New stock news | xTool submits application to Hong Kong Stock Exchange

According to the disclosure by the Hong Kong Stock Exchange on January 1st, xTool Innovate Limited (referred to as xTool) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Morgan Stanley and Huatai International as its joint sponsors. The prospectus shows that xTool is a global high-end consumer technology brand dedicated to empowering creative creations from digital to physical. xTool is the world's leading brand of laser personal creative tools, with a 37% market share based on GMV in the first nine months of 2025. xTool is also the largest and fastest-growing brand of laser engraving and cutting machines, with a 47% market share based on GMV in the first nine months of 2025, six times larger than the second-largest brand and surpassing the market share of brands ranked second to tenth combined.