HK Stock Market Move | ROBOSENSE (02498) rose more than 4% in early trading, raising nearly HK$1 billion in net proceeds from the offering, with around 70% of the funds intended for research and development.

RoboSense (02498) rose more than 4% in the morning session, up 3.46% as of the time of writing, at HK $50.85, with a turnover of HK $89.7716 million. On the news front, RoboSense announced that on February 26, 2025, the company and placement agent entered into a placement agreement to sell up to 22 million new shares through the placement agent at HK $46.15 per share. Assuming all placement shares are sold to underwriters, the net proceeds from the placement are expected to be approximately HK $989 million, with about 70% earmarked for research and development, about 20% for building and improving production lines at home and abroad, and about 10% for exploring potential strategic partnerships. Goldman Sachs previously released a research report stating that RoboSense, with significant progress in the fields of dexterity and vision, was successfully selected as a core enterprise in the global humanoid Siasun Robot & Automation industry chain, alongside top companies such as Tesla, NVIDIA, and Huawei. In addition, RoboSense was also listed in Morgan Stanley's latest report "The Humanoid 100: Mapping the Humanoid Robot Value Chain."