China's Estun Automation will determine the price of its listing in Hong Kong at the bottom end of its offer range, the industrial robot maker said on Thursday, seeking to raise HK$1.49 billion from the share sale.
The Shenzhen-listed company has offered 96.8 million H shares for the listing at HK$15.36 per share, below the maximum offer price of HK$17 apiece announced last week.
Estun was among a string of companies to seek listings in Hong Kong after the Lunar New Year holiday break, extending a brisk start of share launches in 2026.
Hong Kong's stock market logged its strongest start to a year since 2021, with IPOs and second listings raising about US$5.5 billion in January, the most since US$7.6 billion in January 2021, LSEG data showed earlier in February.
Estun last week said funds from the offering would support manufacturing capacity, research, development, and overseas growth initiatives for the company.
The firm is expected to disclose the final offer price on Friday, with its shares slated to debut on the Hong Kong stock exchange on March 9.
Reuters
