Noetix Robotics, backed by CATL, reportedly files confidentially for Hong Kong IPO

Noetix Robotics, a robotics company backed by Contemporary Amperex Technology Co. Ltd. (CATL), has confidentially filed for an initial public offering in Hong Kong and is seeking to raise several hundred million dollars, according to Techub News, citing Bloomberg. People familiar with the matter said the company has submitted its listing application documents to Hong Kong Exchanges and Clearing. The company focuses on the research, development and manufacturing of industrial robots, with products used in areas including automated production lines. The report said the final size and timing of the IPO have not yet been decided. Those details remain subject to market conditions. No further terms were disclosed in the source material.