Seer Tech posts modest gain in Hong Kong trading debut

Shares of robot control systems provider Shanghai Seer Intelligent Technology Co. Ltd. (6106.HK) opened flat in their Hong Kong trading debut on Wednesday, then edged higher during the morning to close up 13.5% at HK$115.30 by the midday break.

The company sold 10.5 million shares for HK$101.60 apiece, raising net proceeds of about HK$995 million ($131 million). The public retail tranche for local investors was oversubscribed by 5,934 times, while the international placement was oversubscribed by 21 times. Eight cornerstone investors collectively purchased 4.55 million shares, accounting for 43.34% of the total offering.

The company reported revenue of 440 million yuan in 2025, up 30% from 339 million yuan in 2024. Its net loss last year widened by 11% to 47.07 million yuan compared with 2024.

The company plans to use 50% of the IPO proceeds for development of core technologies and infrastructure, with another 20% earmarked for constructing a multifunctional center. Another 15% will be used for acquisitions and investments across the robotics supply chain, and 9.7% will go toward establishing a global sales network. The remaining 5.3% will be used for general working capital.

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