New stock news | 06106 Xian Artificial Intelligence has completed its IPO and received 26.7 billion HK dollars in subscriptions, oversubscribed by nearly 500 times.

Intelligent robotic company Siasun Intelligent (06106) will be listed from June 15th to 18th. Siasun Intelligent plans to issue 10.497 million H shares at a price of HKD 101.6 per share, raising HKD 1.07 billion with a board lot of 50 shares and an entry fee of HKD 5,131.2. Siasun Intelligent is expected to be listed on June 24th, with CICC as the sole sponsor. As of the afternoon of June 17th, the public portion has received HKD 26.7 billion in subscription, with a public fundraising amount of HKD 53.33 million, oversubscribed by nearly 500 times. Siasun Intelligent has applied for listing under Chapter 18C of the Listing Rules, requiring a clawback mechanism, with 5% of the shares for public offering. If the Hong Kong public offering portion subscribed shares exceed 10 times and 50 times preliminary issuance size, it will increase to 10% and 20% of the initial offering. In addition, there is a 15% over-allotment option, allowing the company to issue an additional 1.5746 million shares. Assuming the over-allotment is not exercised, the company's market value after listing will be around HKD 11.2 billion. Siasun Intelligent has introduced cornerstone investors including HHLRA, Yuanbao Jiaban, 3W Fund, GF Fund, Ruifa Investment, Zhonghe Capital, Yishao Capital, and Nova Kerry Inc, with a total subscription of USD 59 million (HKD 460 million). According to the prospectus, Siasun Intelligent is an intelligent Siasun Robot & Automation company with Siasun Robot & Automation control system as its core. It develops and sells Siasun Robot & Automation, controllers, software, and accessories based on the market position and leading technology of the "Siasun Robot & Automation brain" - the Siasun Robot & Automation control system, providing a one-stop intelligent Siasun Robot & Automation solution for real-world scenarios. The company has over 2,000 integrators and end customers in more than 35 countries and regions. In 2025, 82.7% of the company's revenue comes from mainland China, with the remaining portion from overseas markets. As of now, the company has deployed over 2,000 models of Siasun Robot & Automation through its platform, covering over 20 sub-industries including consumer electronics, automotive, automation equipment, new energy, semiconductor, engineering machinery, and biomedicine.