Shenzhen Dobot offers 40 million shares at risky price range

On December 13, 2024, SHENZHEN DOBOT CORP LTD, a leading player in the global collaborative robot industry, announced its intention to list shares on the Main Board of the Stock Exchange of Hong Kong Limited. The company is offering 40,000,000 H shares, priced between HK$18.80 and HK$20.80 per share, with the expectation of raising approximately HK$719.6 million. The public offer opened for subscription today and will close on December 18, 2024, ahead of the anticipated trading start date of December 23, 2024, under the stock code 2432.HK. The global cobot industry, in which DOBOT ranks seventh with a 3.6% market share, is experiencing rapid growth, having expanded from US$466.6 million in revenue in 2019 to US$1,039.5 million in 2023. Projections indicate that the market could reach US$4,950.0 million by 2028. Notably, China’s share of the global cobot market is expected to grow significantly during this period, reflecting a compound annual growth rate (CAGR) of 46.5% from 2023 to 2028. The company’s strength lies in its robust research and development capabilities, extensive product offerings, and experienced management. Its proprietary full-stack technologies cover all key aspects of the cobot development cycle, allowing for successful commercialization and a solid global footprint. With over 53,000 cobots sold globally, the company is well-positioned to capitalize on the increasing integration of artificial intelligence technologies, which are expected to drive further adoption of cobots in various applications. To sustain its competitive advantage, DOBOT plans to focus on advanced technology development, expand its product matrix, enhance production capabilities, and strengthen its sales network. Their commitment to innovation and a strategic growth approach positions them favorably to capture a larger share of the booming cobot market and provide long-term value to its shareholders.