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 | Onerobotics |
|---|---|
| Stock Code | 06600 |
| Company Full Name | OneRobotics (Shenzhen) Co., Ltd. |
| Industry | Industrial Goods |
| Principal Activities | We are a global provider of home robot systems, with our principal markets including Japan, Europe and North America, and are committed to building an ecosystem centered on smart home robot products. Our products primarily include enhanced execution robots, perception and decision-making systems, and other smart home products and services. |
| Listing Date | 2025-12-30 |
| Listing Rules Era | New Rules (after Aug 2025) |
| Listing Rules Chapter | To be extracted |
| Weighted Voting Rights (WVR) | No |
| Registered Address (Mainland China) | 廣東省 深圳市 寶安區西鄉街道 麻布社區 海城路5號 前城商業中心1706室 |
| 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 | To be extracted |
| Listing Method | To be extracted |
| Listing Board | Main Board |
| Website | onero.cn |
| Share Registrar | 香港中央證券登記有限公司 (Computershare Hong Kong Investor Services Limited) |
| Registrar Contact | (852)2862 8628 |
| A-Share/US Dual Listing | No |
Offering Information
| Offering Mechanism | Mechanism B |
|---|---|
| Offer Price | HK$ 73.80 / shares |
| Offer Price Range | Final offer price only, no range |
| Lot Size | 100 shares |
| Entry Threshold | HK$ 7,380 |
| Par Value | RMB 0.1 / shares |
| Offer Period | 2025-12-18 to 2025-12-23 |
| Global Offering Shares | 22,222,300 shares |
| HK Public Offer Shares (Initial) | 2,222,300 shares (10.0%) |
| Public Offer Lots (Initial) | 22,223lots (Pool A11,111lots，Pool B11,112lots) |
| International Placing Shares (Initial) | 20,000,000 shares (90.0%) |
| Offer Ratio | ~10.0% |
| Total Shares Post-IPO | 222,222,300 shares |
| Greenshoe (Over-allotment Option) | Yes |
| Stabilizing Manager (Greenshoe) | 国泰君安融资有限公司 CE AGS488 |
| Cornerstone Share | 43.7% |
| Clawback Tiers | Mechanism B: no clawback mechanism |
| Reallocation Option | No |
| Total Global Offering Size | HK$ 1,640,005,740 |
Subscription Tiers
Minimum subscription unit: 1 lot. Subscription amount ≤ HK$5,000,000 is Pool A, > HK$5,000,000 is Pool B.
Pool A
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 1 lots | 100 | HK$ 7,380 |
| 2 lots | 200 | HK$ 14,760 |
| 3 lots | 300 | HK$ 22,140 |
| 4 lots | 400 | HK$ 29,520 |
| 5 lots | 500 | HK$ 36,900 |
| 6 lots | 600 | HK$ 44,280 |
| 7 lots | 700 | HK$ 51,660 |
| 8 lots | 800 | HK$ 59,040 |
| 9 lots | 900 | HK$ 66,420 |
| 10 lots | 1,000 | HK$ 73,800 |
| 15 lots | 1,500 | HK$ 110,700 |
| 20 lots | 2,000 | HK$ 147,600 |
| 25 lots | 2,500 | HK$ 184,500 |
| 30 lots | 3,000 | HK$ 221,400 |
| 35 lots | 3,500 | HK$ 258,300 |
| 40 lots | 4,000 | HK$ 295,200 |
| 45 lots | 4,500 | HK$ 332,100 |
| 50 lots | 5,000 | HK$ 369,000 |
| 60 lots | 6,000 | HK$ 442,800 |
| 70 lots | 7,000 | HK$ 516,600 |
| 80 lots | 8,000 | HK$ 590,400 |
| 90 lots | 9,000 | HK$ 664,200 |
| 100 lots | 10,000 | HK$ 738,000 |
| 200 lots | 20,000 | HK$ 1,476,000 |
| 300 lots | 30,000 | HK$ 2,214,000 |
| 400 lots | 40,000 | HK$ 2,952,000 |
| 500 lots | 50,000 | HK$ 3,690,000 |
| 600 lots | 60,000 | HK$ 4,428,000 |
Pool B
| Lots Subscribed | Shares Subscribed | Subscription Amount (HKD) |
|---|---|---|
| 700 lots | 70,000 | HK$ 5,166,000 |
| 800 lots | 80,000 | HK$ 5,904,000 |
| 900 lots | 90,000 | HK$ 6,642,000 |
| 1,000 lots | 100,000 | HK$ 7,380,000 |
| 2,000 lots | 200,000 | HK$ 14,760,000 |
| 3,000 lots | 300,000 | HK$ 22,140,000 |
| 4,000 lots | 400,000 | HK$ 29,520,000 |
| 5,000 lots | 500,000 | HK$ 36,900,000 |
| 6,000 lots | 600,000 | HK$ 44,280,000 |
| 7,000 lots | 700,000 | HK$ 51,660,000 |
| 8,000 lots | 800,000 | HK$ 59,040,000 |
| 9,000 lots | 900,000 | HK$ 66,420,000 |
| 10,000 lots | 1,000,000 | HK$ 73,800,000 |
| 11,111 lots | 1,111,100 | HK$ 81,999,180 |
Stock Connect Inclusion Analysis
| HK Market Cap | HK$ 18B |
|---|---|
| Analysis Result | Already included in Stock Connect (both) |
Valuation & Financials
| Market Cap (at Offer Price) | HK$ 16,400,005,740 |
|---|---|
| Pre-IPO Valuation (Last Round) | Not disclosed |
| P/E Ratio | Not applicable (loss-making) |
| Profit/Loss Status | Net loss RMB 3.1 million (year ended December 31, 2024) |
| Period-End Cash Balance | RMB 62.34 million |
| Listing Expenses | ~HK$ 95,100,000 |
| Listing Expenses / Funds Raised | ~66.5% |
| Total Pre-IPO Investment | approximately RMB 389.68 million |
| First Day Close | HK$ 18.8 |
|---|---|
| First Day Open | HK$ 18.5 |
| First Day Change | 44.17% |
| First Day Volume | 55721800.0 |
| First Day Turnover | 1047240000.0 |
| Use of Proceeds | 1、約1,000.1百萬港元（約66.5%）將用于持續提升公司的研發能力，以進一步開發與公司家庭機器人系統相關的關鍵技術及產品；
2、約297.4百萬港元（約19.8%）將用于擴大公司的銷售渠道及地區覆蓋及提升公司品牌的全球知名度；
3、約56.9百萬港元（約3.8%）將用于償還公司于上市后24個月內的部分未償還銀行貸款；
4、約150.5百萬港元（約10.0%）將用作一般營運資金及公司用途。 |
Underwriting Syndicate
Sponsor cum Overall Coordinator (2)
Overall Coordinators (2)
Joint Global Coordinators (2)
Joint Bookrunners (5)
Joint Lead Managers (5)
Capital Market Intermediaries (5)
Stabilizing Manager (1)
国泰君安融资有限公司 CE AGS488
Service Providers
| Role | Institution |
|---|---|
| Legal Advisor to Company |
竞天公诚律师事务所有限法律责任合伙 竞天公诚律师事务所 The Law Office of Mark A Kerstein Rödl & Partner Studio Legale De Berti Jacchia Franchini Forlani Holman Fenwick Willan LLP |
| Legal Advisor to Sponsors/Underwriters |
摩根路易斯律师事务所 上海市锦天城（深圳）律师事务所 |
| Auditor and Reporting Accountant | 安永会计师事务所 |
| Industry Advisor | 弗若斯特沙利文（北京）咨询有限公司上海分公司 |
| Compliance Advisor | 华富建业企业融资有限公司 CE ACR487 |
| Receiving Banks |
中国银行（香港）有限公司 中信银行（国际）有限公司 招商永隆银行有限公司 |
Cornerstone Investors
| # | Investor Name | Investment Amount | Shares Subscribed | % of Offer Shares | % of Total Shares | Lock-up Period | Est. Unlock Date |
|---|---|---|---|---|---|---|---|
| 1 | HACF, LP | 30,000,000 USD | 3,241,400 | 14.59% | 1.46% | 6 months | 2026-06-30 |
| 2 | Cithara | 20,000,000 USD | 2,160,900 | 9.72% | 0.97% | 6 months | 2026-06-30 |
| 3 | Infini | 15,000,000 USD | 1,620,700 | 7.29% | 0.73% | 6 months | 2026-06-30 |
| 4 | China Orient EIF | 7,000,000 USD | 756,300 | 3.40% | 0.34% | 6 months | 2026-06-30 |
| 5 | China Orient MSMF | 3,000,000 USD | 324,100 | 1.46% | 0.15% | 6 months | 2026-06-30 |
| 6 | Wind Sabre | 5,000,000 USD | 540,200 | 2.43% | 0.24% | 6 months | 2026-06-30 |
| 7 | Yield Royal | 4,980,000 USD | 538,000 | 2.42% | 0.24% | 6 months | 2026-06-30 |
| 8 | Sage Partners | 3,000,000 USD | 324,100 | 1.46% | 0.15% | 6 months | 2026-06-30 |
| 9 | Sage Sunshine | 2,000,000 USD | 216,000 | 0.97% | 0.10% | 6 months | 2026-06-30 |
Directors & Management
| Position | Chinese name | English Name |
|---|---|---|
| Chairman / Executive Director | 李志晨 | LI Zhichen |
| Company Secretary | 胡治東 | — |
| Non-Executive Director | 李泽湘 | YANG Minghui |
| Independent Non-Executive Director | 李辉 | LI Hui |
| Executive Director | 潘阳 | PAN Yang |
| Non-Executive Director | 高秉强 | YANG Minghui |
| Independent Non-Executive Director | 梁淑慧 | LEUNG Suk Wai Winnie |
| Executive Director | 胡治东 | HU Zhidong |
| Independent Non-Executive Director | 王勇 | LEUNG Suk Wai Winnie |
| Executive Director | 杨明辉 | YANG Minghui |
Major Shareholders
| Major Shareholders & Holdings | Mr. Li (beneficial owner and through controlled corporations and persons acting in concert) in aggregate holds approximately 40.07% (immediately after completion of the Global Offering); Mr. Pan (beneficial owner and persons acting in concert) in aggregate holds approximately 32.66%; Songshan Lake Robotics Research Institute (ultimately controlled by Professor Li) holds approximately 6.12%; Brizan Ventures V (ultimately controlled by Professor Gao and Mr. Kuang) holds approximately 8.75%; Suzhou Yuanming Venture Capital Limited Partnership (ultimately controlled by Mr. Cao Yi) holds approximately 7.48%. |
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