Baker McKenzie Advises Robotphoenix Intelligent Technology on Hong Kong Main Board Listing
Baker McKenzie has successfully guided Robotphoenix Intelligent Technology Co., Ltd. through its global offering and listing on the Main Board of the Hong Kong Stock Exchange, raising approximately HKD 750 million (around USD 96 million). The shares, priced at HKD 30.50 each, saw an overwhelming demand, being oversubscribed by 14,891 times, marking it as the most oversubscribed IPO in Hong Kong in nearly 15 years. Robotphoenix, a prominent player in the industrial robotics sector in China, specializes in the design and manufacturing of robotics solutions for light industry applications. The legal team, led by partners Dan Ouyang and Winfield Lau from Baker McKenzie, along with Ronnie Li from FenXun, emphasized the importance of navigating complex regulatory and execution challenges in such a high-stakes transaction. This milestone reflects Baker McKenzie’s extensive experience in capital markets and its commitment to supporting Robotphoenix’s ongoing international expansion.