2026 IPO bonanza! Over 90% of new stocks rose on their debut!
Futu News, December 22 —$NUOBIKAN (02635.HK)$Announced allocation results: priced at HKD 80 per share, issuing a total of 3.7866 million shares, with each lot consisting of 50 shares; official listing commences today.
In the previous trading session, the grey market closed up 275.75% at HKD 300.60 per share, with each lot comprising 50 shares. Excluding handling fees, earnings per lot amounted to HKD 11,030.
During the public offering phase, Nobikhan received subscriptions 188.74 times the offered amount. The final number of shares allocated in the public offering was 378,700, representing approximately 10% of the total shares on offer. A total of approximately 33,051 valid applications were received, with 3,852 applications processed. The approximate percentage of shares allocated for one-lot subscriptions relative to the total number of applied shares was 3%.
Moreover, during the international placement phase, Nobikhan received subscriptions 2.08 times the offered amount. The final number of shares allocated in the international offering was 3.4079 million, equivalent to 90% of the total shares on offer. Futu has compiled relevant data in the table below:





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, Robitron expects net proceeds from the global offering to amount to approximately HKD 257.43 million (based on an offer price of HKD 80). According to the prospectus, Robitron 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.
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Editor/Vincent
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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