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UBTech Robotics Corp Ltd

UBTech Robotics Corp Ltd (Ticker: 9880 HK) is a company specializing in industrial automation and robotics, based in China. The company operates in the field of intelligent service robots, offering products and solutions across various industries including AI education, smart logistics, healthcare, and consumer hardware. UBTech Robotics highlights its full-stack humanoid robotic technologies, which encompass a range of capabilities from robotic motion planning and control technology to AI technologies like computer vision and voice interaction. The company has a significant patent portfolio, with more than 1,600 robotic and AI-related patents.

UBTech Robotics announced its IPO on December 19, 2023, with plans to list on the Hong Kong Stock Exchange. The company aims to raise HKD 1.31 billion (approximately USD 167.80 million). The expected price range for the offering is HKD 86.00 to HKD 116.00 per share (USD 11.03 to USD 14.87). The offering includes 11.28 million primary shares with an additional greenshoe option of 15%, amounting to 1.69 million shares. The expected pricing date for the IPO is December 27, 2023, with an anticipated listing date of December 29, 2023. The offering is being managed by several institutions including ABCI Capital Ltd, BNP Paribas Securities Asia Ltd, BOCI Asia Ltd, and others.

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