Embodied AI investors collectively losing money: 8 of 13 robotics firms that listed in Hong Kong broke issue price

In the first half of 2026, there were 312 domestic embodied AI financing deals, but 8 of the 13 robotics companies that listed in Hong Kong this year broke their issue price; cornerstone investors in 10 companies invested a combined HK$4.861 billion and had a theoretical net unrealized loss of HK$855 million. The median per-share book return of the final funding round for 12 companies was only 70.4%, and profits would be wiped out if share prices fell another 41%. The institutional holdings of the 13 companies are conservatively estimated at over HK$20.9 billion; 8 of them have average daily turnover of less than HK$20 million, and based on a static estimate of daily sales equal to 20% of turnover, the median time needed to fully exit would be 473 trading days.