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<IPO>ROBOTPHOENIX (06871.HK) Public Offer 14,900x Oversubscribed, Becomes New 'Oversubscription King'
Industrial robotics company ROBOTPHOENIX (06871.HK) closed its public offering at noon today (13th), receiving an enthusiastic market response. The public offer recorded 14,891 tim...
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<IPO>ROBOTPHOENIX (06871.HK) Public Offer 14,900x Oversubscribed, Becomes New 'Oversubscription King'
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Industrial robotics company ROBOTPHOENIX (06871.HK)  +0.700 (+2.222%)   closed its public offering at noon today (13th), receiving an enthusiastic market response.

The public offer recorded 14,891 times oversubscription, involving HKD564.3 billion, surpassing last year's "oversubscription king" GOLDEN LEAF INT (08549.HK)  +0.010 (+3.922%)   .

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ROBOTPHOENIX plans to issue 24.6 million H shares at an offer price of HKD30.5 per share, raising HKD750 million. With a board lot of 100 shares, the entry fee per lot is HKD3,080.75.

The stock is expected to commence trading on May 18, with ABCI as the sole sponsor.

In view of the strong subscription response, ROBOTPHOENIX is expected to trigger the maximum clawback mechanism under Chapter 18C, increasing the public offer portion from 5% to 20%.
(HK stocks quote is delayed for at least 15 mins.)

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