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<IPO>Humanoid Robot Company GALBOT Plans HK IPO: Report
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Chinese humanoid robot company GALBOT has been preparing for a Hong Kong listing in recent months and is projected to submit its listing application to the Hong Kong Stock Exchange as early as next month, according to Tencent News "Yixian", citing people with the knowledge of the matter. GALBOT purportedly wrapped up its corporate shareholding reform procedures at the end of last month, and the current corporate entity is "Beijing Galbot Robotics Co., Ltd. (literal translation of "北京銀河通用機器人股份有限公司")". It is anticipated that its valuation ranks among the top robot companies in Mainland China, only preceded by industry peers Yushu Technology (Unitree Robotics) and Zhiyuan Robotics, which are also rumored to be planning Hong Kong IPOs. Galbot was established in May 2023, with existing investors including CATL (03750.HK), MEITUAN-W (03690.HK), Qiming Venture Partners, IDG Capital, and others, data showed. Over the past less than two years, it has accumulated financing exceeding RMB2.4 billion. AASTOCKS Financial News Website: www.aastocks.com |
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