Mech-Mind Robotics Technologies kicks off $2.35 bln Hong Kong IPO

Chinese industrial robotics and embodied artificial intelligence company Mech-Mind Robotics Technologies kicked off its bookbuilding for its Hong Kong initial public offering on Monday, aiming to raise up to HK$2.35 billion.

The company plans to offer 23.14 million H shares at an offer price between HK$95.3 and HK$101.7 per share. It requires an entry fee of HK$3,081.8 per 30 shares.

It was oversubscribed 48 times, drawing HK$5.69 billion in margin loans.

Its scheduled debut is on September 1.
 

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