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.