Woofun AI reports that SmartGen Innovation has formally initiated its Hong Kong listing process, marking a reversal from two previous denials of IPO rumors last year. The company has not yet disclosed filing timelines, fundraising scales, or target valuations. While unconfirmed reports suggest Citi, CICC, and Morgan Stanley are engaged as sponsors, SmartGen has not verified these details.

In 2025, SmartGen shipped 5,168 humanoid robots, capturing approximately 39% of the global market share and ranking first in shipments. This move coincides with competitor XYZ Technology receiving approval for its STAR Market IPO, signaling that leading robotics firms are advancing toward public listings across different exchanges.