LDROBOT Robotics Jumps 103% on Hong Kong IPO Debut, Market Cap Hits $2.4B

LDROBOT Robotics surged 103% on its Hong Kong trading debut, closing at HK$53.5 a share.

The Shenzhen-based robotics sensor maker raised HK$878.7 million in its IPO and reached a market value of HK$17.8 billion.

Strong demand for the listing highlights investor appetite for robotics hardware and sensor technology in Hong Kong.

The company supplies DTOF LiDAR and related sensing products used in autonomous machines and robots.