Songyan Dynamics confidentially files with Hong Kong Stock Exchange, plans to raise hundreds of millions of dollars

According to Bloomberg, Beijing robotics company Songyan Dynamics has confidentially filed a Hong Kong IPO application, planning to raise hundreds of millions of dollars and potentially list as early as next year. The company completed a nearly 1 billion yuan Series B round in March this year, led by CATL-affiliated Chendao Capital, has completed nine funding rounds in total, and has completed its conversion to a joint-stock company. On the product side, it has formed two major series, bipedal humanoid and bionic humanoid, including the N2, which is 1.2m tall with 18 degrees of freedom, and the E1, which is 1.36m tall, as well as the personal robot Bumi Xiaobumi, priced at 9,998 yuan.