AgiBot starts Hong Kong IPO process

AgiBot, a Shanghai-based developer of humanoid robots and embodied AI systems for industrial and commercial use, has initiated its Hong Kong IPO process after selecting banks. Meanwhile, Shein has revealed its financials and valuation within its own Hong Kong IPO filings. However, reports suggest Shein may struggle to justify a valuation ranging between $40 billion and $50 billion. Both companies are moving forward with their respective listing preparations in the Hong Kong market.