New Stock News | It is rumored that ZHuiMi Technology is considering going public in Hong Kong next year with a planned fundraising of hundreds of millions of U.S. dollars.

According to reports citing informed sources, the smart home appliance manufacturer, Zhui Mi Technology, which started out with a floor sweeping robot, is considering conducting its first public offering (IPO) in Hong Kong as soon as next year. The reports stated that Zhui Mi Technology is working with advisors, and the potential stock offering size could reach several billion US dollars. Discussions are still ongoing, and details such as the offering size and timing may change. The reports also mentioned that Zhui Mi Technology recently opened a direct financing window, planning to release some pre-IPO shares. The pre-investment valuation for this round is approximately 70 billion yuan, with a minimum investment threshold as high as 350 million yuan. The entire financing window is expected to close in early July. It is said that the proportion of shares released in this round ranges from 5% to 10%, and if calculated based on a valuation of 70 billion yuan, the corresponding financing scale would be between 3.5 billion and 7 billion yuan. In 2024, there were reports that Zhui Mi Technology planned to list in the United States, but the company later responded, stating, "This information is untrue." Public information shows that Zhui Mi Technology was founded in 2017 and is a global high-end technology brand with core technologies in high-speed digital motors, intelligent algorithms, bionic mechanical arms, and chips. Its products cover various categories such as high-end home appliances, smart kitchen appliances, smart cleaning appliances, outdoor smart devices, and personal care. Currently, Zhui Mi Technology's products are available in over 100 countries and regions, with over 6000 physical stores worldwide. It is known that Zhui Mi Technology received a total of 14 million yuan in angel round investment from Xiaomi and Shunwei Capital at the end of 2017 after joining Xiaomi's ecosystem chain. In 2019, the company completed a Series B financing, followed by a nearly 100 million yuan Series B+ financing in August 2020. A significant milestone was the 3.6 billion yuan Series C financing completed in October 2021, led by Huaxing New Economy Fund and CPE Source Peak, setting a new single financing record in the smart cleaning industry at that time. Subsequently, the company completed a Series C+ financing in May 2023.