IPO News | Yiwei Technology closes overpurchase 0.42 times first-hand entry fee HK$5848.4

The Zhitong Finance App learned that the robotics platform Yiwei Technology will be offering shares from October 31 to November 9. It is expected to be listed and traded on the Hong Kong Stock Exchange on November 12. CITIC Construction Investment International and Cathay Pacific Junan International will act as co-sponsors. According to market data, as of 7:00 p.m. on November 6, the share's public offering margin subscription amount was HK$58.75 million, corresponding to the amount raised in the public sale of HK$41.51 million, which was an overpurchase by 0.42 times.

According to the issuance plan, the company plans to issue 71.687 million H shares, 5% of which will be publicly sold in Hong Kong; the offering price range is HK$9.27 to HK$11.58, with a maximum fund-raising limit of about HK$830 million, 500 shares per lot, and a first-hand entry fee of HK$5848.4.

The company is listed under Chapter 18C of the Listing Ordinance and has a rebate mechanism: if the number of subscribed shares in the Hong Kong public offering reaches 10 times and 50 times or more of the initial issuance scale, the share of the public offering will be raised to 10% and 20% of the initial issuance volume, respectively. DigitalHorizon and Guangpu Hong Kong were introduced as cornerstone investors, with a total investment of HK$99 million.

In terms of the use of capital raised, 70% is used to strengthen its advantages in software, hardware and robotics, thereby consolidating and expanding its technological leadership position; 10% is used to establish broader, higher quality and more continuous customer cooperation and build a prosperous developer ecosystem; 10% is used to build a sustainable growth flywheel 10% is used for strategic investments and acquisitions with synergetic effects, as an important complement to endogenous growth and accelerate the implementation of platform-based ecological layout; 10% is used for working capital and general corporate purposes.

According to the prospectus, Yiwei Technology is a robotics technology platform, mainly engaged in providing intelligent mobile robot solutions, including inertial guidance (a technology that uses built-in motion sensors to enable the position, direction, and speed of a computer robot without relying on external references such as GPS or cameras) robot solutions, single-mode robot solutions, and multi-modal robot solutions.

According to Frost & Sullivan, the company is the third-largest intelligent mobile robot solution provider in terms of revenue in 2025, with a market share of about 4.2%. It is the largest single-mode robot solution provider in China, with a market share of 2.2%, ranking third among multi-modal robot solution providers in China, with a market share of 5.9%. In 2025, the company sold more than 3.5 million units of intelligent mobile robot solutions.

On the financial side, in the four months ended April 30 in 2023, 2024, 2025, and 2026, the company achieved revenue of approximately RMB 206 million, RMB 286 million, RMB 407 million, and RMB 130 million, respectively. In the same period, the year/period losses were approximately RMB 113 million, RMB 98.58,000, RMB 155 million, and RMB 667.37 million, respectively.