Chinese robotics firm AgiBot is advancing plans for an initial public offering in Hong Kong, targeting a valuation of HK$40 billion to HK$50 billion.
The company has engaged Citic Securities, China International Capital Corporation (CICC), and Morgan Stanley as sponsors for the deal, according to sources familiar with the matter.
4 billion in the first half of the year, reclaiming the exchange's status as a global powerhouse for new listings.
The move signals confidence in the commercial viability of humanoid robotics and the appetite of investors for high-growth technology assets in Asia.
AgiBot, known for its development of general-purpose robots, aims to tap into the deep liquidity of the Hong Kong market to fund further expansion and research.
The proposed listing arrives as the Hong Kong Stock Exchange experiences a significant resurgence in capital-raising activity.
Proceeds from initial public offerings and secondary listings surged 84.3% year-on-year to US$26.4 billion in the first half of the year, reclaiming the exchange's status as a global powerhouse for new listings.
This momentum follows a broader rally in Hong Kong-listed technology shares, driven by renewed interest in artificial intelligence applications.