Xiaomi-backed chipmaker Amicro eyes over $100m HK IPO
The sources added that Amicro passed its listing hearing with Hong Kong Exchanges and Clearing last week.
Xiaomi-backed robotics chip designer Amicro Technology is set to initiate premarketing for a Hong Kong initial public offering (IPO) valued at over US$100 million, sources close to the matter have revealed. The company successfully cleared its listing hearing with Hong Kong Exchanges and Clearing (HKEX) last week, fulfilling the final regulatory requirement for the share sale in the city, according to the sources who requested anonymity due to the confidential nature of the information.
As per HKEX's records, Amicro has yet to publish its public listing document, leaving its financial specifics undisclosed. The firm intends to commence bookbuilding next week, with a potential trading debut in mid-October, as per the sources. In August, Amicro received approval from the China Securities Regulatory Commission to embark on the planned Hong Kong IPO, permitting it to issue up to 90.9 million shares.
While the listing process is ongoing, details such as the offering size and timetable may still undergo modifications, per the sources. Established in 2014, Amicro Technology – previously known as Amicro Semiconductor before rebranding in 2025 – specializes in the development of robotics chips, hardware platforms, and algorithms.
Its products find applications in household and commercial cleaning robots, with prominent clientele including major entities such as Xiaomi and Midea Group. The company has shipped more than 10 million units in total. Prior to its IPO, Amicro successfully concluded multiple funding rounds that attracted institutional investors, notably an investment from Xiaomi's investment arm.
Based in Zhuhai, located in China's southern Guangdong province, Amicro achieved the prestigious "little giant" status from the Ministry of Industry and Information Technology. This designation, bestowed by the ministry, honors specialized and innovative small and medium-sized enterprises that concentrate on niche markets, possess core technologies, and boast robust market positions.
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.
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