The public offering of Hong Kong IPO CAMSENSE (06802.HK) closed on September 25.
Market sources indicate the public tranche was roughly 3,551 times oversubscribed, drawing about 160,000 participants and involving around HK$250 billion, placing it among the top Hong Kong IPO subscriptions in the second half of 2026.
According to market statistics, its margin financing oversubscription multiple led peer new listings in the same period of the second half of 2026.
The global offering comprised 11.5888 million H shares at an offer price of HK$58.85 per share, with a board lot of 100 shares and an entry cost of about HK$5,944.35, raising up to roughly HK$682 million and net proceeds of about HK$615 million.
China International Capital Corporation Hong Kong Securities Limited and Guosen Securities (Hong Kong) Capital Limited are the joint sponsors, with listing expected on September 30.
Public information shows CAMSENSE is headquartered in Shenzhen and was founded in 2013, focusing on spatial perception products mainly used in robot vacuums, providing customers with solutions such as LiDAR and line laser sensors.
By 2025 revenue, the company ranks first globally in spatial perception solutions for robot vacuums, with a LiDAR shipment market share exceeding 50%.
The top five robot vacuum manufacturers are all customers of the company, and together these customers account for more than 60% of the global robot vacuum market.
The IPO introduced two cornerstone investors subscribing to a combined HK$110 million, about 16.13% of the offer shares.
Among them, Golden Link, a wholly owned subsidiary of BYD, subscribed HK$100 million, while Taiwan's Zhongrun Optoelectronics subscribed HK$10 million.
Zhongrun Optoelectronics is a core upstream supplier to CAMSENSE, providing optical components such as precision optical lenses; BYD is positioning itself in intelligent driving, industrial robots and service robots, and this investment aims to secure an early foothold in the upstream sensor sector.
On the financial side, CAMSENSE reported revenue of 332 million yuan, 433 million yuan and 613.5 million yuan for 2023 to 2025, turning profitable in 2025 with net profit of about 2.2 million yuan.
However, the company's 2025 net margin was only 0.4%, with an overall gross margin of 16.5%, far below the 41.8% level of peer Hesai Technology.