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.
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)
