Bloomberg reported, citing people familiar with the matter, that Shenzhen-based robotics company LimX Dynamics has confidentially filed for an initial public offering in Hong Kong. The company is said to be seeking to raise as much as $300 million. According to the report, LimX Dynamics is working with CITIC Securities on the proposed transaction. The reported filing comes at a time when several Chinese robotics companies are also preparing to go public, placing LimX Dynamics among a broader group of firms moving toward listings.
Bloomberg reported, citing people familiar with the matter, that Shenzhen-based robotics company LimX Dynamics has confidentially filed for an initial public offering in Hong Kong and could raise as much as $300 million.
The report said the company is working with CITIC Securities on the deal. The move comes as several Chinese robotics companies are preparing for listings.
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