IPO News | Chuanji Dynamics submits a Hong Kong stock IPO application in a confidential form to raise up to US$300 million

The Zhitong Finance App learned that, according to media reports quoting people familiar with the matter, Shenzhen Chuji Power Technology Co., Ltd. (abbreviation: Chuji Dynamics) has submitted a Hong Kong initial public offering (IPO) application in a confidential form and plans to raise up to 300 million US dollars. The company is cooperating with CITIC Securities to advance the listing. According to people familiar with the matter, related discussions, including the scale and timing of the release, are still ongoing.

Chugai Dynamics Finance Director Jesse Liu recently told the media that the company is preparing for an IPO, but declined to disclose details.

According to information, Chugai Dynamics was founded in 2022 and is a full-body intelligent robot host manufacturer focusing on the R&D, manufacturing and commercialization of general-purpose robots. Its products cover fully autonomous humanoid robots Oli, LunA, and the modular robot Tron series. Its investors include Alibaba, JD, IDG Capital, etc. In July of this year, Progressive Dynamics completed the pre-IPO round of financing, with a financing amount of nearly 200 million US dollars, and a post-investment valuation of 15 billion yuan.