IPO News | Rumor has it that Galaxy GM has hired an investment bank to help it go to Hong Kong to submit its IPO as early as the first quarter of next year

The Zhitong Finance App learned that according to market news, the domestic humanoid robot manufacturer Galaxy GM is preparing to go public in Hong Kong. It is reported that CITIC Securities, Huatai Securities and UBS have been selected to arrange an IPO. They may apply to the Hong Kong Stock Exchange as early as the first quarter of next year, while Galaxy GM's current IPO is being assessed at a valuation of 3 to 4 billion US dollars. However, related discussions are ongoing, and details are subject to change.

Earlier, there were media reports that Galaxy GM has been preparing for the listing for several months. It is possible to submit a listing application in January as soon as possible and complete the shareholding system reform in November. This is generally regarded as an important preliminary step for the company to go public. Galaxy GM responded at the time that the relevant news was untrue, and that the company's stock change was to meet subsequent normal financing needs and introduce new primary market investors.

According to reports, Galaxy GM specializes in multi-modal large-scale model development and general-purpose robot research and development capabilities covering robot bodies, operating systems, simulation training, and full-scale model algorithms. The shareholder lineup includes strategic and industrial investors such as Ningde Era (03750), Meituan (03690), BAIC Industrial Investment, Guoxiang Capital, etc., as well as Qiming Venture Capital, Lanchi Venture Capital, Jingwei Venture Capital, Source Code Capital, IDG Capital, Jiyuan Capital, etc.