Mech-Mind opens Hong Kong IPO book for up to HK$2.35 billion
Mech-Mind Robotics opened its Hong Kong global offering for 23.14 million H shares at HK$95.30 to HK$101.70 per share, with trading expected to begin September 1 under stock code 09615.
Evidence notes
- The base offer allocates about 5% to the Hong Kong public offering and 95% internationally, with a 15% over-allotment option.
- Nine cornerstone investors committed about $186 million, including Baillie Gifford, Taikang Life, Invus, Jane Street, Ghisallo, E Fund and BYD-linked Golden Link.
- At the range midpoint, estimated net proceeds are about HK$2.13 billion; stated uses cover R&D, product expansion, global commercialization, capacity and general working capital.
Company context
Mech-Mind Robotics builds 3D vision and AI software for industrial robot guidance, including Mech-Vision, Mech-Viz and Mech-Eye products. Its Mech-Mind 3D Vision package is listed in UR+ with a plug-and-play URCap for Universal Robots integration.