Robot Phoenix Intelligence Technology's retail tranche oversubscribed 3,509 times

Robot Phoenix Intelligence Technology's retail tranche for its Hong Kong initial public offering was oversubscribed by 3,509 times on Tuesday.

The industrial robotic technology company has drawn HK$131.7 billion in margin loans. It plans to offer 24.6 million H shares, raising HK$750 million. The offer price is HK$30.5 per share. Each board lot of 100 shares has an entry fee of HK$3,080.8.

It is scheduled to debut on May 18.
 

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