IPO News | Rumor has it that the 20 billion unicorn Zhi Square plans to go public in Hong Kong and go public for an IPO next year as soon as possible

The Zhitong Finance App learned that the media quoted people familiar with the matter as saying that Chinese robot manufacturer Zhifang Technology is considering an initial public offering (IPO) in Hong Kong to seek to take advantage of the market's interest in this growing industry. People familiar with the matter revealed that Zhi Square is cooperating with consultants to prepare a potential listing plan, which may be carried out as soon as next year. Discussions on the IPO are still ongoing, and specific details such as the release date are still subject to change.

Zhi Square did not respond to requests for comment on the above news.

According to public information, Zhifang was founded in April 2023 and is the world's leading general intelligent robot R&D, production and service provider. Zhi Square's AlphaBot series of general-purpose intelligent robots is a mass-production-oriented robot shape defined by the AlphaBrain, a sizeable model of Zhi Square. It has excellent spatial intelligence and strong learning ability, and can quickly adapt to new environments and perform various tasks as quickly as humans.

At the end of June this year, Zhi Square completed a new round of financing after the stock reform and raised nearly 5 billion yuan, making it the first intelligent unicorn in the Guangdong-Hong Kong-Macao Greater Bay Area with a valuation exceeding 20 billion yuan.