Chinese robot maker AgiBot eyes Hong Kong IPO with three sponsors
AgiBot, a Chinese robotics firm, is aiming for an initial public offering in Hong Kong and has enlisted Citic, CICC, and Morgan Stanley as joint sponsors, sources indicate. The company is seeking a valuation between HK$40 billion (approximately US$5.10 billion) and HK$50 billion for its anticipated listing in 2025, as previously reported by Reuters. Requests for comments from AgiBot, Citic, CICC, and Morgan Stanley went unanswered. This development arrives amid a wave of significant IPOs in Hong Kong, highlighted by Innolight's upcoming listing, which could be the largest in the city in seven years, aiming to raise US$8 billion and scheduled for July 30.
Key facts
- AgiBot plans a Hong Kong IPO with Citic, CICC, and Morgan Stanley as sponsors.
- The company targets a valuation of HK$40 billion to HK$50 billion.
- Reuters reported in 2025 that AgiBot had been eyeing a Hong Kong listing.
- AgiBot, Citic, CICC, and Morgan Stanley did not comment on Wednesday.
- Innolight's IPO raised US$8 billion and debuted on July 30.
- Innolight's IPO attracted more than 30 cornerstone investors.
- Hong Kong is experiencing a resurgence in large IPOs.
- Citic, CICC, and Morgan Stanley are joint sponsors for AgiBot.
Entities
Institutions
- AgiBot
- Citic
- China International Capital Corporation (CICC)
- Morgan Stanley
- Reuters
- South China Morning Post
- Innolight
Locations
- Hong Kong
- China