Market Chatter: AgiBot Eyes Hong Kong IPO With CITIC, CICC, Morgan Stanley as Sponsors

MT Newswires Live07-23 08:30

Chinese robotics firm AgiBot is advancing toward a Hong Kong public listing, having secured CITIC Securities (HKG:6030, SHA:600030), CICC (SHA:601995, HKG:3908), and Morgan Stanley as joint sponsors for the offering, South China Morning Post reported Wednesday, citing two people familiar with the matter.

The Shanghai-based company signaled its listing ambitions last year when it reorganized into a joint-stock entity, a standard prerequisite for going public, the news agency said.

In October, Reuters reported that AgiBot was targeting a valuation of HK$40 billion to HK$50 billion.

Agibot, CITIC Securities, CICC and Morgan Stanley did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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