China’s Mech-Mind Robotics set to open order book for US$300m IPO, sources say
China’s Mech-Mind Robotics Technologies plans to start taking investor orders for its Hong Kong initial public offering (IPO) as soon as next week amid a boom in artificial intelligence-driven robotics that has lifted investor enthusiasm, according to people familiar with the matter. The Meituan-backed company has started gauging interest for a listing that could raise about US$300 million, up…
China's Mech-Mind Robotics Technologies is preparing to open orders for its Hong Kong initial public offering (IPO) next week, according to sources familiar with the matter. The Meituan-backed company aims to raise approximately US$300 million in the listing, an increase from its previous target of US$200 million. Mech-Mind's debut in the Hong Kong stock market is expected in early September.
The firm, based in Xiongan New Area in northern China's Hebei province, recently passed its listing hearing with Hong Kong Exchanges and Clearing (HKEX), clearing the final regulatory hurdle for a Hong Kong listing.
This move follows a surge in interest in artificial intelligence-driven robotics, with other fast-growing robot makers also eyeing listings in Hong Kong, such as AgiBot and X Square Robot. Mech-Mind's shares have already seen a significant rise, with Unitree Robotics' shares initially surging 629 percent in their debut in Shanghai on Wednesday.
Despite being loss-making, with a 109 million yuan (US$16 million) adjusted net loss in 2025, Mech-Mind expects continued losses in the current year due to heavy spending on research, development, and sales. The company filed a plan to issue up to 27.48 million overseas ordinary shares on August 7, having completed pre-IPO funding at a 6.3 billion yuan valuation in May 2025.
Founded in 2016, Mech-Mind specializes in industrial 3D cameras and AI-powered software that enhance robots' ability to perceive their environments and make intelligent decisions. The company is backed by Meituan, Intel, and HongShan Capital Group, formerly known as Sequoia Capital China. Mech-Mind's listing joins a wave of robotics companies going public in Hong Kong, capitalizing on the city's growing enthusiasm for the sector.
Morgan Stanley's report highlights China's early dominance in humanoid robotics, with Chinese manufacturers supplying 90 percent of the 13,000 to 16,000 units delivered globally last year, with deliveries expected to double to 28,000 units this year. China Securities International and Citic Securities are sponsoring Mech-Mind's listing.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
