UBTECH completes November 2024 H-share placement with HK$587.16M gross proceeds
UBTECH completed a listed-company placement of 7 million new H shares at HK$83.88 per share, implying HK$587.16 million of gross proceeds.
Evidence notes
- The transaction was a post-IPO issuance by a listed company and is excluded from private funding totals and the Investors tab.
- The issuer disclosure separates the share count, issue price and reported proceeds.
Company context
Chinese robotics manufacturer known for AI-powered humanoid robots (e.g., Walker series), service robots, educational kits, and smart robotic solutions across industries including logistics, healthcare, and STEM education. Listed on HKEX (9880.HK), founded March 2012.