New Stock News | Karel Technologies (02729) in Hong Kong received 2153.26 times oversubscription in public offering, will be listed on March 24th.

Kailuter Technology (02729) announced the final offer price and allocation results, with a total of 36.798 million shares offered globally. The public offering accounts for 10%, while the international offering accounts for 90%. The final offer price is HK$16.66 per share, with a net fundraising of approximately HK$555.7 million from the global offering. The company was listed on the Hong Kong Stock Exchange on March 24, 2026. The public offering in Hong Kong received a significantly oversubscribed response, with 107,253 valid applications and a subscription multiple of 2153.26 times, making it the oversubscribed champion in the Hong Kong stock market this year in the Siasun Robot & Automation sector. The international offering portion received 3.37 times oversubscription, with a total of 123 underwriters. Kailuter's grey market surged by over 80%, with the market value exceeding HK$13 billion based on the grey market price. Kailuter Technology is a rare domestically owned full-stack intelligent indoor logistic Siasun Robot & Automation enterprise, focusing on providing products and solutions for the entire process of intelligent indoor logistics supply, and has established a strong leading position in the industry. According to Frost & Sullivan data, based on revenue in 2024, Kailuter Technology ranks among the top five comprehensive intelligent indoor logistic Siasun Robot & Automation companies in China. As of now, Kailuter Technology's business footprint has successfully expanded to 29 industries in 19 countries and regions globally, serving a total of 861 customers in sectors such as automotive, pharmaceuticals, new energy, 3C electronics, and e-commerce, among others. Of note, its overseas business is becoming the second growth curve, with the total value of orders to be delivered reaching 2.2 billion yuan by the end of 2025, and overseas project orders totaling as high as 685 million yuan. With solid market expansion capabilities, the company's operating performance continues to grow, with revenue increasing from 657 million yuan in 2022 to 721 million yuan in 2024, and approximately 552 million yuan in revenue for the first nine months of 2025.