{
  "id": 3893192,
  "title": "SoftBank-backed surgical robotics firm eyes Hong Kong listing to power mainland China push",
  "url": "https://urgent.news/2026/08/28/softbank-backed-surgical-robotics-firm-eyes-hong-kong-listing-to",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T05:00:12.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/business/companies/article/3365539/softbank-backed-surgical-robotics-firm-eyes-hong-kong-listing-power-mainland-china-push"
  },
  "original_language": "en",
  "account": "SoftBank-backed surgical robotics firm Noah Medical is preparing for a Hong Kong initial public offering, aiming to capitalize on China's growing market. The US-based company seeks to raise over US$100 million and has chosen Hong Kong due to its status as an international financial hub with a globally recognized stock exchange. Founder Zhang Jian highlighted the company's intention to expand sales of surgical robots in top-tier and emerging Chinese cities, with Sir Run Run Shaw Hospital and Prince of Wales Hospital as potential customers. Currently, 90% of Noah Medical's revenue comes from the United States, where surgical robots have treated approximately 15,000 patients. The company's investors include SoftBank Vision Fund, Lenovo Capital, Incubator, HongShan Capital Group, Saudi Aramco, Medtronic, Olympus, and Primavera Capital. Noah Medical, founded in 2018, develops robots that access internal organs through natural orifices, avoiding incisions. The company's latest robot, Galaxy II, allows doctors to switch imaging methods during procedures. Noah Medical's valuation stands at around US$571.5 million as of September 2025.",
  "summary": "SoftBank-backed surgical robotics company Noah Medical has begun preparations for a Hong Kong initial public offering, joining a wave of cutting-edge technology firms tapping the city’s international fundraising pool. The US-headquartered company aimed to raise more than US$100 million and planned to file its listing application as early as next year, according to founder Zhang Jian. “We want to…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Shein’s Hong Kong IPO pricing values company at US$26.5b: sources",
        "url": "https://urgent.news/2026/08/27/sheins-hong-kong-ipo-pricing-values-company-at-us-26-5b-sources",
        "published": "2026-08-27T03:20:42.000Z"
      },
      {
        "outlet": "Hong Kong Free Press",
        "title": "Hong Kong enhances heat stress warning system after chorus of criticism, but rules still not binding",
        "url": "https://urgent.news/2026/08/27/hong-kong-enhances-heat-stress-warning-system-after-chorus-of",
        "published": "2026-08-27T23:40:00.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "Hong Kong home prices end 13-month upswing as mainland Chinese tax fears weigh on demand",
        "url": "https://urgent.news/2026/08/28/hong-kong-home-prices-end-13-month-upswing-as-mainland-chinese-tax",
        "published": "2026-08-28T00:00:16.000Z"
      },
      {
        "outlet": "RTHK News",
        "title": "Hong Kong begins ride-hailing licence applications",
        "url": "https://urgent.news/2026/08/28/hong-kong-begins-ride-hailing-licence-applications",
        "published": "2026-08-28T05:15:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}