DEEP Robotics Begins A-Share IPO Process, Becomes Third “Hangzhou Six Dragons” Company to Pursue Listing
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Quadruped and humanoid robot maker DEEP Robotics has initiated its A-share IPO process, becoming the third among the "Hangzhou Six Dragons" tech firms to pursue a public listing. The company, which launched industry-first robots like the LYNX M20 in 2025, reported rapid revenue growth ahead of its listing move.
Hangzhou DEEP Robotics Co., Ltd. has officially entered the A-share IPO process after signing a listing advisory agreement with CITIC Securities on December 8, 2025, and completing regulatory filing with the Zhejiang Securities Regulatory Bureau on December 10.
Founded in 2017, DEEP Robotics focuses on the development of quadruped robots, humanoid robots, and core robotic components, and is recognized as a national high-tech enterprise. The move makes it the third company among the so-called “Hangzhou Six Dragons”—a group of leading local unicorns or near-unicorns—to initiate an IPO, following Manycore (Qunhe Technology) and Unitree Robotics. Unitree completed its own IPO advisory phase on November 10, 2025.
In 2025, DEEP Robotics achieved several notable product breakthroughs. In April, it unveiled the “LYNX M20,” the world’s first wheel–leg hybrid robot designed for complex terrain in industrial settings. In October, it launched DR02, claimed to be the world’s first all-weather, industry-grade humanoid robot, featuring IP66 protection and wide-temperature operation.
The company’s solutions are now deployed across 34 provincial-level regions in China and 44 overseas markets, serving applications such as power inspection, emergency firefighting, and security patrols. Founder and CEO Zhu Qiuguo noted that the company achieved rapid revenue growth in 2025, reinforcing market confidence as it moves toward public listing。
Source : IPOzaozhidao
