RoboTechnik Intelligent Technology fell as much as 8.5% in its Hong Kong debut after raising HK$5.18 billion through its IPO. Weak market sentiment pressured new listings, with Shenzhen Kinwong and Red Avenue also opening below offer prices. Direct Drive Tech bucked the trend, gaining 4.1%, as Hong Kong IPO activity continues recovering.
RoboTechnik Intelligent Technology fell as much as 8.5% in its Hong Kong debut after raising HK$5.18 billion through its IPO. Weak market sentiment pressured new listings, with Shenzhen Kinwong and Red Avenue also opening below offer prices. Direct Drive Tech bucked the trend, gaining 4.1%, as Hong Kong IPO activity continues recovering.
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