Coowa Announces Hong Kong IPO Plans
Coowa, a Shanghai‑based robotics company founded in 2015 and backed by SoftBank Group, intends to submit its initial public offering (IPO) application to the Hong Kong Stock Exchange within the next two to three months. Huatai Securities and Deutsche Bank have been appointed as financial advisers for the listing.
Recent Funding and Valuation
The firm recently closed a funding round that raised more than $600 million, lifting its post‑money valuation to over $3 billion. This valuation reflects investor confidence in Coowa’s technology and market traction.
Business Overview and Deployments
Coowa designs artificial‑intelligence‑powered robots for urban environments, offering wheeled, wheel‑legged and humanoid‑like platforms. Its robots are employed in shared mobility, manufacturing and property‑service sectors. To date, the company operates in more than 50 cities and regions worldwide, with total deployments exceeding 10,000 units.
Financial Performance
For the fiscal year 2025, Coowa reported revenue of over 1 billion yuan, equivalent to approximately $147.7 million. The revenue figure underscores the commercial uptake of its robotic solutions.
Investor Base
Beyond SoftBank, the company’s shareholder base includes the Asian Infrastructure Investment Bank, indicating strategic interest from infrastructure‑focused investors.
Outlook
The upcoming Hong Kong IPO will provide Coowa with a public market platform to fund further expansion of its AI‑driven robotics portfolio and to scale deployments across additional urban markets.