Woan Robotics Launches Hong Kong IPO With Hillhouse as Cornerstone Investor, Eyes “AI Home Robotics First Stock”
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AI home robotics firm Woan Robotics launched its HK IPO, backed by $90M in cornerstone investments led by Hillhouse and known for its ACE.MATE tennis robot.
AI home robotics company Woan Robotics officially launched its Hong Kong IPO on December 18, with plans to list on December 30 under stock code 6600. The offering is priced between HK$63 and HK$81(approx. USD 8.1 – 10.4) per share, targeting proceeds of up to HK$1.8 billion (approx. USD 231 million).
The IPO has attracted strong interest from top-tier investors, attracting nine cornerstone investors with combined subscriptions of approximately US$90 million . Hillhouse Capital is the largest cornerstone investor.
Woan stands out for its product innovation. Its AI-powered tennis robot, ACE.MATE, was named one of TIME magazine’s Best Inventions of the Year. Financially, the company has delivered a three-year revenue CAGR of 49% and has already achieved profitability, positioning it as a leading contender for China’s first listed AI home robotics company.
Source : IPOzaozhidao
