Deacons advises the sole sponsor Guotai Junan Capital Limited and a syndicate of 19 underwriters in relation to the Main Board H-share IPO of UBTECH ROBOTICS CORP LTD (SEHK Stock Code: 9880).
UBTECH is an established robotic company based in China, dedicated to the design, production, commercialization, sales and marketing and research and development of smart service robotic products and services. It is the No. 3 in the smart service robotic products and services industry in China (in terms of revenue) in 2022, and China’s No. 1 provider of education smart robotic products and services (in terms of revenue) in 2022, according to a market research report commissioned by the company.
UBTECH launched its IPO on 19 December 2023, seeking to raise up to approximately HK$1.3 billion (subject to the exercise of over-allotment option). Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 29 December 2023.
Based on the maximum offer price of HK$116 per share, the total market capitalisation of all UBTECH shares at the time of listing will amount to approximately HK$48.5 billion, making it one of the largest companies (by market capitalisation) listed so far this year.
Our team is led by Ronny Chow, Head of our Corporate Finance Practice Group.
