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 plans to begin accepting investor orders for its Hong Kong initial public offering (IPO) next week, according to sources familiar with the situation. The company, backed by Meituan, aims to raise approximately US$300 million during its listing, up from a previous target of US$200 million. Mech-Mind is set to debut on the stock market in early September, after passing its listing hearing with Hong Kong Exchanges and Clearing (HKEX) last week. The company is based in Xiongan New Area, in northern China’s Hebei province.
The recent surge in artificial intelligence-driven robotics has generated excitement among investors, leading to a wave of robotics companies going public in Hong Kong. Mech-Mind joins the list of firms like AgiBot and X Square Robot that are planning to list on the Hong Kong stock exchange. The company's initial public offering is expected to be the first of its kind, given its status as an AI-powered robotics company.
Mech-Mind remains loss-making, with an adjusted net loss of 109 million yuan (US$16 million) in 2025, a slight improvement from the 214 million yuan loss in 2024. The company anticipates continued losses in the current year due to substantial investments in research, development, and sales. On August 7, the China Securities Regulatory Commission authorized Mech-Mind to issue up to 27.48 million overseas ordinary shares.
Founded in 2016, Mech-Mind specializes in industrial 3D cameras and AI-powered software that enables robots to perceive their surroundings and make intelligent decisions. The company’s investors include Meituan, Intel, and HongShan Capital Group, formerly known as Sequoia Capital China. Mech-Mind completed pre-IPO funding in 2025 at a valuation of 6.3 billion yuan.
A May report by Morgan Stanley emphasized China’s dominance in the humanoid robotics market, noting that Chinese makers supplied 90% of the 13,000 to 16,000 units delivered globally last year. The bank predicts that Chinese manufacturers will double these deliveries to 28,000 units this year. Mech-Mind’s listing sponsors are China Securities International and Citic Securities.
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