LuoShi Robotics passes HKEX hearing as robot IPOs heat up

LuoShi (Shandong) Robotics Group Co. passed its listing hearing at the Hong Kong stock exchange on Wednesday, joining a wave of Chinese hardware companies racing to raise offshore capital in the city's busiest IPO market in six years.

The company updated its post-hearing information set on the HKEX website, Livermore Securities data show, confirming the listing application cleared the exchange's review. LuoShi did not disclose the proposed deal size, offer price range or listing date in the filing.

The hearing approval comes as Hong Kong's IPO market is on track to top $43 billion in total proceeds this year, a six-year high, according to Bloomberg Intelligence. June alone is set to bring the most first-time share sales of any month in 2026, driven by a regulatory deadline that requires companies to refile financial statements if they fail to start taking investor orders before the end of the month.

LuoShi Robotics, based in Shandong province, develops industrial and collaborative robots for manufacturing automation. The company's listing adds to a growing pipeline of Chinese technology firms seeking Hong Kong listings as the route to a New York float narrows. AI developer Zhipu is weighing a multibillion-dollar share sale in the city, while Apple suppliers Luxshare Precision and Lingyi iTech have also moved to raise capital in Hong Kong this week.

The pricing will give LuoShi an enterprise value that investors will compare against robotics peers such as Shenzhen-listed Estun Automation and UBTech Robotics, which listed in Hong Kong in late 2023. First-day trading will test institutional appetite for China's robotics sector, where more than 150 companies are chasing a market that has yet to prove demand at scale.

This article is for informational purposes only and does not constitute investment advice.