Core Viewpoint - AgiBot, a Chinese humanoid robot manufacturer, plans to launch an initial public offering (IPO) in Hong Kong next year, targeting a valuation between HK$40 billion to HK$50 billion ($5.14 billion to $6.4 billion) [1][2] Company Overview - Founded in 2023 by former Huawei employees Deng Taihua and Peng Zhihui, AgiBot has gained attention after a visit from Chinese President Xi Jinping [6] - The company produces humanoid robot series called Yuanzheng and Lingxi, along with data collection tools for model training [6] IPO Plans - AgiBot aims to file a preliminary prospectus early next year, with a public listing targeted for the third quarter of 2026 [4] - The company is expected to issue 15%-25% of its shares during the IPO [3] Financial Backing and Valuation - The IPO plans are supported by investors such as Tencent and HongShan Capital Group [2] - As of March, AgiBot reached a valuation of $2.07 billion [3] Strategic Partnerships and Deployments - AgiBot has partnered with automotive parts maker Fulin Precision Engineering to deploy nearly 100 Yuanzheng robots at Fulin's factories [7] - The company completed a strategic financing round with investors including LG Electronics and Mirae Asset, with additional backing from BYD and Hillhouse Investment [8] Industry Context - The IPO comes as Beijing intensifies efforts to develop automation in response to an aging population and to enhance its robotics capabilities amid competition with the United States [2]