New Stock News | Siasun Robot & Automation, a cleaning robot company, plans to go public in Hong Kong with a target fundraising of $200 million.

According to reports, Siasun Robot & Automation, focusing on cleaning robots, plans to list in Hong Kong with a target fundraising of $200 million (approximately 1.56 billion Hong Kong dollars), and Morgan Stanley has been arranged to handle the process. The listing is expected to be completed as soon as this year. According to the official website introduction, Siasun Robot & Automation was established in 2013, with products covering various scenarios such as markets, office buildings, public transportation, and industry. As of now, Siasun Robot & Automation has provided cleaning services for more than 70 countries and regions globally, over 300 cities, and more than 6,500 customers, covering a cleaning area of over 11 billion square meters. Siasun Robot & Automation is equipped with high-precision laser radar and cameras, achieving accurate positioning within 2 centimeters. It can update maps in real-time in dynamic environments, and complete map construction for a 2,000 square meter area in just 30 minutes. It is reported that Siasun Robot & Automation's products were introduced to Hong Kong earlier, and now its presence can be seen in many places such as university campuses, markets, and residential areas.