Four Chinese Firms Target $1.83 Billion in Hong Kong IPOs
Four Chinese firms aim to raise $1.83 billion through Hong Kong listings, with RoboTechnik leading the way.
POLICY WIRE — Hong Kong, China — Four Chinese companies are set to raise up to HK$14.35 billion ($1.83 billion) through separate stock market listings in Hong Kong, according to recent exchange filings.
RoboTechnik Intelligent Technology is the largest participant, aiming to secure HK$5.18 billion from its initial public offering. If additional options are fully exercised, the total could reach HK$6.85 billion. The company specializes in automation equipment for photovoltaic cell manufacturing and optical interconnect systems used in data centers and AI infrastructure.
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Other firms include Shenzhen Kinwong Electronic, which plans to raise up to HK$5.10 billion through a secondary share sale, and Red Avenue New Materials, targeting HK$3 billion. Precision motor solutions provider Direct Drive Tech will also debut on the Hong Kong exchange, seeking HK$1.08 billion. All shares are expected to start trading on September 29.
Reporting by Policy-Wire (PW)