Baker McKenzie Advises Robotphoenix Intelligent Technology on Hong Kong Main Board Listing

Baker McKenzie has advised Robotphoenix Intelligent Technology Co., Ltd. (Robotphoenix) on its global offering and successful listing on the Main Board of the Hong Kong Stock Exchange. The global offering raised approximately HKD 750 million (approximately USD 96 million). The offer price was set at HKD 30.50 per share. A total of 24.6 million H Shares were on offer. The shares were oversubscribed by 14,891 times, making it the most oversubscribed Hong Kong IPO in nearly 15 years. The stock code is 6871.

Robotphoenix is a leading industrial robotics company in China, focused on the design, development, manufacturing and commercialization of industrial robots and integrated robotics solutions for light industry applications. It was ranked fourth among domestic light industrial robot and solutions providers in China's market in terms of related revenue in 2025.

The deal team, comprising lawyers from Baker McKenzie and FenXun*, was led by Dan Ouyang, partner and co-chair of Baker McKenzie's Asia Pacific and China Capital Markets practices and Winfield Lau, Baker McKenzie partner, alongside Ronnie Li from FenXun's International Capital Markets Practice. Other team members included Haoqian Chen, Robin Liu, Layla Du, Aileen Xu, Yude Shen, Leyi Yan, Elsbeth Zhu and Helen Zhang.

Commenting on the transaction, Dan Ouyang said: "Advising Robotphoenix on a transaction of this scale highlights Baker McKenzie's deep experience in complex and highly subscribed Hong Kong IPOs. The strong investor demand underscores the company's leading market position and technology capabilities, while also demonstrating the importance of navigating regulatory, structural and execution considerations with precision. We are pleased to have supported Robotphoenix through this significant milestone with a fully integrated capital markets team and we look forward to supporting its continued international growth."

With one of the world's largest capital markets practices, Baker McKenzie advises issuers, investment banks, financial sponsors, selling shareholders and other market participants across the full spectrum of equity, debt and public and private market solutions, including IPOs, rights issues and other follow-on offerings, debt issuances and complex, multijurisdictional acquisitions and divestitures.

Over the past three years, the Firm has advised on capital-raising matters across more than 40 stock exchanges worldwide and has been ranked for capital markets in more jurisdictions than any other by Chambers.

*Baker McKenzie established a joint operation office with FenXun in China as Baker McKenzie FenXun, approved by the Shanghai Justice Bureau in 2015.