
^Data and information regarding Futu are current as of the date of Futu's Q2 2026 earnings release.
Disclaimer: The content of this article is for reference purposes only and does not constitute an offer, recommendation, or investment advice for any securities or financial products. Investment involves risks; security prices may rise or fall, and past performance is not indicative of future results. The forward-looking data cited in this article is based on specific assumptions and is subject to uncertainty, and should not be regarded as an absolute guarantee of future business or industry development.
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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