--- title: "SEER TECH listed on the Hong Kong Stock Exchange, becoming the first stock of \"robot brains.\"" type: "News" locale: "en" url: "https://longbridge.com/en/news/290665223.md" description: "On June 24th, SEER TECH officially listed on the main board of the Hong Kong Stock Exchange, becoming the first stock of \"robot brains.\" The IPO was priced at HKD 101.6, raising a net amount of approximately HKD 995 million. On the first day, the stock price surged over 26%, with a market capitalization exceeding HKD 14 billion. The company is expected to be the global sales leader in intelligent robot controllers from 2023 to 2025, with a continuously increasing market share, and a projected shipment growth of 70% by 2025" datetime: "2026-06-24T08:23:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290665223.md) - [en](https://longbridge.com/en/news/290665223.md) - [zh-HK](https://longbridge.com/zh-HK/news/290665223.md) --- # SEER TECH listed on the Hong Kong Stock Exchange, becoming the first stock of "robot brains." On June 24, Shanghai SEER TECH Co., Ltd. (stock code: 06106.HK) officially landed on the main board of the Hong Kong Stock Exchange, becoming the first stock in the Hong Kong market for robotic brains. The total number of shares for the global offering (before the greenshoe option) is 10,497,300 shares, priced at HKD 101.6 per share, with a minimum lot size of 50 shares. The issuance scale before the greenshoe option is HKD 1.067 billion, and if the greenshoe is fully exercised, the issuance scale will increase to HKD 1.226 billion, corresponding to an IPO market value of HKD 11.227 billion. The net fundraising amount is approximately HKD 995.4 million. The subscription results show that the public offering portion of SEER TECH was subscribed 5,934.56 times, triggering the replenishment mechanism, with the number of valid applications reaching 222,966, resulting in a winning rate of only 5% for one lot (50 shares); the international placement was subscribed 21.29 times. Eight cornerstone investors subscribed a total of HKD 462 million, accounting for 43.34% of the issuance scale. Among them, HHLRA (Hillhouse) subscribed HKD 118 million, while Yuanbao Family Office and 3W Fund each subscribed USD 15 million, in addition to well-known institutions such as GF Fund, Ruifa Investment, Zhonghe Capital, Yishao, and ACCF Capital. On the first day of listing, SEER TECH opened flat at HKD 101.6, then surged, reaching a high of HKD 140.5 during the session, with an increase of 38.3%, and a trading volume exceeding HKD 500 million. By the close, the stock price was above HKD 128, with an increase of over 26%, and the total market value exceeded HKD 14 billion, making it one of the highest-valued new robot stocks in the Hong Kong market. According to data from ZhiShi Consulting, SEER TECH has ranked first in global sales of intelligent robot controllers for three consecutive years from 2023 to 2025, with its global market share continuously increasing to 25%; the global industrial intelligent robot market sales ranking rose from third in 2024 to second in 2025, with market share continuously expanding. As the top-ranked company in "robotic brains," SEER TECH's shipment volume in 2025 is expected to exceed 12,000 units, achieving approximately 70% growth compared to 2024. Revenue is expected to grow by more than 30% year-on-year, with a gross margin of over 80% for "robotic brains" (controllers) and a comprehensive gross margin of up to 47.4%, making it one of the few embodied intelligent robot companies that master core technology and achieve scale revenue in the market. SEER TECH was founded in 2020. The founder, Zhao Yue, studied in the eight-year medical program at Zhejiang University’s Zhuke Zhen College, while simultaneously pursuing a degree in Electronic Information Engineering. Due to a strong interest in robotics technology, he dropped out and re-entered Zhejiang University’s Control College for further studies, becoming one of the most influential alumni of Zhejiang University. He led his team to win the RoboCup robot soccer competition world championship three times in 2013, 2014, and 2017, accumulating solid technical foundation and top team leadership capabilities Co-founders Ye Yangsheng and Wang Qun are core members of the championship team. In the six years since its establishment, SEER TECH has completed four rounds of financing, with a total amount of approximately 283 million yuan. Behind it are top institutional investors such as Hillhouse Capital, Ecovacs, IDG Capital, Sequoia Capital, and ProLogis Yinshi Capital. The company focuses on intelligent robot control systems (i.e., the robot brain) and provides a one-stop solution for controllers, software, robots, and accessories, aiming to eliminate barriers to developing, acquiring, and using intelligent robots. Since its inception, SEER TECH has created the world's first large-scale open platform for intelligent robots. Relying on an open ecosystem and plug-and-play controller architecture, the company has achieved rapid delivery of over 2,000 robot SKUs and successfully adapted to more than 400 core components, with a service network covering 35 countries and regions globally, serving over 2,100 customers, and building a strong application closed loop across industries and scenarios. On the data level, SEER TECH adopts a real machine data route and has shipped tens of thousands of different types of intelligent robots, covering humanoid robots, robotic dogs, embodied forklifts, composite robots, cleaning robots, etc., operating continuously around the clock, accumulating a large amount of real data feedback and closed loops across different bodies and scenarios; on the scenario level, robots equipped with SEER TECH's brain have been deployed in over 1,000 factories, covering more than 20 industries including 3C, automotive, automation equipment, new energy, semiconductors, engineering machinery, and biomedicine, creating a rare industrial-grade embodied intelligent scenario data asset; on the model level, SEER TECH has applied edge E2E models and VLA models to embodied intelligent robot products, achieving full-link direct mapping from sensor data to control commands, driving embodied intelligent robots to break through the bottleneck of traditional rule-driven architecture and achieve cross-scenario generalization and autonomous execution of complex tasks. In the data-driven industry context, embodied models also follow the Scaling Law— the scale of high-quality data determines the ceiling of model capability. This means that companies that first accumulate sufficiently high-quality real data will be able to release the scaling dividends of the model first. Leveraging the advantage of large-scale real scenario deployment, SEER TECH has built a data flywheel system of "deployment → data feedback → closed-loop training → model iteration → expanded deployment." Real data, after systematic cleaning, labeling, and training, continuously feeds back into the model, enhancing model capabilities, thereby broadening deployment scale and scenario boundaries, forming a competitive barrier where data assets and model capabilities reinforce each other, creating a moat that is difficult for latecomers to replicate ### Related Stocks - [06106.HK](https://longbridge.com/en/quote/06106.HK.md) - [603486.CN](https://longbridge.com/en/quote/603486.CN.md) ## Related News & Research - [CMB International leads XianGong Intelligent HK$ 1.07 billion Hong Kong IPO](https://longbridge.com/en/news/290654311.md) - [Seer Robotics rides 24-hour market swing in Hong Kong debut](https://longbridge.com/en/news/290804793.md) - [Can SpaceX Deliver Tesla-Level Returns? The Bull and the Bear Case](https://longbridge.com/en/news/290340906.md) - [Better AI semiconductor stock: Arm vs. Intel](https://longbridge.com/en/news/290353897.md) - [Will Nvidia Stock Soar After June 24? 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