X Square Robot Files Confidentially for Hong Kong IPO
X Square Robot, a Shenzhen-based robotics startup, has reportedly filed for an initial public offering (IPO) in Hong Kong. The company is collaborating with Huatai Securities and Morgan Stanley in this effort. This initiative is in line with a growing trend among Chinese robotics firms seeking to attract public funding, despite recent US trade measures. Details remain scarce as representatives from X Square Robot, Morgan Stanley, and the Hong Kong Exchanges and Clearing have not provided comments. Recently, X Square Robot launched a flower-arranging home assistant on April 21 in Beijing, highlighting its focus on consumer automation.
Key facts
- X Square Robot filed confidentially for an IPO in Hong Kong.
- The company is based in Shenzhen, China.
- Huatai Securities and Morgan Stanley are the sponsors for the IPO.
- The filing is part of a trend of Chinese robot makers going public.
- US trade restrictions are a backdrop to the IPO.
- X Square Robot and Morgan Stanley declined to comment.
- HKEX does not comment on individual companies.
- Unitree Robotics is also pursuing an IPO on Shanghai's Star Market, selling 40.45 million shares (10% of enlarged capital).
Entities
Institutions
- X Square Robot
- Huatai Securities
- Morgan Stanley
- Hong Kong Exchanges and Clearing (HKEX)
- Unitree Robotics
- Shanghai's Star Market
Locations
- Hong Kong
- Shenzhen
- China
- Beijing
- Hangzhou