Direct Drive Tech launched its public trading on the Hong Kong Stock Exchange with a $1 billion valuation. The company secured HK$1.08 billion (about $138 million) in its initial offering. The move marks its expansion into Hong Kong’s capital markets.
Direct Drive Tech, a Chinese robotics company, plans to raise **$138 million** through its Hong Kong IPO, listing on **September 29, 2026**. The firm specializes in robotic drive technology and was founded in **2020** by **Zhang Di**. The company targets growth in automation solutions for industrial applications.
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Direct Drive Tech launched its initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX) on September 21. The company aims to become the world’s first publicly listed firm specializing in direct-drive robot technology. The listing marks a significant milestone for the robotics sector, positioning Direct Drive Tech as a pioneer in this niche market.
