The Chinese humanoid robot company Xian Gong Intelligence plans to raise approximately HK$1.07 billion in its Hong Kong IPO.

According to the announcement submitted to the Hong Kong Stock Exchange, Shanghai Xian Gong Intelligent Technology is selling approximately 10.5 million shares in Hong Kong at a price of 101.60 Hong Kong dollars per share. Bloomberg calculations show that the company plans to raise 1.07 billion Hong Kong dollars. The company is expected to start trading on June 24th. China Jianyin International Securities Limited is the sole sponsor.