Consumer Tech Brand xTool Files for Hong Kong IPO After $200M Tencent-Led Pre-IPO Round
Want to read in a language you're more familiar with?
Consumer technology company xTool has filed for a Hong Kong listing after closing a $200 million pre-IPO round led by Tencent.
On January 1, 2026, consumer technology brand xTool formally submitted its prospectus to the Hong Kong Stock Exchange, seeking a main board listing. The joint sponsors for the offering are Morgan Stanley and Huatai Securities.
According to the prospectus, xTool completed an approximately $200 million Pre-IPO (Series D) financing round in 2025, led by Tencent, with participation from Granite Asia, Cathay Capital, Gaorong Capital, Source Code Capital, and Vision Knight Capital. Existing backers include Sequoia China, Shenzhen Capital Group, and CICC Alpha.
Proceeds from the IPO will be used to step up research and development, strengthen brand-building efforts, expand overseas user communities, and enhance supply chain capabilities.
xTool focuses on laser-based personal creative tools and material printers, targeting individual consumers, small and medium-sized businesses (SMBs), and branded retail stores.
