IPO News | “AI+Power Supply Inspection and Monitoring System Provider” KnowBike Tech Launches Bookbuilding; Aims to List on December 23, with a Minimum Subscription Amount of HKD 5,353.45

Futu News, December 15 - $NUOBIKAN (02635.HK)$ The company announced the bookbuilding period from December 15 to December 18. The company plans to conduct a global offering of approximately 3.7866 million shares, with an expected listing date of December 23.

Company Profile

KnowBike Technology, founded in 2015, specializes in advanced technologies such as artificial intelligence and digital twin technology. Its industrial applications span across AI+Transportation, AI+Energy, and AI+Urban Governance sectors, primarily providing integrated hardware-software solutions based on AI industry models. The company's independently developed NBK-INTARI artificial intelligence platform enables customers in transportation, energy, and urban governance fields to achieve intelligent monitoring, inspection, and operations maintenance through deep empowerment.

According to CIC Consulting, based on the group’s revenue related to power supply in the rail transit sector in 2024, the company is the second-largest AI+Power Supply Inspection and Monitoring System provider in China, with a market share of approximately 5.9%. In terms of revenue, the AI+Power Supply Inspection and Monitoring Solutions market accounted for approximately 2.2% of the market share within China’s AI+Rail Transit Solutions industry in 2024. Based on the group’s rail transit revenue in 2024, the company ranks third among enterprises providing AI+Inspection and Monitoring Solutions in China’s rail transit industry, holding a market share of approximately 1.8%.

Financial Overview

In terms of financial performance, from 2022 to 2024, the company reported revenues of RMB 253 million, RMB 364 million, and RMB 403 million, respectively. Net profits for the same periods were RMB 63.161 million, RMB 88.566 million, and RMB 115 million, respectively. As of June 30, 2025, the net profit for the period was RMB 40.081 million.

Use of Proceeds

In terms of the use of proceeds, Robi Kan estimates that the net proceeds from the global offering will amount to approximately HKD 306.7 million (assuming the over-allotment option is not exercised and based on the mid-point of the offer price at HKD 93). According to the prospectus, Robi Kan intends to allocate the proceeds from the global offering for the following purposes:

Approximately 40.0% will be used to conduct and enhance the continued research of the Group’s core technologies, thereby solidifying the foundation of the Group’s technical capabilities as well as its product and service functionalities; approximately 40.0% will be allocated for the construction of the Group’s R&D technology center and new headquarters base; approximately 10.0% will be used to pursue potential strategic investment and acquisition opportunities to implement the Group’s long-term growth strategy for optimizing products and solutions, and to expand and/or penetrate into the end-user industries covered by the Group; approximately 10.0% will be utilized as working capital and for general corporate purposes. The Group anticipates that its working capital requirements will continue to increase due to business expansion.