News: LDROBOT's first listing rose more than double

Shenzhen LDROBOT Co., Ltd. was listed in Hong Kong on Monday, with the opening stock price more than doubling, closing at HKD 60.1, an increase of 128%. The company offered 33.333 million shares at a price of HKD 26.36 per share, raising a net amount of HKD 807 million. The public offering was oversubscribed by 6,706 times, and the international placement was oversubscribed by 8.5 times. Last year's revenue reached HKD 748 million, a year-on-year increase of 60%, but it incurred a loss of HKD 62.5 million. The funds raised will be used for technology research and development, productivity optimization, brand building, and international expansion