Insider: SoftBank-backed robot manufacturer Coowa is preparing for a Hong Kong IPO.

Insiders said that Chinese robot company Coowa is preparing to list in Hong Kong, joining the wave of robotics and tech companies seeking financing in the city. These insiders said that the company, backed by SoftBank Group, has raised over $600 million in its latest funding round, valuing it at over $30 billion. The insiders added that Coowa, based in Shanghai, plans to submit an IPO application in the next two to three months. They also said that Huatai Securities and Deutsche Bank are collaborating with the company on the listing. As the discussions are confidential, these insiders requested to remain anonymous.