Chinese Humanoid Robot Maker AgiBot Eyes HK IPO Valued at $5–6 Billion
Sources say AgiBot plans to issue 15%–25% of its shares to the public.
SHANGHAI: Shanghai-based humanoid robot manufacturer AgiBot is planning to launch an initial public offering (IPO) in Hong Kong in 2026, targeting a valuation between HK$40 billion and HK$50 billion (approximately $5.14–$6.4 billion), according to sources familiar with the matter.
Backed by major investors including Tencent and HongShan Capital Group (HSG), AgiBot’s listing comes amid China’s push to accelerate automation and robotics development—to mitigate the challenges of an aging society and compete more aggressively with the U.S. in advanced technologies.
The company has reportedly engaged China International Capital Corp Ltd (CICC) and CITIC Securities as lead underwriters for its Hong Kong IPO. In recent weeks, Morgan Stanley has joined the team. As of March 2025, PitchBook had valued AgiBot at $2.07 billion.
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Sources say AgiBot plans to issue 15%–25% of its shares to the public. The company is expected to file a preliminary prospectus early in 2026, with the aim of completing the float by the third quarter of 2026. However, details such as the size of the offering, exact valuation, and timeline are still under deliberation and may change.
Neither AgiBot nor Morgan Stanley offered comment when contacted, and CICC and CITIC did not respond to email inquiries. The listing operator Hong Kong Exchanges and Clearing Ltd (HKEX) also declined to comment on the company’s plans.
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