On December 23, 2024, Shenzhen Dobot Corp Ltd (Shenzhen Dobot) successfully listed on the Main Board of the Stock Exchange of Hong Kong (SEHK), raising approximately HK$752 million (US$96.7 million) from its IPO, or approximately HK$864.8 million (US$111.2 million) if the underwriters exercise their over-allotment option in full. Shenzhen Dobot is the third specialist technology company that has successfully listed under Chapter 18C of the Hong Kong Listing Rules, a regime introduced by the SEHK in March 2023 for technology companies. Wilson Sonsini Goodrich & Rosati acted as issuer’s U.S. and Hong Kong counsel in the IPO and SEHK listing. To date, Wilson Sonsini has handled two of the three companies that have completed listings under Chapter 18C, demonstrating its leadership in the technology listing regime.

Shenzhen Dobot is one of the leading companies that specialize in the development, manufacturing, and commercialization of collaborative robots, or commonly known as “cobots.” Leveraging its proprietary full stack cobot development technologies and in-house design and development of key components, Shenzhen Dobot offers selections of cobots in payload capacity, axis model, and use case, addressing customers’ diverse needs across a wide array of use cases. Shenzhen Dobot is a top two player in the global cobot industry and the No.1 player among all Chinese cobot companies.

The Wilson Sonsini team that represented Shenzhen Dobot in the IPO and SEHK listing included Dan Ouyang, Winfield Lau, Ke Li, Zhenzhen Bao, Erwin Qin, Rujin Ruan, Celia Li, Darren Zhuang, and Frank Wei.

For more information, please see Shenzhen Dobot’s press release.