Direct Drive Tech

Direct Drive Tech (Ticker: 6731 HK) develops and manufactures direct-drive motors, power modules and robotic systems for mobile robots used in inspection, delivery and related tasks. Its portfolio includes the D1, TITA and DIABLO robotic platforms, along with motion-control technologies and software that helps coordinate robots. A 15% greenshoe facility provides for up to 7.50 million additional shares. The offering includes 50.00 million newly issued primary shares.

The scheduled listing date on Hong Kong Stock Exchange was September 29, 2026. The proposed offering comprises 50,000,000 shares at an indicative price of HKD 21.60 per share. The base offering would represent HKD 1.08 billion, approximately $137.62 million in gross proceeds, excluding any unexercised over-allotment. The indicated IPO market capitalization is approximately $1.00 billion.

CLSA, CMB International Capital, China Harbour International Securities, Futu Securities International (Hong Kong) and Neutral Financial Holding are managers of the offering.