Xiaomi-Backed Robotics Chip Designer Amicro Clears HKEX Hearing for US$100m Hong Kong IPO

Amicro, a robotics chip designer backed by Xiaomi, has cleared a Hong Kong Exchanges and Clearing (HKEX) listing hearing and is targeting a US$100 million initial public offering in Hong Kong, according to sources cited by the South China Morning Post. The company intends to launch premarketing for the deal as early as this week, with bookbuilding potentially beginning next week and a trading debut possible in mid-October. HKEX records show Amicro has not yet published a public listing document, meaning its financial details remain undisclosed. The sources spoke on the condition of anonymity. The filing marks a step forward for the chip designer as it moves toward a Hong Kong listing, though the absence of a public prospectus leaves key financial information, including revenue, profitability and shareholding structure, unavailable. Xiaomi's backing positions Amicro within a broader wave of Chinese semiconductor and robotics companies seeking capital through Hong Kong's equity market. The timeline remains subject to market conditions and regulatory processes, and neither Amicro nor HKEX has publicly confirmed the offering details.