According to reports, Chinese electronics manufacturer Anker Innovations Technology Co.,Ltd. (300866.SZ) is considering a Hong Kong listing as early as next year. Sources familiar with the matter indicate that Anker Innovations Technology Co.,Ltd. is working with investment banks to formulate plans. The discussions are reportedly ongoing, with details such as the offering size yet to be determined.
Last month, market rumors suggested that Anker Innovations Technology Co.,Ltd. planned to list in Hong Kong by early next year, raising approximately $500 million (about HK$3.9 billion).
Anker Innovations Technology Co.,Ltd. is reportedly one of Amazon's largest sellers, offering products ranging from power banks to phone cases. According to the company's official website, Anker Innovations Technology Co.,Ltd. was founded in 2011 and focuses on the design, development, and sales of smart accessories and smart hardware. Its products are primarily sold on e-commerce platforms such as Amazon, eBay, Tmall, and JD.com, while also maintaining offline retail partnerships with Walmart and Best Buy.
Previously, Anker Innovations Technology Co.,Ltd. issued a recall notice for 713,000 power bank products due to overheating and fire hazards. The company stated that suppliers used unapproved raw materials in industry-standard battery cells, creating safety risks.
Anker Innovations Technology Co.,Ltd. is already listed on the Shenzhen Stock Exchange. Its stock price has gained over 50% year-to-date, currently trading at its highest level since early 2021, with a market capitalization of approximately 79.45 billion yuan.
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