Robotphoenix HK IPO oversubscribed 14,900 times, becomes new king

Kevin Ip

·May 13 2026, 07:04

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Key Takeaways:

Robotphoenix's public offer was 14,891 times oversubscribed, freezing HKD564.3 billion in capital.
The company raised HKD750 million by issuing 24.6 million shares at HKD30.5 each.
The strong demand triggered a clawback mechanism, increasing the public offer allocation to 20 percent.

(P1) Industrial robotics company Robotphoenix's (06871.HK) Hong Kong initial public offering was 14,891 times oversubscribed in the public tranche, raising HKD750 million ahead of its trading debut on May 18.

(P2) The enthusiastic market response makes it the new "oversubscription king," surpassing last year's record holder, GOLDEN LEAF INT (08549.HK). ABCI Capital acted as the sole sponsor for the listing.

(P3) Robotphoenix issued 24.6 million H shares at an offer price of HKD30.5 per share. The retail portion of the offering, which was initially 5 percent of the total, was heavily oversubscribed, freezing HKD564.3 billion in capital. With a board lot of 100 shares, the entry fee per lot is HKD3,080.75.

(P4) Due to the strong subscription, the company triggered the maximum clawback mechanism under Chapter 18C, increasing the public offer portion from 5 percent to 20 percent. The pricing gives the company a significant valuation, with its first day of trading on May 18 set to test the market's appetite.

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