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Robot Maker Inovance Is Said to Hire Banks for Up to $2 Billion Hong Kong Listing

Julia Fioretti, Dave Sebastian
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⚡ Quantum Brief
Shenzhen Inovance Technology, a major Chinese industrial robot manufacturer, has selected banks for a Hong Kong IPO that could raise up to $2 billion, according to insiders. The company tapped Bank of America, China International Capital Corp., Guotai Junan International, and Morgan Stanley to lead the planned share sale, which remains confidential. The listing would mark one of Hong Kong’s largest tech IPOs in 2026, signaling strong investor appetite for advanced manufacturing and automation sectors amid global industrial upgrades. Inovance’s move follows China’s push to dominate high-tech industries, with robotics and AI-driven automation becoming key strategic priorities for both domestic and international expansion. The deal’s size reflects growing confidence in Hong Kong’s capital markets despite recent volatility, as firms seek funding for R&D and global competitiveness.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Industrial robot maker Shenzhen Inovance Technology Co. has picked banks for a Hong Kong listing that could raise as much as $2 billion, according to people familiar with the matter.Inovance is working with Bank of America Corp., China International Capital Corp., Guotai Junan International Holdings Ltd. and Morgan Stanley on the planned share sale, the people said, asking not to be identified because the information is private.

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Source: Bloomberg Technology

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