UBTECH Robotics Inc to be listed with Patrons as Joint Bookrunner and Joint Lead Manager

According to Hong Kong Stock Exchange (00388.HK), UBTECH Robotics Inc (09880.HK) from Shenzhen announced that it has recently passed the listing hearing of HKEX, with Patrons as the Joint Bookrunner and Joint Lead Manager, and the IPO process will be held  from 19 to 22 December, with the offer price of HK$86 to HK$116 per share, and the admission fee for one board lot of 50 shares is HK$5858.50. The IPO is expected to be officially listed on the Hong Kong IPO market by the end of the year, and will become the "first humanoid robot stock". The offering prospectus reveals that the Company expects to use the proceeds from the IPO to enhance its R&D capabilities to strengthen its core technologies, products and solution offerings, and to continue to expand its business.

According to the offering prospectus, UBTECH, founded in 2012, is dedicated to the research and development, design, production, commercialisation, sales and marketing of intelligent service robots and intelligent service robot solutions, as well as the research and development of humanoid robots. Its core business is the development of life-size humanoid robots, which integrates artificial intelligence and robotics to enable robots to perform basic tasks with no or minimal human intervention, and to supplement human work with intelligent production, which is a set of intelligent systems integrating human-machine interactions, command comprehension, autonomous planning, and task execution technologies. Currently, UBTECH focuses on three major applications for humanoid robots, including industrial manufacturing, commercial services and family companionship.

The humanoid robotics industry is extremely rare in the Hong Kong IPO market. As a leading humanoid robotics company in China, UBTECH has taken the lead in listing in Hong Kong and is expected to become the first humanoid robotics stock after its official listing. The prospectus of UBTECH also reveals that the intermediary team, as theJoint Bookrunner and Joint Lead Manager of the IPO, Patrons will assist the company in the entire offering process, hoping that the first humanoid robotics stock will expand the investment area for the Hong Kong market.