---
title: "New Stock News | LAIFUAL ends its IPO with a subscription amount of HKD 159 billion, oversubscribed by 2,766 times"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290785243.md"
description: "LAIFUAL's IPO has ended, recording HKD 159 billion in margin subscriptions, oversubscribed by 2,766 times. The company is a manufacturer of robotic transmission components and plans to issue H shares to raise up to HKD 1.15 billion, with listing scheduled for June 30"
datetime: "2026-06-25T06:34:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290785243.md)
  - [en](https://longbridge.com/en/news/290785243.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290785243.md)
---

# New Stock News | LAIFUAL ends its IPO with a subscription amount of HKD 159 billion, oversubscribed by 2,766 times

According to the Zhitong Finance APP, the mainland Chinese robot transmission component manufacturer, Aito (03952), conducted its IPO subscription from June 22 to 25, which has now concluded. Statistics show that Aito received HKD 159 billion in margin subscriptions, with a public fundraising amount of HKD 57.46 million, resulting in an oversubscription of 2,766 times.

Aito plans to issue 13.442 million H shares, with 5% available for public sale in Hong Kong. The offering price ranges from HKD 77 to HKD 85.5, aiming to raise up to HKD 1.15 billion. Each lot consists of 100 shares, with an entry fee of HKD 8,636.2. Aito is set to be listed on June 30, with CMB International as the sole sponsor.

Aito is applying for listing under Chapter 18C of the Listing Rules, requiring a mechanism for reallocation. The public offering accounts for 5%, and if the number of shares subscribed in the Hong Kong public offering reaches 10 times or 50 times the initial issuance scale, it will increase to 10% and 20% of the initially planned issuance volume.

According to the prospectus, Aito is a core provider of precision transmission components for robots in China. The company offers a product portfolio that includes harmonic reducers, joint modules, robotic arms, and even automated workstations. Its products are primarily used in humanoid robots and industrial robots.

According to a report by ZhiShi Consulting, based on shipment volume in 2025, Aito ranks second among Chinese providers of harmonic reducers for robots, with a market share of 21.4%. In terms of revenue, it also ranks second, with a market share of 12.9%. According to the same data source, as of December 31, 2025, Aito is one of only two manufacturers in the country that have delivered harmonic reducers for humanoid robots and entered the mass production stage.

Through years of operational accumulation, Aito has established a technological advantage. Specifically, Aito's harmonic reducers achieved a positioning accuracy of ±15 arc seconds in 2025, with a lifespan exceeding 10,000 hours. The company has developed core capabilities in product design, electric actuation and drive, and production technology, enabling it to serve various precision transmission application scenarios such as welding, handling, spraying, assembly, and sorting. The company's products are currently mainly delivered to domestic customers, with a small number also sold to international markets, including Europe, the United States, Japan, and South Korea

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