China’s Robotechnik to Slip in Hong Kong Trading Debut

Global Market: RoboTechnik slides below IPO price in weak Hong Kong debut

RoboTechnik Intelligent Technology fell as much as 8.5% in its Hong Kong debut after raising HK$5.18 billion through its IPO. Weak market sentiment pressured new listings, with Shenzhen Kinwong and Red Avenue also opening below offer prices. Direct Drive Tech bucked the trend, gaining 4.1%, as Hong Kong IPO activity continues recovering.

RoboTechnik slips on debut as four test IPO market

Chinese automation equipment maker RoboTechnik Intelligent Technology fell up to 9.8 percent in its Hong Kong trading debut on Tuesday, after raising HK$5.18 billion in its share sale. The stock dropped to as low as HK$393.20, compared with its offer price of HK$436, after opening at HK$419.60. It was last down 8.5 percent at HK$398.80. The broader market was also weaker, with the Hang Seng Index falling 0.6 percent at one stage and the tech in…

RoboTechnik Leads Hong Kong’s $1.8 Billion Listing Debut Lineup

Four companies are set to begin trading in Hong Kong on Tuesday after raising a combined HK$14.4 billion ($1.8 billion), one of the city’s busiest days for new listings in a blockbuster year.

China’s Robotechnik to slip in Hong Kong trading debut

HONG KONG, Sept 29 (Reuters) - Chinese ​automation ‌equipment maker RoboTechnik Intelligent Technology ‌is ​set ⁠to open ⁠3.8% lower at HK$419.6 a share ​in its ⁠Hong ⁠Kong debut ​on Tuesday, ​after the company ‌raised HK$5.18 billion ($660.35 million)...