On September 7, MECH-MIND ROBOT rose 5.22% in regular trading, trading at approximately 83.5 HKD/share, with turnover of approximately 6.0021 million HKD.

On the news front, the stock is staging a technical rebound after four straight trading days of losses since its September 1 debut on the Hong Kong Stock Exchange. MECH-MIND ROBOT listed at the top end of its IPO price range at 101.70 HKD per share but fell continuously, accumulating a decline of over 22% and hitting an all-time low of 75.4 HKD intraday, wiping out nearly 2.9 billion HKD in market capitalization from its listing-day peak. The post-IPO selloff stood in sharp contrast to its blockbuster subscription phase, where the public offering was oversubscribed approximately 3,835 times, attracting around 252,500 applicants. The company raised net proceeds of approximately 2.2 billion HKD, backed by nine cornerstone investors including Baillie Gifford and Taikang Life committing a combined USD 186 million.

MECH-MIND ROBOT was founded by a Tsinghua University returnee team in 2016, specializing in embodied intelligence robotics. The company develops AI-powered 3D vision, robotic brain algorithms, and dexterous hands, with products deployed across automotive, new energy, consumer electronics, and logistics industries for over 1,600 cumulative clients globally.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)