Seer Intelligent launches $136 million Hong Kong IPO

Robot control systems provider Shanghai Seer Intelligent Technology Co. Ltd. (6106.HK) launched its Hong Kong IPO on Monday, offering 10.5 million shares at HK$101.60 each, seeking to raise approximately HK$1.07 billion ($136 million). Subscriptions close on Thursday, with the stock scheduled to make its trading debut on June 24.

Seer Intelligent is focused on robotic control systems, and develops and sells robots, controllers, software and accessories. According to its prospectus, the company serves more than 2,000 integrators and end customers in over 35 countries and regions.

The company reported revenue of 442 million yuan ($61.5 million) in 2025, up 30.2% year-on-year, while its net loss widened 11.2% to 47.1 million yuan. It generated revenue primarily from sales of robots integrated with its SRC-series robotic controllers. China accounted for 82.7% of total revenue, with the remainder came from overseas markets.

Seer Intelligent plans to use about half of the IPO proceeds for technology and infrastructure development, 20% for building R&D and production facilities, 15% for acquisitions and investments in the robotics value chain, 10% to expand its global sales network, and the remainder for working capital and general corporate purposes.

By Lee Shih Ta

To subscribe to Bamboo Works weekly free newsletter, click here