Chinese industrial robot manufacturer Estun Automation officially listed on the Main Board of Hong Kong Exchanges and Clearing on Monday, with stock code 2715.HK.
The IPO offered 96.78 million H shares globally. According to the allotment results, the international placement was oversubscribed by 3.34 times, while the public offering in Hong Kong was oversubscribed by about 19.67 times, raising net proceeds of approximately HKD 1.412 billion.
Huatai Financial Holdings acted as the sole sponsor and global coordinator for the company. Seven cornerstone investors were introduced in this issuance, with a combined subscription amount of about USD 66.91 million.
Estun primarily provides industrial robots and intelligent manufacturing systems to clients in the automotive, construction machinery, heavy industry, and lithium battery sectors. According to data from Frost & Sullivan, the company has maintained the leading position in local supplier shipments in the Chinese industrial robot solutions market for several years.
Based on revenue in 2024, the company ranks sixth among global industrial robot manufacturers, with an approximate 1.7% share of the global market and about a 2.0% share of the Chinese market.
Version two — Industry media style
Chinese industrial robot company Estun Automation officially entered the Hong Kong capital market.
IPO Raises HKD 1.4 Billion
The company listed on the Main Board of Hong Kong Exchanges and Clearing on Monday, with stock code 2715.HK, and a lot size of 200 shares.
The IPO issued 96.78 million H shares, raising net proceeds of approximately HKD 1.412 billion.
Subscription details show:
International placement oversubscribed by 3.34 times
Hong Kong public offering oversubscribed by 19.67 times
This issuance was led by Huatai Financial Holdings as the sole sponsor.
Leader in Industrial Robotics
Estun is a significant player in China's industrial robotics sector, offering products including:
Industrial robots
Intelligent manufacturing systems
Core automation components
Motion control systems
Their clients mainly come from the automotive, construction machinery, and lithium battery manufacturing industries.
According to data from Frost & Sullivan, the company has long maintained the leading position among domestic manufacturers in terms of shipments in the Chinese industrial robot solutions market.
Market Growth Potential
The global industrial robot market is growing rapidly.
From 2020 to 2024, the global industrial robot solutions market grew from USD 14.7 billion to USD 25.4 billion.
The market size is expected to reach USD 51.8 billion by 2029.
During the same period, the Chinese market size is expected to grow from USD 12.7 billion to USD 28.8 billion.
