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Robotics Firm PaXini Eyes Hong Kong IPO
3 Jun
Summary
- PaXini Tech is considering a Hong Kong IPO.
- The company is backed by electric-car maker BYD Co.
- PaXini raised over 1 billion yuan in a recent funding round.
PaXini Tech, a prominent developer of robotic hands and humanoid robots, is reportedly contemplating a Hong Kong initial public offering. The company is collaborating with financial institutions to explore this potential public listing, with plans to potentially file with the Hong Kong exchange in the upcoming months.
This move comes as investor interest in the robotics sector, particularly within China, continues to grow. PaXini Tech has already secured significant backing from major corporations like BYD Co. and JD.com Inc. In March, the company successfully closed a funding round, raising over 1 billion yuan and achieving a valuation exceeding 10 billion yuan.
PaXini's product line includes sophisticated tactile sensors, dexterous robotic hands, and the humanoid robot Tora. The company's potential IPO reflects a broader trend of Chinese high-tech firms seeking public market access to fuel growth and innovation in strategic sectors like artificial intelligence and robotics.
