Zhejiang Laifual Drive begins HKEX trading under stock code 3952
Zhejiang Laifual Drive began trading on the Hong Kong Stock Exchange under stock code 3952, adding a public-market signal for its robotics precision-transmission stack.
Evidence notes
- The final offer price was HK$85.50 for 13,441,900 offer shares before exercise of the over-allotment option.
- HKEX results stated gross proceeds of HK$1,149.3 million and estimated net proceeds of HK$1,073.1 million after HK$76.2 million of listing expenses.
- Laifual had 103,398,787 issued shares upon listing before over-allotment, with 2,016,200 offer shares over-allocated.
Company context
Zhejiang Laifual Drive supplies harmonic reducers and precision-transmission components for robotics and automation. Harmonic reducers support compact, high-torque humanoid robot joints.