Shenzhen LDROBOT’s retail tranche 485 times oversubscribed

Shenzhen LDROBOT’s retail tranche for its Hong Kong initial public offering was oversubscribed by 485 times on Monday.

The company has drawn 48.6 billion in margin loans. 

It plans to offer 33.33 million H shares, raising at most HK$1 billion. The offer price is between HK$24 and HK$30. Each board lot of 200 shares has an entry fee of HK$6,060.5.

LDROBOT is scheduled to debut on May 11.

LDROBOT is a high-tech Chinese company specializing in robotic mobile perception technology, indoor navigation, and AI-driven robot solutions. Services include lawn mowing and vacuum cleaning.

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