Group 1 - Galbot, a domestic humanoid robot manufacturer, is preparing for an IPO in Hong Kong with a valuation between $3 billion to $4 billion [2] - The company has selected CITIC Securities, Huatai Securities, and UBS to handle the Hong Kong IPO, with plans to submit an application to the Hong Kong Stock Exchange as early as the first quarter of next year [2] - Discussions regarding the IPO are ongoing, and details may change, although Galbot previously stated that some information circulating is not accurate [3] Group 2 - Galbot was established in May 2023 and focuses on the research and development of multimodal large models and general-purpose robots [3] - The company aims to build a comprehensive self-research capability covering robot bodies, operating systems, simulation training, and embodied large model algorithms [3] - Its shareholder lineup includes strategic and industrial investors such as CATL, Meituan, BAIC Investment, and various venture capital firms [3]