Stock Track | LDROBOT Soars 94.42% at Market Open on Strong Hong Kong Debut After Heavily Subscribed IPO

Stock Track

May 11

LDROBOT's stock soared 94.42% during the intraday session as the Chinese robotics company made its trading debut in Hong Kong.

The surge comes after the company's initial public offering was heavily oversubscribed, with the Hong Kong public offer being 6,707.66 times subscribed, indicating extremely strong investor demand. The IPO raised approximately HK$806.8 million with an offer price of HK$26.36 per share.

Shares were set to open at HK$53.5 each for their Hong Kong debut, significantly above the IPO offer price of HK$26.36, reflecting the market's positive reception to the company's listing.

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