Amicro Technology raised HK$1.78 billion through its public offering to support its specialized production of system-on-chip semiconductors, sensors, and full-stack software for intelligent mobile robots. In contrast, memory hardware maker Hoisin Electronics Co. experienced a flat exchange debut in Hong Kong on the same day. The robotics surge echoed into Indian markets, boosting shares of domestic automation suppliers such as Pune-based Affordable Robotic & Automation.
Key points
Amicro Technology achieved a HK$6.7 billion valuation on Thursday due to strong market de…: Amicro Technology achieved a HK$6.7 billion valuation on Thursday due to strong market demand for intelligent mobile robotics developers.
Investor enthusiasm for robotics listings helped lift share prices for multiple Indian au…: Investor enthusiasm for robotics listings helped lift share prices for multiple Indian automation and smart factory service providers.
Trading outcomes for the day's Hong Kong market debuts diverged sharply between specializ…: Trading outcomes for the day's Hong Kong market debuts diverged sharply between specialized robotics developers and memory component manufacturers.
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Chinese robotics platform Amicro Technology made a stellar debut on the Hong Kong Stock Exchange (HKEX) after raising a combined HK1.78billion(227 million) through its initial public offering (IPO). Amicro Tech's bumper listing has brought the spotlight back on the automation and robotics themes.
Shares of Amicro Technology surged nearly 82.9% during their Hong Kong debut in early Thursday trading. The sharp rally came after the company priced its 71.7 million shares at HK$9.9 apiece.
Amicro Technology’s shares surged as much as 82.9% in early Thursday trading session. With this, its market value stood at HK$6.7 billion. Amicro’s IPO listing coincided with the debut of memory product maker, Hoisin Electronics Co.’s shares. Hoisin began trading at HK 72.80, down 0.04% from its offer price of HK 72.83. The stock last traded at HK $ 72.89.
Founded in 2014, Amicro Technology has a specialisation in dedicated system-on-chip (SoC) semiconductors, sensors, algorithms, and full-stack software solutions for intelligent mobile robots.
With Amicro Technology's strong IPO debut drawing attention to the robotics and automation space, let's take a closer look at three small-cap Indian…
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