Robotphoenix Intelligence Technology's retail tranche oversubscribed 7.4 times

Robotphoenix Intelligence Technology's retail tranche for its Hong Kong initial public offering was oversubscribed by 7.4 times on Friday.

The company has drawn HK$320 million in margin loans.

It plans to offer 24.6 million H shares, raising HK$750 million. The offer price is HK$30.5. Each board lot of 100 shares has an entry fee of HK$3,080.8.

The company is a leading high-tech enterprise founded in 2012 that specializes in R&D, manufacturing, and integration of industrial robots and automation solutions.

It is scheduled to debut on May 18.

 

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