IPO Timeline Raw facts
Broker Deadline
Morning deadline
HKEX Deadline
Noon deadline
Broker Results (T-2)
Some brokers release in afternoon
Grey Market (T-1)
Afternoon
HKEX Allotment (T-1)
Evening
Registrar Allotment (T-1)
Evening
Listing Day (T)
First day of trading
Company Overview
| Stock Name | Seer Tech |
|---|---|
| Stock Code | 06106 |
| Company Full Name | Shanghai Seer Intelligent Technology Co., Ltd. |
| Industry | 機器人科技 |
| Principal Activities | We are an intelligent robotics company centered on robot control systems (i.e., the “robot brain”). Our independently developed robot control technology forms the foundation supporting our intelligent robot products. We develop and sell robots, controllers, software and accessories, providing one-stop intelligent robot solutions for real-world scenarios, covering development, acquisition and use. |
| Listing Date | 2026-06-24 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | 18C Specialist Technology |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 中國上海市自由貿易試驗區錦繡東路2777弄11號 |
| Business Address (Hong Kong) | 香港灣仔皇后大道東248號大新金融中心40樓 |
| Place of Incorporation | China |
| Listing Method | Global Offering |
| Listing Board | Main Board |
| Website | seer-robotics.ai |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | 香港中央證券登記有限公司，香港灣仔皇后大道東183號合和中心17樓1712-1716號舖 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | 18C |
|---|---|
| Offer Price | HK$ 101.60 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 50 shares |
| Entry Threshold | HK$ 5,131 |
| Par Value | RMB 1.0 / shares |
| Offer Period | 2026-06-15 to 2026-06-18 |
| Global Offering Shares | 10,497,300 shares |
| HK Public Offer Shares (Initial) | 524,900 shares (5.0%) |
| Public Offer Lots (Initial) | 10,498lots (Pool A5,249lots，Pool B5,249lots) |
| International Placing Shares (Initial) | 9,972,400 shares (95.0%) |
| Offer Ratio | ~5.0% |
| Total Shares Post-IPO | 110,497,300 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | China International Capital Corporation Hong Kong Securities Limited CE AEN894 |
| Cornerstone Share | 43.3% |
| Clawback Tiers | To be extracted |
| Reallocation Option | Yes |
| Total Global Offering Size | HK$ 1,066,525,680 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 50 | HK$ 5,080 |
| 2 lots | 100 | HK$ 10,160 |
| 3 lots | 150 | HK$ 15,240 |
| 4 lots | 200 | HK$ 20,320 |
| 5 lots | 250 | HK$ 25,400 |
| 6 lots | 300 | HK$ 30,480 |
| 7 lots | 350 | HK$ 35,560 |
| 8 lots | 400 | HK$ 40,640 |
| 9 lots | 450 | HK$ 45,720 |
| 10 lots | 500 | HK$ 50,800 |
| 12 lots | 600 | HK$ 60,960 |
| 14 lots | 700 | HK$ 71,120 |
| 16 lots | 800 | HK$ 81,280 |
| 18 lots | 900 | HK$ 91,440 |
| 20 lots | 1,000 | HK$ 101,600 |
| 30 lots | 1,500 | HK$ 152,400 |
| 40 lots | 2,000 | HK$ 203,200 |
| 50 lots | 2,500 | HK$ 254,000 |
| 60 lots | 3,000 | HK$ 304,800 |
| 70 lots | 3,500 | HK$ 355,600 |
| 80 lots | 4,000 | HK$ 406,400 |
| 90 lots | 4,500 | HK$ 457,200 |
| 100 lots | 5,000 | HK$ 508,000 |
| 120 lots | 6,000 | HK$ 609,600 |
| 140 lots | 7,000 | HK$ 711,200 |
| 160 lots | 8,000 | HK$ 812,800 |
| 180 lots | 9,000 | HK$ 914,400 |
| 200 lots | 10,000 | HK$ 1,016,000 |
| 400 lots | 20,000 | HK$ 2,032,000 |
| 600 lots | 30,000 | HK$ 3,048,000 |
| 800 lots | 40,000 | HK$ 4,064,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1,000 lots | 50,000 | HK$ 5,080,000 |
| 1,200 lots | 60,000 | HK$ 6,096,000 |
| 1,400 lots | 70,000 | HK$ 7,112,000 |
| 1,600 lots | 80,000 | HK$ 8,128,000 |
| 1,800 lots | 90,000 | HK$ 9,144,000 |
| 2,000 lots | 100,000 | HK$ 10,160,000 |
| 3,000 lots | 150,000 | HK$ 15,240,000 |
| 4,000 lots | 200,000 | HK$ 20,320,000 |
| 5,249 lots | 262,450 | HK$ 26,664,920 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 6.87B |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 11,226,385,680 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not applicable (loss-making) |
| Profit/Loss Status | Net loss RMB 47.1 million |
| Period-End Cash Balance | RMB 153.94 million |
| Listing Expenses | ~HK$ 71,100,000 |
| Listing Expenses / Funds Raised | ~6.67% |
| Total Pre-IPO Investment | To be extracted |
| First Day Close | Loading... |
|---|---|
| Use of Proceeds | Approximately 50.0% for advancing research and development of technologies and infrastructure (of which 20.0% for R&D of AI technologies, 15.0% for embodied intelligence, and 15.0% for infrastructure and toolchains); approximately 20.0% for building multi-functional centers; approximately 15.0% for acquisitions and investments in upstream and downstream of the industrial chain; approximately 9.7% for establishing a global sales system; and approximately 5.3% for working capital and general corporate purposes. |
Underwriting Syndicate
Sole Sponsor (1)
China International Capital Corporation Hong Kong Securities Limited CE AEN894(sole)
Stabilizing Manager (1)
China International Capital Corporation Hong Kong Securities Limited CE AEN894
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | 基於發售價101.60港元HHLRA | 15,000,000 USD | 1,156,650 | 11.02% | 1.05% | 6 months | 2026-12-24 |
| 2 | 元寶家辦 | 15,000,000 USD | 1,156,650 | 11.02% | 1.05% | 6 months | 2026-12-24 |
| 3 | 3W Fund | 10,000,000 USD | 771,100 | 7.35% | 0.70% | 6 months | 2026-12-24 |
| 4 | 廣發基金 | 6,000,000 USD | 462,650 | 4.41% | 0.42% | 6 months | 2026-12-24 |
| 5 | 瑞華投資 | 5,000,000 USD | 385,550 | 3.67% | 0.35% | 6 months | 2026-12-24 |
| 6 | 中和資本 | 3,000,000 USD | 231,300 | 2.20% | 0.21% | 6 months | 2026-12-24 |
| 7 | Yishao Capital | 3,000,000 USD | 231,300 | 2.20% | 0.21% | 6 months | 2026-12-24 |
| 8 | Nova Kerry Inc | 2,000,000 USD | 154,200 | 1.47% | 0.14% | 6 months | 2026-12-24 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman | 赵 | — |
| Company Secretary | 范思齊 | — |
No director data available.
Major Shareholders
| Major Shareholders & Holdings | Mr. Zhao is the controlling shareholder (direct and indirect shareholding of approximately 47.86%), and other major shareholders include Zhuhai Yinshan (approximately 12.90%), Ningbo Huili Daoqin (approximately 8.74%) and Ecovacs Investment (approximately 5.83%). |
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