Xiaomi-backed robotics chip designer clears hearing, eyes US$100m Hong Kong IPO: sources
Zhuhai Amicro Technology, a Xiaomi-backed chipmaker, is preparing to begin premarketing for a Hong Kong initial public offering (IPO) of more than US$100 million as early as this week, according to people familiar with the matter. The company passed its listing hearing with bourse operator Hong Kong Exchanges and Clearing (HKEX) last week, clearing the final regulatory hurdle for a share sale in…
Xiaomi-backed robotics chip designer Amicro Technology has successfully cleared its hearing for a potential Hong Kong IPO, with a projected value exceeding US$100 million, according to sources familiar with the matter. The company received approval from the China Securities Regulatory Commission last August, enabling it to issue up to 90.9 million shares.
While HKEX's records indicate that Amicro has not yet published its public listing document, the company is expected to initiate bookbuilding next week, potentially launching its trading debut in mid-October, according to the sources. The funding rounds preceding the IPO have attracted institutional investors, including Xiaomi's investment arm.
Founded in 2014, Amicro specializes in developing robotics chips, hardware platforms, and algorithms used in household and commercial cleaning robots. The company has shipped over 10 million units to date, with major customers such as Xiaomi and Midea Group. Amicro is the first company from the Guangdong-Macau In-Depth Cooperation Zone in Hengqin to receive national "little giant" status, recognizing specialized and innovative small and medium-sized enterprises in niche markets with strong market positions.
Written by urgent.news from SCMP Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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