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Harmonic Drive Systems Ends Hong Kong IPO Subscription with HK$159 Billion Institutional Demand, 2,766x Oversubscription

2026-06-25 06:36:20

According to Zhitong Finance, the subscription for Harmonic Drive Systems (03952), a Chinese robot transmission component manufacturer, ended on June 25 with HK$159 billion in institutional demand, representing 2,766x oversubscription of the HK$57.46 million public offering. The company plans to issue 13.442 million H-shares at HK$77–85.5 per share, targeting up to HK$1.15 billion in gross proceeds, with listing scheduled for June 30. According to Frost & Sullivan, Harmonic Drive Systems ranked second among Chinese robot harmonic reducer providers by 2025 shipment volume with 21.4% market share.

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