New Stock News | It is reported that Zhijidong Power has submitted a confidential application for a Hong Kong IPO, raising up to $300 million.

According to media reports citing informed sources, Shenzhen Zhujidongli Technology Co., Ltd. (referred to as Zhujidongli) has submitted a confidential application for its initial public offering (IPO) in Hong Kong, aiming to raise up to $300 million. The company is collaborating with CITIC SEC to advance the listing process. The insiders stated that discussions regarding the issuance scale and timing are still ongoing. Jesse Liu, the CFO of Zhujidongli, recently stated to the media that the company is preparing for the IPO but refused to disclose further details. Zhujidongli was established in 2022 and is a core manufacturer of Siasun Robot&Automation, focusing on the research, development, manufacturing, and commercialization of general Siasun Robot&Automation. Its products include fully autonomous humanoid Siasun Robot&Automation Oli, Luna, and the modular Siasun Robot&Automation TRON series. Investors include Alibaba, JD.com, and IDG Capital, among others. In July of this year, Zhujidongli completed a Pre-IPO round of financing, raising nearly $200 million, with a post-investment valuation of 15 billion yuan.